The latest addition to the meme coin family, BONK, experienced a significant price surge recently, soaring over 30% and reaching an intra-month high. This has sparked questions about whether other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE will follow in its footsteps.
Based on Solana, BONK’s value has seen a dramatic rise over the last three days, fueling heightened interest among cryptocurrency enthusiasts. The upwards shift came after BONK broke out from a downward-moving triangle on 9th February, dramatically increasing in market value. With recent projections indicating an additional 23.50% increase, BONK’s price ascent may not be at its end yet.
In contrast, Dogecoin, an early player in the meme coin scene, has exhibited a more static trend. After trading within a parallel channel since the start of the year, DOGE now sits at a crucial point. Depending on whether it breaks through resistance or dips back, it could either ascend around 6.58% or face a slight decline.
Also in the spotlight is Shiba Inu, which recently made headlines by breaking out of a downward-moving channel. This suggests a possible 20.56% increase, potentially pushing SHIB to even greater heights. With a decent increment already recorded since this breakout, further growth is anticipated.
Lastly, the less renowned PEPE has shown strong bullish signals and may be on track for significant growth. If it breakthroughs the head-and-shoulders pattern it appears to be following, a whopping 63% rally could be triggered, sending PEPE soaring to new levels.
With all eyes on the crypto market, BONK’s surge has set high expectations for DOGE, SHIB, and PEPE. Whether BONK’s rally is indicative of a wider upward trend among other meme coins or simply stands alone remains to be seen.