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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/meme-coins-show-signs-of-recovery-amidst-market-fluctuations/" data-wpel-link="internal">Meme Coins Show Signs of Recovery Amidst Market Fluctuations</a><br></p>
<p style="text-align: justify">Meme coins seem to have found a recovery environment after a prolonged decline. Leading the pack, Dogecoin (DOGE), along with its closest rival Shiba Inu (SHIB), and two frequently mentioned Solana-based tokens, BONK and WIF, have continued their ascent, accompanying <a href="https://en.coin-turk.com/the-current-state-of-long-positions-in-bitcoin/" data-wpel-link="internal">Bitcoin</a>‘s recovery.</p> 
<h2 style="text-align: justify" id="how-much-is-dogecoin-worth-now">How Much is Dogecoin Worth Now?</h2> 
<p style="text-align: justify">After days of decline, DOGE’s price has seen an increase of over 2% in the last 24 hours, pleasing its investors. Despite the price increase, it may be too early to consider a mid-term rise due to the market’s weak structure.</p> 
<p style="text-align: justify">If bulls can possibly push the price above the critical resistance area of $0.08, traders might see the price settle in a horizontal trading zone between $0.080 and $0.085 before the weekend. DOGE is currently finding buyers at the $0.080 level as of this writing.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-306998" src="https://coin-turk.com/wp-content/uploads/2024/01/doge-1-dolar.png" alt="" width="1780" height="959"></p> 
<h2 style="text-align: justify" id="is-shib-s-price-rising">Is SHIB’s Price Rising?</h2> 
<p style="text-align: justify">On the other hand, DOGE’s biggest competitor, SHIB, experienced a price increase of 1.58%, which was below expectations.</p> 
<p style="text-align: justify">Upon examination of their history, SHIB appears to be showing a similar price movement to DOGE technically, looking like it’s consolidating within a certain range after its decline.</p> 
<p style="text-align: justify">With no clear direction yet, a consolidation scenario within the range of $0.00000860 to $0.00000940 in the next few days seems more likely for investors. SHIB’s price was trading at $0.00000882 at the time of writing.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-306999" src="https://coin-turk.com/wp-content/uploads/2024/01/shiba-inu-1-dolar.png" alt="" width="1780" height="959"></p> 
<h2 style="text-align: justify" id="bonk-s-comeback">BONK’s Comeback</h2> 
<p style="text-align: justify">BONK had hosted incredible rises in the past, influenced by the “Solana Saga Phone”. After a sharp decline, BONK performed much better than DOGE and SHIB today, with a price increase of 6.87%.</p> 
<p style="text-align: justify">Upon examining the 4-hour BONK chart, the meme coin’s price seemed to have recovered despite dropping to the $0.000009246 support. If the upward movement continues, a move to the $0.000012 region could be expected. BONK is currently finding buyers at $0.00001087 as of this writing.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-306997" src="https://coin-turk.com/wp-content/uploads/2024/01/bonk-yukselir-mi.png" alt="" width="1780" height="959"></p> 
<h2 style="text-align: justify" id="solana-s-new-meme-coin-wif">Solana’s New Meme Coin WIF</h2> 
<p style="text-align: justify">Following BONK on the Solana network, WIF has started to be frequently mentioned and became the star of the meme coin segment today with a 50% increase, becoming the biggest gainer.</p> 
<p style="text-align: justify">Despite the recent price performance, WIF still seems far from its peak that emerged in the past days. Considering this, investors might think WIF has a long way to go.</p> 
<p style="text-align: justify">Taking the market structure into account, it might likely move in a horizontal zone between $0.30 and $0.35 in the next few days. WIF was trading at $0.3360 at the time of writing.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-306996" src="https://coin-turk.com/wp-content/uploads/2024/01/wif-kac-dolar.png" alt="" width="1780" height="959"></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/meme-coins-show-signs-of-recovery-amidst-market-fluctuations/" data-wpel-link="internal">Meme Coins Show Signs of Recovery Amidst Market Fluctuations</a></h5>

Meme Coins Show Signs of Recovery Amidst Market Fluctuations

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