The crypto markets began the weekly trade on a bullish note, with Bitcoin prices hitting $64,000 for the second time this month. Generally, the memecoins jump in action with the rise in the BTC price. However, apart from PEPE, FLOKI, or WIF, GME, BOME & SLERF prices managed to gain the top spot. Here’s what to expect from these memecoins, as the popular ones maintain a slow and steady upswing.
The GameStop prices remained consolidated for the whole month of September, and the bearish start for the month squashed the bullish possibility. However, the first fruitful bullish attempt resulted in a rise above the consolidation around $0.003, while the latest rise pushed the price beyond the crucial range. Now that the bears have begun to extract some profits, here’s what to expect from the GME price rally.
The GME price is stuck within a strong resistance and support zone. The bears are trying hard to push the prices below the average band but as long as the RSI sustains above the ascending trend line, the bullish continuation may remain untouched. Besides, the bulls are accumulating strength after pushing the price above the bearish influence. Therefore, the next bullish wave may elevate the levels close to $0.0065 and sustaining above the range may pave the way to reaching $0.01 by the end of 2024.
The latest upswing in the BOME price rally helped the token to break above the descending triangle that it had stuck in since the start. Moreover, the price also broke above the trend reversal zone between $0.0076 and $0.0080, suggesting a steep rise in the bullish sentiments. The price is trying hard to validate the double-bottom pattern, but a small retracement appears to be imminent before the bullish continuation.
The BOME price surged over the resistance zone and is displaying a huge possibility of reclaiming the pivotal range between $0.01124 and $0.01155. However, a small pullback of $0.0085 could be possible as the volume is now gaining momentum. The OBV triggered a rebound and is rising steadily. Therefore, a rise above the August highs may validate a breakout above the bearish range. Hence, the BOME price is expected to remain elevated for the rest of 2024 and eventually reach above $0.15 by the end.
The SLERF price has surged over 75% from the October lows, suggesting a gigantic action to flow during the second half of the month. After attaining levels above the mid-range, the price is facing some bearish action, but the support at $0.022 is offering a strong base which may prevent a drain below these levels. Therefore, the token remains within a bullish range and is expected to continue until it reaches the target.
The short-term stochastic RSI has entered the upper threshold and the recent rebound suggests it may remain within the range. This indicates the SLERF price to maintain a strong ascending trend and reach the barrier at $0.2523. A rise above this range may validate the beginning of a strong bull run to form a new ATH in the coming days.
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