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<p>The cryptocurrency market is witnessing a surge in <a href="https://captainaltcoin.com/pepe-and-dogecoin-doge-to-spike-over-100-one-last-bullish-trigger-remains-for-the-two-memecoins/" target="_blank" rel="noopener noreferrer nofollow">memecoins</a> with BONK and dogwifhat (WIF) grabbing attention for their promising technical setups. Analysts benjamin and Sjuul from AltCryptoGems have shared their insights, highlighting the potential for these assets to continue their upward trajectory.</p>
<h2 class="wp-block-heading" id="strong-bonk-a-cup-and-handle-breakout-strong"><strong>BONK: A Cup and Handle Breakout</strong></h2>
<p>According to Sjuul from AltCryptoGems, BONK has been on an absolute tear since its cup and handle pattern breakout. “BONK absolute sending! Since the cup &amp; handle breakout is up only. 40% up and still going. Congrats if you took the call with me,” Sjuul <a href="https://x.com/AltCryptoGems/status/1783561613267857553" target="_blank" rel="noopener noreferrer nofollow">tweeted</a>.</p>
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<p>The cup and handle pattern is a bullish technical formation that signals a potential continuation of an uptrend. Consequently, BONK’s successful breakout from this pattern suggests that the cryptocurrency could continue its upward momentum.</p>
<p>CoinMarketCap data confirms BONK’s performance, with the asset trading at <a href="https://coinmarketcap.com/currencies/bonk1/" target="_blank" rel="noopener noreferrer nofollow">$0.000026</a> and up 10.61% in the last 24 hours. This significant price increase aligns with Sjuul’s analysis, reinforcing the potential for further gains.</p>
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<h2 class="wp-block-heading" id="strong-wif-an-inverse-head-and-shoulders-formation-strong"><strong>WIF: An Inverse Head and Shoulders Formation</strong></h2>
<p>benjamin, another crypto analyst, <a href="https://x.com/benjaminxbt/status/1783447014400745883" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> the promising chart setup for WIF. “WIF $WIF has formed a perfect chart, showing a descending trendline that it’s following closely. Additionally, it has formed an Inverse Head and Shoulders pattern simultaneously. If it breaks the resistance and holds above it, it will attempt to retest the ATH and potentially reach a new ATH,” benjamin stated</p>
<p><img decoding="async" src="https://lh7-us.googleusercontent.com/h7-Zd45x4yiikxu7jo0Pt-YdqAfOGaRSYq321dmnqiCuEV22tG8G4PapV6uzImHuoDchUu9gZBbdElybI8NKnPNwaNgrmJYvMXXxooo5PesJEskOjmTATZkr3PJQDF2I75V2KMUOyKLBEvSZ5lbDR3A" style="width: 100%;">.</p>
<p>The Inverse Head and Shoulders pattern is a bullish reversal pattern that signals a potential trend reversal from a downtrend to an uptrend. Moreover, benjamin noted that <a href="https://captainaltcoin.com/why-dogwifhats-wif-is-a-better-investment-than-bonk-multiple-red-flags-reveals/" target="_blank" rel="noopener noreferrer nofollow">WIF</a> has formed this pattern while following a descending trendline closely, adding to the significance of the setup.</p>
<p>According to CoinMarketCap, WIF, is currently trading at <a href="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="noopener noreferrer nofollow">$3.04</a> and is up 5.34% in the last 24 hours. If WIF breaks through the resistance level and holds above it, as benjamin suggested, the asset could potentially retest its all-time high or even reach a new ATH.</p>
<p>The analyses provided by benjamin and Sjuul suggest potential bullish trends for the memecoins WIF and BONK. While WIF exhibits an Inverse Head and Shoulders pattern hinting at a potential breakout and retest of its ATH, BONK has already experienced a significant surge following a cup and handle breakout.</p>
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<p>The post <a href="https://captainaltcoin.com/memecoins-on-the-move-bonk-surges-as-dogwifhat-wif-hints-at-potential-breakout-key-indicators-to-watch/" rel="noopener noreferrer nofollow">Memecoins on the Move: BONK Surges as dogwifhat (WIF) Hints at Potential Breakout – Key Indicators to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Memecoins on the Move: BONK Surges as dogwifhat (WIF) Hints at Potential Breakout – Key Indicators to Watch

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