DOGE vs. BONK: Meme Coin Rivals Diverge in Wild Market Showdown
Meme coin mania takes a twist as Dogecoin and Bonk stage a crypto cage match—one’s punching up while the other taps out.
The meme economy strikes again
DOGE flexes its first-mover advantage with double-digit gains, while Solana’s BONK token stumbles—proof that even joke assets aren’t immune to brutal Darwinism. Retail traders pile into the circus, because who needs fundamentals when you’ve got Elon Musk tweets and dog memes?
When volatility is the feature, not the bug
These assets move like over-caffeinated kangaroos, yet somehow still outperform most hedge funds this quarter. The real winner? Exchanges collecting fees while degens play hot potato with speculative tokens.
Remember: in crypto, the ‘utility’ is often just finding a greater fool before the music stops.
$0.174525 surged by 3.9% to reach $0.173, driven by optimism over anticipated ETF approvals for Solana
$154 and XRP. Conversely, BONK witnessed a 7.2% decline, dropping to $0.000021 and partly retracting its recent gains. Meanwhile, the memecoin market saw shiba inu and Pepe experiencing gains, climbing to $0.0000131 and $0.0000102 respectively. Market factors include ETF expectations, technical formations, whale movements, and profit-taking activities.
ContentsRebound in Dogecoin ConfidenceShiba Inu and Pepe Attract Renewed Interest
Rebound in Dogecoin Confidence
Dogecoin investors regained confidence amid reports suggesting that the U.S. Securities and Exchange Commission is working on a phased ETF approval model. While altcoins like XRP and Solana are expected to receive priority approval, dogecoin is speculated to be included due to the “criteria-based approval” narrative. This anticipation pushed the price above the 7-day and 30-day moving averages. CoinMarketCap data shows that the Relative Strength Index (RSI) hovers near 50, as DOGE tests the $0.174 Fibonacci resistance. Successful navigation of this could set Dogecoin’s sights on $0.20.
During the same period, BONK investors opted for profit-taking after recent strong gains. The altcoin, climbing 46% in one week following increased supply via LetsBONK, saw daily RSI edge towards 70, triggering selling pressure. The trading volume reduction by 45% signals waning upward momentum, focusing attention on Fib 23.6 support at $0.00002087. A daily close below this could deepen the decline.
Shiba Inu and Pepe Attract Renewed Interest
Shiba Inu broke above its multi-week downward trendline at $0.00001280, signaling a technical micro-breakthrough. Supporting the price were the positive MACD crossover and the burning of over 1 billion SHIB coins, reducing circulation. Major wallets hold 61.53% of the total supply, while open interest in derivative products grew by $18.6 million in 24 hours. This setup has investors eyeing the 38.2 Fib resistance of $0.00001322 short-term.
Pepe’s upward movement was driven by chart formations, with the reemergence of a bull flag pattern previously boosting the price tenfold. The formational flagpole’s upper edge at $0.00001050 approaches a breakout, with the RSI neutral at 50 and the MACD histogram staying positive.
Increased holdings by Ethereum
$2,658’s top 500 wallets by 5% over the past month have eased selling pressure on Pepe, supporting its rise. Pepe coin continues to maintain its support at $0.00000947 and is expected to target $0.000015.
