During this period, whether it is the old-fashioned MEMEs, such as Doge, Shib, PEPE, or the newer ones like WIF, MAGA, and PNUT, they have all risen rapidly, bringing a new wave of spring to the MEME project.
However, there are still certain risks in copycat trading. I hope everyone will be cautious and rational, look at it from an investor's perspective, control your positions reasonably, and be sure to clearly distinguish what you can take and what you cannot take.
3 popular altcoins worth investing in after the pullback ends!
WIF
Dogwifhat (WIF) has shown strong upward momentum this week. On Monday, the coin traded within an ascending triangle and tested the $2.70 resistance level several times while fluctuating around the 2024 support line at $2.55, which became a key support to maintain the bullish momentum. Based on this price action, the consensus is that WIF will break through the current resistance level.
After successfully breaking through $2.70, the price of WIF quickly soared to higher targets, and as of press time, the trading price has exceeded $4.00. Currently, the price of WIF is $3.4, up 31.12% in the past 24 hours and 71.75% in the past week, which is an extremely strong performance.
To rise further, WIF needs to break through the critical resistance level of $4.5. Technical analysis suggests that a break above this level could push WIF further up, even to $5. Current technical indicators suggest that there is still upside potential for the price, and investors are watching these levels closely, expecting further gains.
In addition, WIF has successfully broken through the 100 EMA (exponential moving average) on the hourly chart, which may mark a change in trend. Previously, WIF experienced a period of volatility, testing multiple highs and lows, and the current breakthrough occurred against the backdrop of volatile trading volumes. Although the market is cautious, traders' interest is continuing to grow.
As WIF gains more and more attention, setting a new all-time high (ATH) seems to be just around the corner. If market conditions remain favorable, Dogwifhat may break through the current resistance level and continue to rise. Investors should pay attention to the overall trend of the market as well as technical indicators to assess its future potential. If Dogwifhat can continue to perform well in 2024, there may be more room for growth in the future.
TREES
BOME's recent price surge has attracted a lot of attention. It has successfully broken out of the descending triangle pattern that had been stagnant for a month, breaking through the trend reversal zone between $0.0076 and $0.0080, showing a clear bullish signal. This shows that market sentiment is shifting and BOME may usher in new upward momentum. Although a potential double bottom pattern is currently forming and there may be some minor pullbacks in the short term, the overall trend remains positive.
BOME has broken through a significant resistance zone, showing a possible recovery to the critical range of $0.01124 to $0.01155. Although a short-term correction to $0.0085 is possible, the On Balance Volume (OBV) has rebounded and continues to rise, showing that the bearish trend before the breakout is about to end. Analysts expect that BOME may remain high in the following 2024, and may even break through $0.15 by the end of the year.
With the arrival of the altcoin season, BOME is seen as a project with great potential. Currently, BOME is trading at $0.0096, up 19.78% in the past 24 hours and 26.71% in a week. Its relative strength index (RSI) is 44, indicating that its price may be undervalued and it may be an ideal buying opportunity. If the altcoin season really comes, the price of BOME has the potential to reach $0.02.
BOME has also been steadily growing in adoption, and it was recently added to PengyOS, which has brought it more exposure and recognition. Over the past year, BOME has risen by as much as 1100.67%, which is still impressive, although it is still below its all-time high. Since the Bitcoin ETF has absorbed more Bitcoin than mining can produce, meme coins like BOME have huge potential for gains. With the fourth quarter of 2024 approaching, now may be the best time to consider investing in BOME, and missing this opportunity may bring regrets.
BNB
BNB Chain recently entered into a strategic partnership with Google Cloud to provide $10 million worth of cloud credits to support innovative projects in its Most Valuable Builder (MVB) accelerator program. This partnership will further drive continued innovation in the BNB ecosystem, especially in the areas of cloud and AI-driven development of decentralized applications (dApps).
Currently, Binance Coin (BNB) is trading at around $623, down 5.74% in the past 24 hours. Despite this, BNB is still up 4.77% in the past week, showing positive market momentum. Market sentiment around BNB remains bullish, with the Fear & Greed Index at 84, in the "Extreme Greed" zone, indicating strong investor confidence and increased market activity.
From a technical perspective, BNB’s price is above its 200-day simple moving average (SMA) of $548.18, up 10.96%, which is a positive sign that the bullish sentiment towards the token remains strong. In the past 30 days, BNB has closed higher on 16 days, showing a stable performance. The token is also highly liquid, with a volume-to-market cap ratio of 0.0483 and a 24-hour trading volume of $4.33 billion against a market cap of $89.76 billion.
Additionally, BNB’s 14-day relative strength index (RSI) is currently at 62.95, which is in neutral territory, meaning that price action is likely to continue moving sideways with no clear overbought or oversold pressures. In the short term, BNB is likely to remain stable, lacking a strong directional trend.
