Memecoins
Dogwifhat (WIF) and BOME Prices Rise as Memecoins Consolidate
The recent rally appears to have reduced buying volume to some extent, with markets consolidating within a narrow range. Also, memecoins like Pepe, FLOKI, Bonk, etc. have shown decent growth and are also tracking the major tokens. Amid the growing bearish influence, dogwifhat (WIF) prices maintained an upward trend, followed by BOOK OF MEME (BOME).
dogwifhat (WIF) Price Analysis
Since the token-initiated trade, the bulls have kept a tight grip on the rally as the what price for my dog maintained an upward trend. Although the price has been facing bearish challenges, the latest surge has lifted the levels above the trend. Therefore, it is now believed that WIF price will start a new upward trend to reach $3.35 soon.
WIF price is trading in a decisive triangle and has reached the consolidation peak. The MACD is about to initiate a bullish crossover and enter the positive range, while the RSI continues to oscillate around the middle range. This suggests that another influx of bullish volume could propel the price towards the local resistance level between $3.27 and $3.56. If the bulls reach and hold in the zone, then the price could start with a further rise to reach new highs above $5.
BOOK OF MEME (BOME) Price Analysis
The BOME price appears to have resisted the downward pressure to a large extent. The price is trading along the lower trendline and the latest surge lifted levels above the local high $0.012681. Although the selling pressure has increased slightly, the bulls seem confident of triggering a new bullish period.
From a technical perspective, the RSI is trading along the lower trendline and approaching the upper threshold. Furthermore, the supertrend has just turned bullish, which suggests that the trend has just shifted in favor of the upside. Therefore, BOME price is expected to maintain a healthy rise and reach the next target of $0.015 in the coming days.