BRETT & BONK Lead the Rally While DOGE & SHIB Consolidate—Here’s What’s Next for the Memecoin Mania!
Bitcoin broke through a new ATH of $94,000 not too long ago but failed to ignite the entire crypto market. This may be due to Bitcoin’s rising dominance. Although the sell-off continues and Bitcoin price has dropped to $92,500, some altcoins have been battling bearish activity. Memecoins such as Brett (BRETT) and Bonk (BONK) have been leading the rally since the early trading session and are expected to maintain their upward trend in the long term.
BONK (BONK) Price Analysis
Memecoin Bonk has recorded heavy buying volumes over the past few days, which has helped the coin print a large number of green candles. Growing market sentiment helped bulls keep the gains firmly in check, even as bears attempted to gain some dominance. Now that the coin is leading the top gainers, it will be interesting to see if bank price The bullish trend is maintained amid heightened bearish activity.
As seen in the chart above, BONK price rebounded to hit new highs at $0.00005916, which attracted bearish activity, but the bulls managed to sustain gains above $0.000055. Bonk’s DAO’s recent rounds of burning 1 trillion tokens may have boosted the rally. Coupled with the golden cross, growth is likely to continue and reach the 1.2 FIB at $0.00005817, which could serve as a solid base for further price action towards higher targets above $0.000007.
BRETT Price Analysis
After recent price action, brett price It is just an inch away from the high of $0.19 and just 9% away from the current level of $0.17. Rising market sentiment suggests that the price will break out to new highs above $0.2 in the near future, which could attract significant bearish action for some time.
Once the price regains levels above the uptrend line, bulls will trigger a strong bull run. Although they appear to be lacking strength as the coin failed to form new ATH, the momentum remains favorable, indicating that a new breakout may be around the corner. Meanwhile, DMI’s +Di shows bearish divergence, but OBV remains elevated. Therefore, BRETT price is likely to hit the support zone around $0.15 and trigger a further surge above $0.2.
