DOGE eyes $4 as Bonk and a new coin’s recent breakout hint at potential future trends
The post DOGE eyes $4 as Bonk and a new coin’s recent breakout hint at potential future trends appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin and BONK soar amid a crypto surge, while viral meme coin Cutoshi gains traction, boosting community confidence. With the recent surge in the broader crypto market, Dogecoin showed an excellent price rally. Along with DOGE, BONK has also given massive returns with a similar rally. Meanwhile, the new meme coin, Cutoshi, is going viral on X (Twitter), showing impressive growth in the meme coin community and their increasing confidence in the project. Is Dogecoin preparing for another rally? During the recent rally, the Dogecoin price surged by over 100% within a week, breaking the three-year high effortlessly. However, Dogecoin reached a critical trendline formed by joining the two peaks it created in March 2024 and faced considerable rejection. Since then, the demand for Dogecoin has decreased significantly and the price action has been consolidated since the previous week. Dogecoin has faced a 2.2% drop in the last 24 hours and trades at $0.384. The Relative Strength Index is now at 74, which reached 92 with the rally, has been declining steadily and Dogecoin is coming out of the overbought region. The price correction may soon be over and if Dogecoin can break above the immediate resistance trendline, the resulting demand may take it on another massive rally. Bonk rides price rally to new all-time high After breaking out of a four-month-long downtrend, BONK was stuck inside a narrow range throughout October 2024. However, a massive demand helped it break through the $0.00002474 resistance level two weeks ago. Since then, BONK rallied over 130%, reaching a new all-time high of $0.00005916 yesterday. Compared to the previous week, the momentum in the BONK price rally has decreased as the price…
Filed under: News - @ November 22, 2024 5:20 pm