Bonk
The price of BONK established a new ATH at $0.000059 on November 20 before dropping to $0.000045. Sudden price fluctuations like these are not uncommon for memecoins, reflecting high volatility in a short timeframe. Despite the drop, BONK continues to hold significant potential as market conditions change.
As a memecoin based on Solana, BONK benefits from the hype surrounding Solana ETF. Due to its connection with the Solana ecosystem, any positive movement towards SOL could trigger a price increase for BONK. Therefore, market sentiment for Solana is expected to influence the future price direction of BONK in the coming days.
BONK 1-Day Price Chart | Source: TradingView
Currently, BONK is facing resistance at $0.000047. If it cannot break through this barrier, it will trigger a pullback, halting any upward momentum and hindering efforts to establish a new ATH while posing potential downside risks.
PNUT
Peanut the Squirrel (PNUT) is one of the top-performing cryptocurrencies this month, achieving an impressive growth of 1,416% in just one week. The price reached an ATH of $2.5, attracting significant attention from investors. The rapid ascent highlights the volatile yet high-reward nature of memecoins.
At the time of writing, PNUT is trading at $1.24, holding above important support at $1.06. This support level is essential to maintain an upward trajectory. As long as the price remains above this threshold, PNUT is likely to avoid significant declines, sustaining upward momentum in the near future.
PNUT 1-Day Price Chart | Source: TradingView
The ongoing strength of the PNUT bullish trend in November indicates further upside potential. However, if it loses support at $1.06, the outlook could shift to bearish. In that case, the price could slide down to $0.44, invalidating the current bullish scenario and changing market sentiment.
ACT
ACT is at the intersection of two booming sectors in the crypto market — artificial intelligence (AI) and memecoins. This unique combination gives ACT a distinct advantage, appealing to investors looking to leverage both technological innovation and the viral nature of meme-driven assets.
The performance of ACT has demonstrated the potential of a strategy combining two sectors. At the beginning of November, this altcoin surged 3,044% within a week. In the past 24 hours, the price of ACT has increased by 66%, indicating the volatility and high reward potential often associated with memecoins linked to trending technologies like AI.
ACT 1-Day Price Chart | Source: TradingView
When ACT approaches ATH of $0.94, this memecoin will face an important threshold. If it breaks that resistance level, ACT could surpass the $1 mark, driving the next increase. However, if profit-taking activity starts to dominate, the price may drop below the important support level of $0.44, potentially invalidating the current bullish outlook.
PEPE
PEPE saw a surprising price surge in November, rising nearly 84% in just 48 hours. The rapid increase helped this memecoin reach an ATH of $0.000025, surprising investors and sparking new interest. Its performance highlights the volatile nature of memecoins in the crypto market.
Currently trading at $0.00002, the price of PEPE has found support above $0.000016. This support level is crucial for maintaining bullish momentum. If it drops below this level, it could signal significant losses for investors, leading to a shift in market sentiment and potential further declines.
PEPE 1-Day Price Chart | Source: TradingView
If PEPE remains a trending token, it could capitalize on the ongoing hype surrounding memecoins. This sustained interest could push the price back to ATH. As long as the price holds above key support levels, there is a likelihood that PEPE will return to previous highs, benefiting from meme-driven popularity.