Let’s continue with another series of meme coins.
DEGEN – Daily timeframe
DEGEN is currently at a support level, but still bearish until it goes above the main support line. The correction can end here, or go onto the next support level at 0.004$.
PEPE – Daily timeframe
PEPE finished its impulse wave and is now corrective, it rejected from the old ATH (support) confluence with the trendline, so right now it’s bullish, but we can expect a bearish move in the future.
FLOKI – Weekly timeframe
Floki moved similarly to PEPE, but the last impulse wave barely did a double top before collapsing. Currently at a support due to the trendline between highs and old low, but below an important resistance. I expect the price to lose the support and go on to the next one.
BONK – Daily timeframe
BONK is in a good place, with support holding for now. We are currently at the first level where the correction can end for wave C, and we may see the price pushing higher from here, if the support holds.
MEW – Daily timeframe
Similarly to BONK, MEW is looking good, if the support holds. We just broke the trendline and we see a good candle going forward, so let’s see if it continues this trend.
COQ – Daily timeframe
COQ is close to the support level, so it’s a lower risk entry, but the current move is still bearish, i’m waiting for it to break the trendline as well.
