In the early morning of November 14, Bitcoin successfully pushed its all-time high above $93,000, and the $100,000 milestone is just around the corner. What’s even crazier is that the crypto industry has definitely entered the meme carnival season. New meme coins that increase tenfold or a hundredfold are emerging almost every day.
In the short term, it may enter a consolidation phase
According to Willy Woo, founder and statistician of data platform Woobull, BTC may see more consolidation between $88,000 and $91,000 before it is expected to attack the next major resistance level of $102,000. Woo said on the X platform that when Bitcoin breaks through historical highs, the market lacks historical data as a reference, and price movements become more volatile. Therefore, technical analysts often use tools such as Fibonacci numbers and liquidation levels to predict potential resistance levels. Woo pointed out that the recent price fluctuations of Bitcoin coincide with the Fibonacci levels and liquidation levels in the range of $88,000 to $91,000, which indicates that the current price is in a relatively stable range. Looking ahead, Woo believes that $102,000 is the next important technical resistance level. This target is based on Fibonacci analysis of historical cycle highs and current cycle lows. Bitcoin is still in its early stages, but it is expected to reach $500,000.
Meme tokens dominate the cryptocurrency market
Following Dogecoin’s (DOGE) strong gains over the past few weeks, which saw its valuation surpass $55 billion, the memecoin space is also gaining momentum. According to the latest market data, the memecoin space has grown to a valuation of over $123 billion, with daily trading volumes exceeding $89 billion. Of the top ten best performing cryptocurrencies in the past 24 hours, eight are meme tokens. While their gains may seem modest compared to other cryptocurrencies, these gains still far outstrip many other altcoins, highlighting the strong investor interest in this space. The continued gains in these tokens suggest that market attention is shifting away from established assets and toward more speculative investments.
Dark horse potential coins cannot be ignored!
BABY
Recently, the price of PEPE has soared, which is closely related to factors related to the Trump election and Robinhood's listing on its European platform. This move has encouraged users to participate in PEPE transactions, and at the same time, it has brought the temptation of a 1% deposit bonus. There is currently optimism about the future of PEPE, especially the increase in whale trading activities, which shows that the market's interest in PEPE is growing. With the increase in trading volume, PEPE is expected to usher in greater volatility and attract more investors.
BANANA
Banana is a SOL chain MEME, with a current market value of 18.5M, which has skyrocketed more than 10 times overnight. The transaction volume ranks 9th in the entire chain. The number of currency holding addresses is 6987. It may be greatly underestimated in the future! Because this banana is not an ordinary banana, the banana cartoon (Peanut Butter Time) that Musk graffitied on the S31 starship has been popular all over the world and has become a popular music IP. The number of YouTube views is as high as 220 million, with more than 1 million likes and more than 70,000 comments. It has become a classic "children's song" for many foreign children and its popularity is off the charts!
According to the plan, the starship with this paint job will be launched on the 18th. Interestingly, according to analysis, Musk placed the image in the most prominent position, which means that the image may appear in many live broadcasts.
As a "graffiti" symbol, future rocket launches will bring it more attention and value. At this moment, the potential of this IP is still huge, and there is still unlimited space in the market!
WIF
WIF is a popular Solana-based meme coin that has made waves in the cryptocurrency space with its outstanding performance driven by bullish market sentiment. However, WIF's rise today surprised everyone as the price rose by about 40% in the past 24 hours, indicating a potential upward trend. The price of WIF has broken through $4.15, just one step away from the new high of $4.8. With this new bullish momentum, experts believe that WIF may hit a new all-time high (ATH), thereby driving further growth in the market. It is worth mentioning that SOL-based meme coins have been very strong recently.
