dogwifhat

Pepe

Memecoin

<p>The post <a href="https://coinpedia.org/price-analysis/solana-memecoin-bull-run-begins-bonk-pepe-and-dogwifhat-record-nearly-40-gain/">Solana Memecoin Bull Run Begins: Bonk, Pepe And dogwifhat Record Nearly 40% Gain</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The value of several meme coins has more than doubled, registering an increase of 100% from their lowest levels this month. After the Bitcoin halving event, the price of BTC quickly initiated an upward trend, maintaining its momentum above the $66K level. In contrast, memecoins began their surge slowly. Leading SOL-based memecoins, such as Bonk, Pepe, and Dogwifhat, are now targeting additional gains by the weekend.</p> 
<h2 class="wp-block-heading" id="h-is-memecoin-rally-back">Is Memecoin Rally Back?</h2> 
<p>Market analysts believe BONK’s recent recovery is due to investors taking advantage of recent price drops. It’s common for assets to experience a rebound after significant declines, and BONK’s comeback seems to follow this pattern.</p> 
<p>Other tokens in this category, including PEPE and dogwifhat (WIF), have also seen <a href="https://coinpedia.org/guest-post/top-meme-coins-to-buy-for-minimum-10-15x-profits-in-may/">substantial gains</a>. Market data indicates that BONK’s rally is supported by increased trading activity. According to CoinGecko, the trading volume surged above $734 million on Wednesday, gaining around 340% in the last 24 hours.</p> 
<h3 class="wp-block-heading" id="h-bonk-price-analysis">Bonk Price Analysis</h3> 
<p>Recently, Bonk’s price has shown significant growth, aiming to surpass key resistance levels. Bonk has successfully broken above the descending resistance channel; however, sellers are strongly defending further surge.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/NktmXTkdjj6zf1FCzIaeQq8CtHPWTH4jyRNZfXKjG23zZSSKtDoo7-EH_znna1GCDwiKaB13H4Tv-56aEwmB6jpYgHbzbZqT3hUvyOwu2IQcTksyN_k92dqpJYnKtOanbVprz-_Ikwkwk5zpPDGN6A8" alt="">
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<p>The BONK/USDT trading pair appears ready to move past Fibonacci levels, nearing the resistance line at $0.0000301. Bears view holding this line as crucial, as breaking above it could end their dominance. If overcome, the price might climb to $0.0000405 and even reach $0.000045.</p> 
<p>Conversely, if the price falls significantly from the moving averages or the downtrend line, it would confirm bearish dominance. This scenario could see sellers driving the price down to $0.000019 and possibly further to $0.0000135.</p> 
<h3 class="wp-block-heading" id="h-pepe-price-analysis">Pepe Price Analysis</h3> 
<p>The price of Pepe has surged significantly, breaking above EMA trend lines and reaching $0.0000081, which could set the stage for a climb to the resistance level at $0.00001. Bears are active around the 23.6% Fib channel, defending further surges.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/AoAYWeG93G-X5DIE5zWFdhgq6_H7No60ShCun3Z5dPb-qdTrC0MVTdPmZPNiBKxdS1y1MEPGeSiQI21ZpLlYSM0K8ep-w4L7t4Rk4f4gKmesXjJ9k-6g3_to9ym_3xiKr-OL89P2fdVPZWNVsamqjeM" alt="">
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<p>Despite this surge, the asset is currently experiencing substantial selling pressure due to strong resistance, with its price now at $0.0000077 after an impressive 4% increase over the past 24 hours.</p> 
<p>A tense battle is expected near the $0.0000082 level between buyers and sellers. If buyers prevail, the PEPE/USDT pair could continue its upward momentum, potentially targeting $0.000009-$0.00001 and even extending to a pattern target of $0.000013.</p> 
<p>On the flip side, a significant pullback from the resistance could signal the bears’ resolve to retain control, possibly pushing the price back down to $0.0000063 or even lower to $0.0000047 if the downward trend intensifies.</p> 
<h3 class="wp-block-heading" id="h-dogwifhat-wif-price-analysis">dogwifhat (WIF) Price Analysis</h3> 
<p>WIF price surpassed the 20-day EMA, valued at $3, meeting short-term buyers’ goals. However, the price failed to surge above $3.6, resulting in a minor correction.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/5FVEm9TrAYqvH8wOCW2iy6l2M8OsNwEZbiUcu9mQvjDPxJ_nhklGPtKmVi5y6zDYbIT96CCQGicqmb9YVgQzJfSstPxpWDB9Jh5X4lR3HjLQBbbz4kQMDRUef0k9dCqzMignkarRFMbyDtd1jD61ZPA" alt="">
</figure> 
<p>Bears are currently attempting to send the price toward its breakout point. As a result, the WIF price might retest buyers’ patience at $2.8 again. If buyers fail to hold the price, WIF price might decline further and consolidate around $2.2. On the other hand, a push above $3.5-$4 might strengthen WIF bulls.</p>

Solana Memecoin Bull Run Begins: Bonk, Pepe And dogwifhat Record Nearly 40% Gain

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