Bonk (#BONK )
Bonk ($BONK ) is currently the fifth largest meme coin, with a market cap of $1.65 billion. According to analysts, this asset recently broke above a descending trendline, which had been in place from the end of May to the end of September. From the current level, Bonk is expected to rise by 19% to retest the 50% retracement level at $0.000030 formed from the May high to August low.
Looking at the Relative Strength Index (RSI), Bonk has hit the overbought zone with a reading of 70. This implies that the level of buying pressure is enough to sustain a bullish extension. On the other side, the increasing RSI level could also signal a potential price reversal.
At press time, Bonk was up by 3% in the last 24 hours and 35% in the last seven days to trade at $0.00002345.

According to analysts, the asset could decline to $0.0000181 if the price plunges below the $0.0000228 support level.
Dogwifhat ($WIF )
Dogwifhat (#WIF ) is currently the fourth largest meme coin in the ecosystem, with a market cap of $2.3 billion. According to our market data, this asset has surged by 39% in the last seven days to trade at $2.37.
Interestingly, analysts believe that this bullish run will continue after breaking above its descending trendline and breaching a crucial resistance level at $1.947. Based on our analysis, a breach above the 50% price retracement at $2.586 would push the price to another 25% surge to hit $2.89.

Looking at its market indicators, WIF’s RSI shows an overbought level of 74. This implies that traders should approach the asset with caution as the increasing RSI level indicates a possible pullback. WIF could likely retest its $0.0000181 level if bulls fail to hold the price above the $0.0000228 level.
Floki (#FLOKI )
Floki ($FLOKI ) is the sixth largest meme coin with a market cap of $1.51 billion. In the last seven days, the asset has surged by 19% to trade at $0.000158.
According to analysts, the asset has currently breached a crucial resistance level and coincided with a 50% price retracement level. If Floki holds its momentum above this level, the price could surge by an additional 21% to reach $0.000188.

A fall below $0.000154 could also result in a retest of the $0.000135 low. Unlike Bonk and WIF, Floki’s RSI has declined from 70 to 66, indicating a fall in bullish momentum. However, bulls remain strong at this level.
#memecoins

Date: Mon, Sept 30, 2024, 06:40 AM GMT
In the cryptocurrency market this month, we saw a major rally in the price of Bitcoin, which pushed all memecoins and altcoins upside, driven by the cute Fed rate decision, and now all eyes are on the upcoming October as many crypto investors have kept a bullish anticipation by upon its bullish historical performance.
According to data from Cryptorank, Solana (SOL) typically performs well in October, with a four-year average growth rate of 18.7%. This historical trend could boost Solana-based memecoins, helping drive a sustained recovery.
Source: Cryptorank
Here are the top three Solana-based Memecoins to watch in October:
1) Dogwifhat (WIF)
$WIF , , is a standout memecoin on Solana, has seen impressive performance, gaining 41% in the last seven days. It recently broke out of a descending wedge pattern on the 1-day chart, overcoming resistance at $1.80. Now trading at $2.47, WIF shows strong potential for further growth, with the next resistance level at $2.69—an additional 8% upside from its current price

2) Bonk (BONK)
Bonk, the second-largest memecoin by market cap on the Solana ecosystem, surged over 38% in the past week. Like WIF, BONK broke through a key resistance level at $0.00001757 and has been climbing since. Currently trading at $0.00002421, $BONK is approaching its next resistance at $0.00002849, which represents a potential 16% gain from current trading price.

3) Popcat (POPCAT)
Popcat has been gaining attention after a 68% surge this month, breaking its all-time high of $0.9972. However, it is currently trading just below the $1 mark. If it manages to break past the $1.03 level, a potential rally could be on the horizon.

Conclusion
As October unfolds, Solana-based memecoins like WIF, BONK, and Popcat are showing strong potential for growth, backed by solid price action and historical trends. With Solana itself typically performing well during this month, these memecoins could see significant gains if market conditions remain favorable. Whether you're watching WIF’s breakout momentum, BONK’s steady climb, or Popcat’s impressive rally, all three have the potential to lead the memecoin charge in October. However, as always in crypto, volatility is expected, so investors should proceed with caution and stay informed.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
#Memecoins #WIF #BONK

Last week, Dogwifhat, Bonk, and FLOKI all had increases over 20%.
The three dog-themed meme currencies are hovering near important levels, which might mean further gains are on the horizon.

There is a higher probability of a corrective downturn when the RSI approaches overbought levels for WIF, BONK, and FLOKI.

