Shift

Satoshi

Sherpa

POPCAT

Coin

<p>Analysts CryptoBusy and Altcoin Sherpa have shared their insights on BONK and POPCAT <a href="https://captainaltcoin.com/bonk-and-floki-meme-coins-set-for-surge-if-key-price-levels-break-what-to-watch/" target="_blank" rel="noopener noreferrer nofollow">meme coins</a>. Both analysts provide crucial updates on the current trends and potential future movements of these meme tokens, emphasizing the importance of critical levels and chart patterns.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-bonk-tests-trendline-support-amid-bearish-divergence-strong"><strong>BONK Tests Trendline Support Amid Bearish Divergence</strong></h2>
<p>CryptoBusy’s lchart update for BONK highlights a crucial moment for the Solana <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin. The analyst notes that BONK is holding onto its trendline support. However, a bearish divergence has emerged, signaling potential weakness in the uptrend.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> Chart update:<br><br>Holding into the trendline support.<br>But with bearish divergence.<br><br>Wait for a potential bounce from the white trendline or a possible breakdown from the support. <a href="https://t.co/Oy0sPLCeKH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Oy0sPLCeKH</a></p>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1815963834819174483?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 24, 2024</a>
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<p>Cryptobusy advises to wait for a potential bounce from the white trendline on the BONK chart. Moreover, he also warns of a possible breakdown from the support. This guidance hints at the importance of the current price level for BONK’s short-term trajectory.</p>
<p>The BONK chart displays a clear upward trend with the price testing a critical ascending trendline. This trendline has served as a support level multiple times in the past. Additionally, a double top pattern is visible, suggesting potential downward momentum if the support fails to hold.</p>
<p>A bounce from the trendline could signal further uptrend. Conversely, a break below this support might lead to more declines. The bearish divergence observed by CryptoBusy adds another layer of caution for BONK enthusiasts.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/ethena-wakes-up-following-eth-etfs-heres-where-the-ena-price-is-headed-next/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Ethena “Wakes Up” Following ETH ETFs – Here’s Where the ENA Price is Headed Next</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-popcat-faces-critical-juncture-as-cat-memes-seek-momentum-strong"><strong>POPCAT Faces Critical Juncture as Cat Memes Seek Momentum</strong></h2>
<p>Turning to another meme coin, Altcoin Sherpa <a href="https://x.com/AltcoinSherpa/status/1815921155200430213" target="_blank" rel="noopener noreferrer nofollow">shares an analysis of POPCAT’s market</a> position. The analyst maintains a bullish outlook but warns of potential risks that could impact the entire cat-themed meme coin sector.</p>
<p><em>“I think [POPCAT] looks decent still but would be concerned if this prints a lower high/shoulder,”</em> Altcoin Sherpa states. This observation highlights the delicate balance POPCAT currently faces in the market.</p>
<p>The POPCAT chart reveals a bullish trend supported by multiple moving averages. The price trades just above the 50 EMA, indicating a positive mid-term trend. However, it remains below the 21 EMA, suggesting short-term bearish pressure.</p>
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<p>Altcoin Sherpa’s analysis points to a critical juncture for POPCAT and related cat meme coins. A lower high or shoulder formation could trigger a sell-off, potentially affecting the entire cat-themed meme coin market. Despite this risk, the analyst remains optimistic about cat memes catching up in performance.</p>
<p>The projected price path on the POPCAT chart suggests a possible short-term bullish move towards the 21 EMA. However, traders should watch for any subsequent decline, which could confirm bearish sentiment. Volume analysis further supports a cautious stance, with stable but unremarkable trading activity.</p>
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<p>The post <a href="https://captainaltcoin.com/bonk-and-popcat-price-analysis-meme-coin-charts-signal-potential-market-shift/" rel="noopener noreferrer nofollow">BONK and POPCAT Price Analysis: Meme Coin Charts Signal Potential Market Shift</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

BONK and POPCAT Price Analysis: Meme Coin Charts Signal Potential Market Shift

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