Date: Fri, Jan 03, 2025, 06:03 AM GMTT
he cryptocurrency market is starting 2025 on a positive note, rebounding from December's bearish trend. Bitcoin (BTC) has shown resilience, recovering from its December 31 low of $92,000 and climbing above $96,000 today. Along with Bitcoin, memecoins like Apu Apustaja (APU) and Ponke (PONKE) are coming in spotlight after their notable moves.
In the past 24 hours, APU has surged over 18% after a critical breakout, while PONKE has returned to a green trajectory, showing signs of strength.
Source: Coinmarketcap
Apu Apustaja (APU)
Apu Apustaja (APU) has surged over 18% in the past 24 hours after breaking out of a falling wedge pattern near its upper resistance at $0.00055, which pushed its price to the current level of $0.0006173. This breakout signals a potential bullish shift, resolving a weeks-long consolidation phase.
Apu Apustaja (APU) 1D Chart/ Coinsprobe
If this momentum continues, APU could target resistance levels at $0.00073 and $0.00091, offering an impressive potential upside of 67% from the breakout point.
Technically, the MACD histogram has crossed into positive territory, further supporting the bullish case, while the RSI at 41.21 suggests there is still room for upward movement before hitting overbought conditions.
Ponke (PONKE)
Ponke (PONKE) is also showing strength, breaking out of a falling wedge pattern and moving past its upper resistance at $0.31. The token is currently trading at $0.3552, entering a critical horizontal resistance zone.
Ponke (PONKE) 1D Chart/ Coinsprobe
A decisive move from this resistance zone above $0.38 would confirm bullish momentum, potentially paving the way for PONKE to reach $0.53 and $0.59, which could represent a 66% gain from its current level.
The MACD indicator reveals increasing bullish divergence, with the lines crossing upward, while the RSI at 43.95 remains neutral, indicating room for further growth. The chart highlights the importance of PONKE clearing its current resistance zone to maintain its rally.
Potential Scenarios for APU and PONKE
Both APU and PONKE appear well-positioned for continued upward movement if the broader market sustains its bullish sentiment. APU may retest its breakout level around $0.00055 before resuming its climb, while PONKE will need to clear the $0.38 resistance zone conclusively to build on its momentum.
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Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investors are encouraged to conduct thorough research before making any investment decisions.