Following a weekly price surge of over 20%, the three most popular meme coins themed on dogs—Doggifhat (WIF), Bonk (BONK), and FLOKI (FLOKI)—maintained their gains on Monday. According to the technical analysis, there is still room for the bulls to take these three meme currencies to even higher double-digit gains.

Stay tough, dogwifhat bulls!

On September 24, the price of Dogwifhat surged 23% during the next four days, breaking above the falling trendline and closing above the daily resistance level at $1.947. Monday sees a little decline in price, hovering at $2.413.

The WIF price might continue its recovery by 12% to revisit the $2.895 high of July 22 if it closes above the 50% price retracement at $2.586.

Above its overbought level of 70, the Relative Strength Index (RSI) is now trading at 74. With the relative strength index (RSI) heading downward, traders should exercise caution as the likelihood of a price drop grows. A distinct selling signal would be sent if it were to leave overbought territory. Alternatively, the RSI can stay above the overbought mark, indicating that the rise is still ongoing.

Conversely, if WIF falls below the daily support level of $1.947 and fails to close below its 50% price retracement at $2.586, then it will continue to plummet. If the current trend continues, we may see prices go back down to the $1.444 low from September 18.

There is hope for a rise in the bonk price.

Friday saw a 15% rally in Bonk price, which broke over the falling trendline (drawn from May to September) and closed above the daily resistance level at $0.0000228. Another 15% increase was recorded. Monday sees a little increase, trading at around $0.0000242.

Assuming $0.0000228 remains a support level, BONK has the potential to surge 19% from its present trading level, with a potential retest of the $0.000030 price retracement level (drawn from the peak to the low in August).

With the RSI moving higher and trading above the overbought threshold of 70, the bulls seem to still have some room to maneuver in the current rise. On the other hand, investors need to be aware that a price drop is more likely with the RSI at these levels.

With a closing below $0.0000228, BONK may continue its fall and try to retest its low of $0.0000181, which it reached on September 17th.

The price of FLOKI seems to be heading in the right direction.

In a 12.5% rally on Friday, FLOKI price broke over its daily resistance level at $0.000154, which happens to be the same level as the 50% price retracement level. On Monday, it crosses just above the crucial support level of $0.000154.

Maintaining support around $0.000154 would allow FLOKI a 21% rise, allowing it to revisit its high of $0.000188, which it reached on July 27.

Since the RSI is now trading below its overbought level of 70, it indicates that the bullish momentum has decreased. The momentum indicator, however, remains relatively unchanged at 66, indicating that bulls are still in control.

On the flip side, FLOKI might continue its fall and retest its $0.000135 low from September 26 if it closes below the $0.000154 support level.

#FLOKI #BONK #WIF $FLOKI

As the market slowly corrects towards the weekend, three major meme tokens have managed to grab a seat among the top five gainers on CoinMarketCap today.
These meme coins, which were previously undervalued for their bad performance, are currently making a huge comeback, attracting the interest of both traders and investors.
The three tokens under light are Dogwifhat ($WIF ), Dogecoin ($DOGE ), and Bonk ($BONK ). Previously dismissed as having little potential due to bad performance, they have recently emerged as the leaders in terms of daily gain.

#WIF had risen by an astounding 3.07% over the last 24 hours as of the time of writing, #DOGE had increased by 2.85%, and BONK had increased by 2.54%. This surprise gain has undoubtedly rocked the market, especially given the corrective period that other coins are suffering.
WIF and BONK: Leading the Meme Coin Resurgence on Solana
WIF and BONK, both well-known for their great presence earlier in 2024, have once again proved their growing potential, demonstrating that they aren’t merely passing phenomena.
These coins have demonstrated incredible durability and growth, and they are specifically constructed on the Solana network, giving them a distinct advantage in the meme coin ecosystem. Meanwhile, observers have long seen Dogecoin, the world’s first meme coin, as an important sign of the altcoin market’s rally.
Its fluctuations are sometimes viewed as a forerunner to broader market trends, particularly in the meme token arena, where DOGE typically leads the way.
Interestingly, Dogecoin’s recent on-chain activities have received attention. According to CNF, DOGE’s on-chain activity has increased significantly, with transaction counts reaching a three-month high. This increase in activity could indicate a revived interest in DOGE, as well as the larger meme coin market.
Furthermore, despite previous market downturns, WIF has maintained its strength. Just a few days ago, as we previously reported, WIF led the list of top daily gainers, continuing a strong trend despite continued market declines.
Meanwhile, as we previously reported, Coinglass data showed that the Open Interest (OI) for WIF has surged by a remarkable 29.99%, hitting $304.05 million at that moment.
This increase in OI implies that investors are becoming more interested in WIF, strengthening its status as a token to monitor in the coming days.


#memecoins #binance