• BONK is overbought, suggesting that the worth might fall beneath $0.000020.
• AO on the SHIB chart exhibits upward momentum and predicts an increase to $0.000032.
• PEPE worth could fall, however DOGE extension to $0.24 could possibly be legitimate.

After going through an prolonged drawdown season, the meme coin seems to be again and doing higher as its worth has skyrocketed prior to now 24 hours. In keeping with CoinMarketCap, Bonk (BONK) has soared an unbelievable 39.99% prior to now day.

This enhance brings the worth to $0.000021. Shiba Inu (SHIB) adopted with 17.50% and reached $0.000027, as initially predicted by Coin Version. Pepe (PEPE) rose by 19.72%, whereas Dogecoin (DOGE) noticed a minimal enhance of 5.17%.

BONK

BONK has exited the consolidation part after buying and selling primarily in the identical area since April thirteenth. In the meantime, Bollinger Bands (BB) confirmed elevated volatility centered across the token. Because the band expands, BONK is predicted to expertise vital worth fluctuations.

Nonetheless, the higher band of BB is touching the token at $0.000021, indicating that it’s overbought. That is additionally supported by his Relative Power Index (RSI), which on the time of writing was 82.56.

Due to this fact, BONK could expertise a big retracement. In a really bearish case, the worth of the token might drop to $0.000015. Nonetheless, if the bulls can maintain this momentum, the worth might enter the resistance stage at $0.000024.

Shiba Inu (SHIB)

Chaikin Cash Circulate (CMF) on the 4-hour SHIB/USD chart confirmed the same sign to BONK. On the time of writing, the CMF was 0.25, indicating that the token had constructive cash circulate.

Nonetheless, the studying was above 0.20, suggesting that SHIB is overbought. Due to this fact, SHIB could expertise a retracement and the worth could return to $0.000023. Nonetheless, the Superior Oscillator (AO) was constructive and the inexperienced histogram bar was rising.

If SHIB bulls keep their momentum, the token worth might rise to $0.000030. If that is so, the meme coin could possibly be poised to revisit $0.000032.

Pepe (Pepe)

PEPE was in a position to regain $0.0000061 with out seeing any resistance. If this upward pattern continues, the worth of the token might rise and skyrocket to $0.0000067.

Nonetheless, the 20 EMA (blue) on the 4-hour chart is beneath the 50 EMA (yellow), suggesting that the bullish pattern is but to be verified. Nonetheless, with PEPE rising above the EMA, the bulls might stop a worth reversal.

However, if merchants resolve to e book among the latest features, PEPE worth might fall to $0.0000052 within the quick time period.

Dogecoin (DOGE)

On the time of writing, the worth of DOGE is $0.16, and the MACD means that the worth could rise additional. From the chart beneath, the MACD is constructive, suggesting that the coin is more likely to proceed consolidating its latest bullish momentum.

On this case, DOGE worth might rise to $0.18. Nonetheless, merchants could have to be careful for bearish motion that might halt the uptrend.

Moreover, the Fibonacci extension indicated that DOGE might rise additional except the worth undergoes a big correction. On this case, the worth of the cryptocurrency might rise to $0.24 inside just a few months.