Meme Coins Dogecoin Trump Bonk Show Volatility After US Crypto Summit
1min read Following the US Crypto Summit, the meme coin market is anticipated to experience significant growth, with several tokens emerging as potential drivers. Among the standout meme coins are Dogecoin, Official Trump, and Bonk, each with unique characteristics that could propel them to new heights.
Dogecoin, which has seen a 23% drop over the last month but a 111% increase over the past six months, exhibits volatile price movements. The coin's price has fluctuated between $0.14 and $0.30, with support at $0.09 and resistance at $0.39. The Relative Strength Index (RSI) stands at 37, indicating bearish pressure with low momentum. A breakout above $0.39 could attract bullish interest, targeting the second resistance at $0.54. However, caution is advised due to the uncertain range.
Official Trump, another meme coin, has experienced a 23.79% drop over the month but a 9.25% increase over six months. The coin's price ranges from $7.68 to $21.64, with support at $2.39 and resistance at $30.32. The RSI is at 42.20, showing negative signals from oscillators and indicating a lack of clear bullish momentum. Bears are currently dominant, suggesting traders should approach positions cautiously within these established levels.
Bonk, which has seen a 33% drop in the past month and a 23% decline over six months, reflects a bearish trend. The coin's price stands between $0.00000856 and $0.00002219, with resistance at $0.00003074 and further at $0.00004437, while support holds at $0.00000348. The RSI is at 34.98, with negative oscillators indicating that bears overshadow bulls. Trading within these limits may focus on buying near support levels or shorting at resistance if the downward momentum persists.
DOGE, TRUMP, and BONK show strong potential to influence the market after the US Crypto Summit. Each coin has unique characteristics that attract different types of 