The crypto market, known for its volatility, is perfectly exemplified by the recent fluctuations of popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and the emerging BONK. These digital currencies, reflective of broader market sentiments and investor behaviors, mirror the current state of the cryptocurrency industry and hint at its unpredictable nature.

Despite experiencing dips in their market value recently, partly due to shifting market dynamics and investor reactions, analysts are identifying factors that may signal a promising resurgence for DOGE, SHIB, and BONK in 2024.

The Leading Meme Coin, Dogecoin, Struggles

Dogecoin, the forerunner in the meme coin category, has faced its share of challenges. Its price has declined by over 16% over the past three weeks after failing to break past $0.11.

Amid the market’s downtrend, DOGE has been fighting to maintain its value above the $0.087 support level.

Despite facing selling pressure, the meme coin has the potential to rebound to the $0.15 to $0.20 range. According to technical analyst Big Chonis, Dogecoin is forming a bull flag, which could trigger a “rather quick” move to higher highs.

Meanwhile, an an

Go to Source to See Full Article
Author: Bary Rahma

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details