Memecoins have been probably the most fascinating features of the crypto market. The highest memecoins like Dogecoin, Shiba Inu, and Pepe have been struggling laborious to carry above the good points, whereas the newly launched token, BONK, displayed a monstrous rally. Now that the BONK value can be consolidating, how will they carry out in 2024?

Dogecoin (DOGE)

• The DOGE value broke out from a multi-year descending triangle, which is taken into account bearish.

• Nonetheless, the worth triggered a bullish rebound and ranged excessive to check the higher resistance at $.105 however didn’t maintain

• At present, the worth is going through some bearish warmth, however the bulls are equally competing with the bears from the previous week

• Subsequently, the Dogecoin value may pull down a little bit following a powerful rebound, regaining ranges above $0.1 very quickly

Shiba Inu (SHIB)

• The SHIB value has managed to rebound with important power every time it marked the underside beneath $0.000007

• With this, the token has accomplished forming a double-bottom sample as the worth is testing the neckline

• The amount additionally has raised with an honest margin, which suggests the volatility might also rise to some extent

• Subsequently, after consolidating alongside the neckline for some time, the Shiba Inu value is believed to surge and attain the pivotal resistance at $0.000029

Pepe (PEPE)

• The PEPE value is buying and selling inside a rising wedge and presently testing the decrease assist, displaying the next chance of a bearish continuation

• The promoting quantity has soared closely, as a result of which the bulls are discovering it extraordinarily tough to maintain above-average good points

• In addition to, the RSI is impartial however seems to be lenient in direction of the south, suggesting the worth might break down the decrease assist

• With this, the Pepe value might check the decrease assist at $0.00000103 if the bearish pattern continues and triggers a wholesome rebound, reclaiming the misplaced ranges near $0.000002.