Cryptocurrency

Satoshi

Memecoin

Resistance

<p>Cryptocurrency markets are continuously shifting, and <a href="https://captainaltcoin.com/dogecoins-resilience-redefines-crypto-are-memecoins-becoming-a-legitimate-asset-class-experts-highlight-these-doge-metrics/" target="_blank" rel="noopener noreferrer nofollow">memecoins</a> often represent the most volatile and intriguing segment. Stoic, a notable cryptocurrency analyst on X, has shared his technical evaluations of two such coins, BONK and PEPE, providing insights that might help predict their near-term movements.</p>
<h2 class="wp-block-heading" id="strong-technical-perspective-on-bonk-strong"><strong>Technical Perspective on BONK</strong></h2>
<p>In his detailed analysis of the BONKUSDT trading pair, Stoic <a href="https://x.com/Stoiiic/status/1785818673246314581" target="_blank" rel="noopener noreferrer nofollow">focuses</a> on a 4-hour chart where BONK shows signs of testing critical technical levels. The coin is currently holding above the yearly volume-weighted average price (yvwap), a positive sign for supporters.&nbsp;</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="437" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-1024x437.png" alt="" class="wp-image-485194" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-1024x437.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-300x128.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-767x327.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-1536x655.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-2048x873.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-352x150.png 352w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-821x350.png 821w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-30-788x336.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-30.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>However, BONK faces a formidable challenge at the point of control, a resistance level that could dictate the future direction of its price movement. A break above this level could signal a strong bullish momentum, whereas failure to surpass could see the coin retreating to lower supports.</p>
<p>In addition to the resistance near the .35 mark, Stoic advises traders to monitor BONK’s ability to sustain support above the lower value area (VAL) of its trading range. The stability of <a href="https://captainaltcoin.com/memecoins-on-the-move-bonk-surges-as-dogwifhat-wif-hints-at-potential-breakout-key-indicators-to-watch/" target="_blank" rel="noopener noreferrer nofollow">BONK</a> above this level could affirm the coin’s strength, potentially making it an attractive opportunity for buyers looking for an entry point before a possible price ascent.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-insights-into-pepe-s-market-behavior-strong"><strong>Insights into PEPE’s Market Behavior</strong></h2>
<p>Shifting the focus to PEPE, Stoic <a href="https://x.com/Stoiiic/status/1785824979797553343" target="_blank" rel="noopener noreferrer nofollow">identifies</a> a potentially bullish “cup and handle” formation on the 4-hour chart, indicative of a possible upcoming price increase. This pattern is noteworthy because it typically signals a continuation of an uptrend after a brief consolidation. The handle portion of the formation, currently forming, represents a slight downward drift, which should ideally conclude with an upward breakout as the pattern completes.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="439" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-1024x439.png" alt="" class="wp-image-485186" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-1024x439.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-300x129.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-767x329.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-1536x659.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-2048x878.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-350x150.png 350w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-816x350.png 816w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-29-788x337.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-29.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Stoic highlights the importance of the 2-month range’s point of control (PoC) for PEPE, suggesting that a flip of this level accompanied by sustained momentum could lead to significant price action. Traders should be cautious of an initial rejection at this critical volume level but recognize that reclaiming it could propel PEPE to higher valuations. Accordingly, strategic entries and stop-loss placements just below the handle can manage risks while capitalizing on the potential uptrend.</p>
<p>Both BONK and <a href="https://captainaltcoin.com/heres-why-pepe-outpaced-wif-shib-and-other-top-meme-coins-last-week/" target="_blank" rel="noopener noreferrer nofollow">PEPE</a> present opportunities within the memecoin market, each at pivotal points according to Stoic’s technical analysis. For BONK, the key is breaking and holding above its current resistance, while for PEPE, completing the cup and handle pattern could mean a bullish future.&nbsp;</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/memecoin-watch-bonk-nears-key-resistance-potential-breakout-pepes-pattern-signals-uptrend/" rel="noopener noreferrer nofollow">Memecoin Watch: BONK Nears Key Resistance – Potential Breakout? PEPE’s Pattern Signals Uptrend</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Memecoin Watch: BONK Nears Key Resistance – Potential Breakout? PEPE’s Pattern Signals Uptrend

Table of Contents

CaptainAltcoin

Muita 2. toukok. 2024 julkaistuja artikkeleja

AI predicts Ethereum price for May 31, 2024

FXSpotStream Skyrockets with $92 Billion Daily FX Volume: A New Milestone in Crypto Trading (BTC,...

Cryptocurrency Mantle Rises More Than 11% In 24 hours

Jack Dorsey’s Block is ‘DCA’ing’ into Bitcoin every month

US Courts Sentenced REvil Ransomware Mastermind for $700 Million Extortion

AXL Cryptocurrency Sees Strong 24-Hour Surge

Join our free newsletter for daily crypto updates!