Memecoins BONK, FARTCOIN, and NOBODY are exhibiting key price movements that may indicate potential trend reversals in the coming days. This article reviews their current levels and dynamics.
BONK: short-term prospects
Memecoin BONK is currently trading around $0.000014 after recently testing the upper boundary of a descending channel. The price is expected to pull back to the support level of $0.000010, which aligns with both the lower boundary of the channel and a significant horizontal support.
If this support level holds and rebounds, it could form the second leg of a large double bottom pattern with the neckline around $0.000025. A confirmed breakout above this neckline may signal a potential trend reversal.
FARTCOIN: heading towards new highs
Fartcoin is currently trading at $1.11 and is showing signs of a bullish reversal after recovering from a low of $0.80. This recovery occurred on higher volume, which validates the pattern and increases the chance of a successful breakout. If the price breaks above the $1.40 neckline, the next immediate resistance is around $1.60.
NOBODY: potential reversal points
Nobody Sausage is currently trading around $0.020, consolidating after an explosive move on June 29 that saw the price surge more than 100%. A slight pullback has occurred, and the price is hovering near the 20-day EMA. A confirmed close above the key descending trendline may indicate the start of a trend reversal.
In the coming days, heightened attention is directed towards memecoins BONK, FARTCOIN, and NOBODY. Their current market behavior may indicate potential growth if key levels are breached.
