Bonk

dogwifhat

Date: Mon, Nov 11, 2024, 05:27 AM GMTThe crypto market is off to a roaring start this week, maintaining the <a href="https://coinsprobe.com/cardano-ada-goes-parabolic-following-major-developments-is-more-rally-ahead/" rel="noopener noreferrer nofollow">bullish </a>momentum ignited by Donald Trump&#39;s election victory on Nov 5. Since then, Bitcoin (BTC) has been hitting new all-time highs almost daily, with the latest peak at a stunning $81,858.As Bitcoin continues its stellar performance, Solana-based memecoins Dogwifhat (WIF) and Bonk (BONK) have joined in the rally, posting impressive gains after breaking through ley levels.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/132e658e72c24332ba52c68b4e1b1f45.png" />Source: CoinmarketcapLet’s dive into the technical analysis and see what could be next for these popular tokens.<h3 id="dogwifhat-wif">Dogwifhat (WIF)</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/80923b7a5fd84bde98a4ea62b1162656.png" />WIF has surged past the $2.61 breakout level, which was a significant technical resistance point. This breakout occurred after a period of consolidation, where WIF had been trading in a downward channel, often referred to as a descending triangle pattern. This pattern suggests that the price was facing consistent selling pressure, but eventually, momentum shifted, causing the breakout above $2.61.The next resistance level to watch is at $3.58. If WIF continues its bullish trajectory, we could see it challenge this resistance zone. However, a small pullback to retest the $2.90 support level is a typical feature after breakouts, as the price often consolidates before pushing further.<h3 id="bonk-bonk">Bonk (BONK)</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/64c4c2e4d02e4aea93f12abb25b2ad83.png" />Similar to WIF, BONK recently broke above its key breakout level at $0.00002268, which marked the end of a falling wedge pattern. This pattern is often seen as a bullish signal because it shows that the price is consolidating in a narrowing range, with decreasing volatility and volume, before breaking out to the upside. The breakout above $0.00002268 indicates that the selling pressure has eased, and buyers have regained control.BONK is now targeting the resistance levels at $0.00002953 and $0.00003392. The breakout pattern suggests that if momentum continues, BONK could easily make a run towards these levels, particularly if market sentiment remains positive<h3 id="what-to-expect-ahead">What to Expect Ahead?</h3>Both WIF and BONK have recently broken key resistance levels, and with Bitcoin driving market sentiment upward, these tokens could see further gains. While a slight correction or consolidation phase might be expected, the general momentum seems to favor another upward push. As long as Bitcoin’s rally persists, WIF and BONK have a strong chance of reaching their next resistance targets.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/aptos-apt-and-celestia-tia-on-the-brink-of-key-breakouts-what-to-expect-next/" rel="noopener noreferrer nofollow">Aptos (APT) and Celestia (TIA) on the Brink of Key Breakouts: What to Expect Next?</a>

Top Solana Memecoins WIF and BONK Surges Following Key Breakouts: What To Expect Ahead?

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