The cryptocurrency market is witnessing a recovery of memecoins after significant corrections since the beginning of the year. Two projects, BRETT and BONK, are showing positive trends.
Overall Overview of the Memecoin Market
Last week, memecoins started to show signs of recovery after sharp declines. This is a market adaptation in light of recent changes.
Analysis of BRETT and BONK
BRETT displayed an impressive 92% increase, driven by a technical breakout on lower timeframes. BONK also showed a 52% increase, following a similar chart. Chart analysis reveals that BRETT broke through two key resistance levels, leading to a roughly 46% rise.
Prospects for Further Growth
Currently, BONK is on the verge of a similar breakout. If the current structure holds and momentum accelerates, a rapid move towards the next resistance level is possible.
Thus, BRETT and BONK are among the memecoins that may continue their recovery. However, given the market's volatility, investors should proceed with caution.
