Is Meme Coin Mania Again: BONK, SHIB, PEPE, DOGE Costs Surge

• BONK was overbought, suggesting that the value may retrace under $0.000020.
• The AO on the SHIB chart indicated an upward momentum whereas predicting an increase to $0.000032.
• PEPE’s worth may expertise a decline however DOGE’s extension to $0.24 might be legitimate.

After going through an prolonged drawdown season, meme cash appear to be again and higher as costs jumped within the final 24 hours. Based on CoinMarketCap, Bonk (BONK) skyrocketed by an unbelievable 39.99% throughout the final day.

This upswing locations its worth at $0.000021. Shiba Inu (SHIB) adopted with a 17.50% and hit $0.000027 as Coin Version initially predicted. Pepe’s (PEPE) rose by 19.72% whereas Dogecoin (DOGE) had a minimal improve of 5.17%.

Bonk (BONK)

BONK broke out of its consolidation part after buying and selling across the identical area since April 13, In the meantime, the Bollinger Bands (BB) confirmed rising volatility across the token. With the widening bands, BONK is anticipated to endure important worth fluctuations.

Nevertheless, the higher band of the BB had touched the token at $0.000021, indicating that it was overbought. This was additionally strengthened by the Relative Energy Index (RSI) which was 82.56 at press time.

Thus, BONK may expertise a notable retracement. In a extremely bearish case, the worth of the token may drop to $0.000015. Nevertheless, if bulls sustain with the momentum, the worth may key into the resistance at $0.000024.

Shiba Inu (SHIB) 

The Chaikin Cash Move (CMF) on the 4-hour SHIB/USD chart displayed indicators much like that of BONK. At press time, the CMF was 0.25, indicating that there was a constructive cash circulation for the token.

However the studying had crossed 0.20, suggesting that SHIB  was overbought. As such, SHIB may expertise a retracement which may ship the value again to $0.000023. Nevertheless, the Superior Oscillator (AO) was constructive, with rising inexperienced histogram bars.

If SHIB bulls preserve the momentum, the value of the token may rise as excessive as $0.000030. Ought to this be the case, the stage might be set for the meme coin to revisit $0.000032.

Pepe (PEPE) 

PEPE has been in a position to reclaim $0.0000061 with no resistance in sight. Sustaining this uptrend may drive the worth of the token larger, and a surge to $0.0000067 is likely to be attainable.

However the 20 EMA (blue) on the 4-hour chart crossed under the 50 EMA (yellow), suggesting that the bullish development has not but been validated. Nevertheless, since PEPE rose above the EMAs, bulls may stop the value from retracing. 

Then again, if merchants determine to e book a number of the current features, PEPE’s worth may drop to $0.0000052 within the quick time period.

Dogecoin (DOGE)

At press time, DOGE’s worth was $0.16 with the MACD suggesting that the value may rise larger. From the chart under, the MACD was constructive, suggesting that the coin may proceed to construct on the current bullish momentum.

Ought to this be the case, the value of DOGE may rally as much as $0.18. Nevertheless, merchants may have to be careful for bearish motion which may halt the uptrend. 

As well as, the Fibonacci extension confirmed that DOGE may climb larger supplied the worth doesn’t endure a major correction. On this occasion, the value of the cryptocurrency may prolong towards $0.24 inside a number of months.