LUNA Coin$LUNA
For LUNA Coin, if the $0.38 level is lost, a pullback to $0.24 is possible. LUNA, along with other assets like FTT, has experienced a major drop, putting them in the status of meme coins. Currently trading at $0.416, LUNA is under more selling pressure after losing the key support level of $0.55. If the decline continues, the $0.38 level could be tested below, and a pullback to $0.24 could be possible. However, a recovery is expected to require the recovery of the parallel channel support and the $0.81 resistance level to be overcome.
Dogecoin (DOGE)$DOGE
Dogecoin is not in a bad shape due to whale movements and its popularity as a meme coin makes it more tolerant to its declines. In bull markets, new investors turn to meme coins in order to make quick profits, which causes more volatility. DOGE rose in anticipation of easing the regulatory environment after Trump’s election victory, but it is currently trading at $0.32. Investors predict that DOGE could approach $1 in the first two quarters of next year. Elon Musk’s positive statements about DOGE and Trump’s cryptocurrency-focused plans are promising for investors. If the DOGE price does not fall below $0.27, the $1 target may still be valid.
BONK Coin$BONK
BONK Coin has become a major player in the Solana ecosystem to compensate for the losses it experienced in 2023. Investors who have made huge profits thanks to airdrop campaigns see BONK Coin’s role in Solana’s rebirth as an important factor. Currently, BONK, which maintains the parallel channel support at $0.00002949, may target $0.00004185. A break above this level could allow the $0.00005278 resistance to be tested, and the price could aim to erase another zero.
