Bitcoin‘s price stabilized around $45,700 on the first day of the year, with volatility remaining low, but an expected increase in activity is on the horizon due to ETF news and macroeconomic developments. The exciting aspect is the potential gains for those who position themselves correctly during volatile periods. The question arises, what are the expectations for meme coins?
DOGE bulls, unable to surpass the resistance of a previously shared channel, are now struggling to maintain the base support level at $0.088. An early hint of an ETF approval could push prices to peaks of $0.098 and $0.106, with potential spikes up to $0.114. Conversely, a loss of support could lead to a decline to $0.071.
Shiba Coin is fluctuating within a similar parallel channel but is closer to its resistance. A positive announcement could propel the price over the $0.00001146 barrier, potentially reaching $0.00001583. A weekly close above this level may trigger a stronger demand wave aiming for the all-time high. On the downside, a drop to $0.00000910 and $0.00000766 wouldn’t be surprising.
BONK Coin has suffered a 63% loss over 17 days. The increase in investors aiming to get rich with lower market cap meme coins has dampened the enthusiasm for BONK Coin. Closures below $0.0000136 are not favorable, increasing the risk of a fall to the $0.0000096652 area. However, at the time of writing, it still held the position of the third-largest meme coin.
PEPE Coin provided motivation for investors emerging from a bear market, experiencing an impressive rally while the cumulative volume dropped to $17 billion daily. Following a Binance listing, the price peaked as expected but suffered significant losses due to internal team conflicts. PEPE Coin is now fighting to maintain the $0.00000126 support level. If it can overcome the $0.00000149 level again, a new period of double-digit gains could begin. In a bearish scenario, the targets are $0.00000113 and $0.00000092.
