Date: Mon, Oct 14, 2024, 05:44 AM GMT
The cryptocurrency market is kicking off the week with a strong “UPTOBER” rally, as Bitcoin (BTC) edges closer to the $64K mark with a 1.59% gain today. This bullish momentum has spilled over into altcoins and memecoins, including two popular Solana-based memecoins—Book of Meme (BOME) and Dogwifhat (WIF). While both tokens are riding the wave, BOME stands out with a stronger outlook.
Book of Meme (BOME)
BOME has impressed traders with a 26% rally in the last 24 hours and a total gain of 31% over the past week. On the daily chart, the token recently broke out of a falling wedge pattern, surpassing key resistance at $0.0074.
Now trading at $0.008783, BOME has cleared another crucial resistance level at $0.0083, paving the way for a potential rally toward the next target at $0.01067—which represents a 20% upside from its current price.
Dogwifhat (WIF)
Meanwhile, Dogwifhat (WIF), one of the leading memecoins on Solana, has shown solid recovery. After dipping to $2.22 just two days ago, WIF surged to its current price of $2.81, marking a 27% rebound. The next key resistance to watch is $2.90. If WIF breaks through this level, it could spark a larger rally toward $3.36, offering another 19% gain from current levels.
Why BOME Looks More Bullish Than WIF
BOME’s breakout mirrors a pattern seen in WIF’s previous rally, which drove WIF 40% higher from similar levels. If BOME follows a similar trajectory, it could be poised for even greater gains. With momentum building and the broader market rallying, traders are eyeing BOME’s potential to outperform WIF in the coming days.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.