The post Meme Coin Prices Pump as Official Trump, dogwifhat, BTC Bull Token Post Gains appeared on BitcoinEthereumNews.com.

Although Bitcoin and Ethereum are continuing to chop up the crypto traders attempting to squeeze profits from minor price moves, the meme coin market seems to be rebounding. Following a slow slide from a total market value of $137 billion in December to $67 billion this February, meme coins are now benefiting from a cumulative 10% boost. This has enabled tokens like Official Trump ($TRUMP) and dogwifhat ($WIF) to post significantly higher gains, backed up by bullish technical analysis patterns. At the same time, a unique new meme coin – BTC Bull Token ($BTCBULL) – has entered the picture, with an ICO that some investors are rotating their profits into. TRUMP and WIF Break Out of Classic Chart Patterns Within financial markets of all kinds, technical analysts have established a huge range of ways to anticipate significant price movements. When volatility is high (as it always is in crypto), chart patterns consistently prove themselves as highly reliable options. As we’ll discover when analyzing TRUMP and WIF, meme coin traders are especially fond of simple and easy-to-follow analysis. For TRUMP (a coin that has managed to sustain its key support around $14), this week’s bullish meme coin market conditions have set up a descending triangle pattern that TRUMP’s price successfully broke through today. Loyal holders have been rewarded with a boost of approximately 20% so far, including a push above the $20 level: Since this chart is tracking the price’s progression in 4-hour intervals, the following days will determine how far TRUMP can surge beyond this point. Another dip towards $14 could be on the cards – but so could an extended bullish move, which is not uncommon in the world of meme coins. As long as Donald Trump himself remains a solid supporter of the Web3 industry, TRUMP will continue…

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Filed under: News - @ February 14, 2025 9:15 pm