Memecoins
dogwifhat (WIF) and BOME prices rise as Memecoins consolidate
The recent recovery appears to have dried up buying volume to some extent as markets have consolidated within a narrow range. Additionally, memecoins like Pepe, FLOKI, Bonk, etc. they have shown decent growth and are also tracking the leading tokens. Amid the growing bearish influence, dogwifhat (WIF) prices maintained an ascending trend, followed by BOOK OF MEME (BOME).
dogwifhat (WIF) Price Analysis
Since the token-initiated trade, the bulls have maintained a tight grip on the rally dogwifche price has maintained an upward trend. Although the price has faced some bearish challenges, the latest rally has lifted the levels above the trend. Therefore, the WIF price is now believed to start a new upward trend to reach $3.35 soon.
WIF price has been trading inside a decisive triangle and has reached the pinnacle of consolidation. The MACD is close to starting a bullish crossover and entering the positive range, while the RSI continues to oscillate around the average range. This suggests that another influx of bullish volume could push the price towards the local resistance level between $3.27 and $3.56. If the bulls manage to reach and stay within the zone, the price could begin a new recovery until reaching new highs above $5.
BOOK OF MEME (BOME) Price Analysis
The BOME price seems to have resisted the bearish pressure to a large extent. The price was trading along the lower trend line and the latest rally lifted the levels above the local high of $0.012681. Although selling pressure has increased slightly, bulls seem confident of triggering a new bullish period.
Considering the technical perspective, the RSI is trading along the lower trend line and is approaching the upper threshold. Furthermore, the supertrend has just turned bullish, which suggests that the trend has just shifted bullish. Therefore, BOME price is expected to maintain a healthy recovery and reach the next target of $0.015 in the next few days.