The current crypto market correction is still in force. However, it has been bringing prices down since Monday. The indications are that this could soon be about to change. $DOGE, $PEPE, and $BONK may have found bottoms. Will these memecoins be among the first to rally when the market changes? $DOGE 70% rally about to reignite? Source: TradingView $DOGE has been on an absolute tear since breaking beyond a downtrend that first began back in December 2024. A 70% rise came to an end on Monday as the price fell back more than 22%. However, some longer candle wicks to the downside are perhaps suggesting that that a bottom has been reached. If there is any more downside, there is good support starting at $0.21, plus there is an ascending trendline just above this. At the bottom of the chart, the Stochastic RSI has the indicators at the low, and they are rising again after a recent failed attempt. Source: TradingView The weekly chart for $DOGE looks quite promising. Higher highs and higher lows have been made. This latest correction has resulted in the price coming back to test the horizontal support at $0.23. It looks like the rally beyond the descending trendline is going to continue. $PEPE is finding support - rally to come Source: TradingView The 4-hour chart for $PEPE shows that after the price escaped out of the descending channel, it then formed an ascending channel. This latest market correction has forced the price out of the bottom of this channel, and it is currently resting on horizontal support at $0.000012. That said, the measured move out of the channel could take the price close to the $0.0000114 horizontal support if it should fully play out. Source: TradingView The weekly view for $PEPE gives the impression that the $0.000012 horizontal support is continuing to hold strong. If the bulls can engineer a bounce from here, and take out the local high at $0.000016, then $0.000018 followed by the all-time high, would be the next targets. $BONK one of the few cryptos in the green Source: TradingView In a sea of red, $BONK is one of the only altcoins to be in the green on Thursday. As can be seen in the weekly chart above, the $BONK price is maintaining above the support at $0.000032. Once the market changes back to positive, $BONK may get back to the $0.000039 resistance. If the bulls can break this, and confirm above, the all-time high would be attainable. However, the indicators for the Stochastic RSI are at the top. They will need to bounce around and stay above the 80.00 level. This is a good possibility. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
