Shiba

Bitcoin

FLOKI

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/surge-in-meme-coins-as-crypto-market-shows-mixed-signals/" data-wpel-link="internal">Surge in Meme Coins as Crypto Market Shows Mixed Signals</a><br></p>
<p style="text-align: justify">While we observed sudden sell-offs in altcoins at the time of writing, most cryptocurrencies are still trading above their critical resistance levels. Notably, we witnessed significant price increases in meme coins yesterday. <a href="https://coin-turk.com/analiz-firmasi-glassnode-acikladi-bitcoinde-bu-seviyeye-dikkat" data-wpel-link="internal">Bitcoin</a> may have dropped below $61,500, but it remains close to its historical peak, and an increase in volatility is expected after the weekly close.</p> 
<h2 style="text-align: justify" id="meme-coins-on-the-rise">Meme Coins on the Rise</h2> 
<p style="text-align: justify">Over the weekend, <a href="https://en.coin-turk.com/crypto-market-starts-the-week-with-a-decline-danger-signs-for-shib/" data-wpel-link="internal">Shiba</a> Coin’s price impressed with a 69% rally, and several other meme coins followed its lead. Blockchain analytics firm Santiment views the rise in meme coins like SHIB, <a href="https://en.coin-turk.com/dogecoin-price-analysis-amid-market-fluctuations/" data-wpel-link="internal">DOGE</a>, BONK, WIF positively following the recent <a href="https://coin-turk.com/binance-3-tane-daha-ekliyor-kripto-paralarda-son-durum-ne" data-wpel-link="internal">BTC</a> surge. Typically, during periods of increased risk appetite and altcoin rallies, we see investors triggering double-digit gains in riskier cryptocurrencies.</p> 
<p style="text-align: justify">Some whales have seen this latest rise as an opportunity to sell, and the price of SHIB dropped just below $0.00002 at the time of writing. According to on-chain analysis firm Lookonchain, between November 17 and December 27, 2023, whales on the <a href="https://en.coin-turk.com/exciting-development-for-binance-a-global-first/" data-wpel-link="internal">Binance</a> exchange directed profit-taking in SHIB.</p> 
<h2 style="text-align: justify" id="commentary-on-shib-wif-bonk">Commentary on SHIB, WIF, BONK</h2> 
<p style="text-align: justify">Throughout the past week, various cryptocurrencies such as PEPE, WIF, BONK, DOGE, and FLOKI have seen significant gains, and their social dominance has increased substantially. According to a Lookonchain report, a single crypto whale made a profit of $1.35 million after purchasing 673,394 WIF for 7,059 SOL. Another whale jumped on the bandwagon early with a million-dollar purchase at $0.71.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322329 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-03_11-16-39.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">For Shiba Coin, closing above the key price region of $0.00001830 could lead to new peaks between $0.00002587 and $0.00003588. However, a close below support could see a return to the $0.000012 parallel channel resistance without surprise.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322330 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/BONKUSDT_2024-03-03_11-17-51.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">BONK Coin, aiming to revisit its peak on the Binance exchange, is just above the $0.00002068 support region. If it loses this area, we could see a drop to $0.00001742 and $0.00001473.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322331 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/WIFUSDT_2024-03-03_11-20-29.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">Finally, WIF Coin, which reached its all-time high, is also falling victim to profit-taking at the time of writing. If it loses the $1.4 level, a pullback to $1.15 and $0.92 could be seen.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/surge-in-meme-coins-as-crypto-market-shows-mixed-signals/" data-wpel-link="internal">Surge in Meme Coins as Crypto Market Shows Mixed Signals</a></h5>

Surge in Meme Coins as Crypto Market Shows Mixed Signals

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