The top 5 memecoins: DOGE, SHIB, PEPE, WIF, and BONK, are trying hard to revive a strong ascending trend
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Dogecoin price is stuck around crucial support after rebounding from the levels below. Regardless of the bearish action, the price remains stuck above $0.1, which suggests the top memecoin is ready for the next price action.
The Shiba Inu price has been trading within a bearish descending parallel channel and has remained stuck along the average bands of the channel. However, the second-largest memecoin is close to triggering a bullish rebound and may head towards the upper resistance very soon.
PEPE price has dropped below the pivotal support but is displaying a huge possibility of a bullish continuation. The technicals have turned bullish and hence the price is expected to maintain a healthy ascending consolidation to reach the apex and trigger a breakout.
Similar to the other memecoins, the WIF price continues to trade within a bearish pattern and is believed to trigger a rebound from a crucial range. Regardless of the recent pullback, the price held the pivotal zone and hence a 30% rise could be fast approaching.
Being a little dissimilar to the market trend, the BONK price is feared to fall below the crucial support. After losing the support of the decisive symmetrical triangle, the price is stuck along the local support. However, bearish flags have been fluttering over the crypto and hence, a 20% pullback appears to be imminent.
