With the pre-halving craze picking up pace, meme coins like Dogwifhat and Bonk could be the star players in the upcoming altcoin season. The said coins present a massive jump this Sunday and promise a bull run.
Will the meme coins continue to soar high as the top cryptocurrencies of the past are making a comeback? Will the meme coin rally manage to sustain the rising demand? Let’s have a closer look at the WIF and BONK price charts to answer these questions.
The WIF price action shows multiple elements supporting the bullish trend continuation with increased momentum. The meme coin shows a bullish reversal from the psychological mark of $3 to surpass the overhead resistance trendline.
The uptrend accounts for a massive jump of 27% over the weekend and breaks above the $4 mark. However, the incoming supply at $4.25 leads to a retest of the bullish breakout at the 50% Fibonacci level.
Currently, the WIF price trades at $4.08, with an intraday drop of 2.83% for the retest. However, the WIF price increased by 11.79% last night, leading to the reversal. Considering the post-retest reversal is successful, the uptrend in meme coin could hit the $5 mark.
