TL;DR:
- Looking to confirm a trend reversal if it can consolidate above $0.2671.
- Defending key supports and aiming for higher Fibonacci levels to shift its structure.
- Facing decisive resistance after a sustained four-day rally and buying pressure.
The memecoin segment is once again capturing investor attention following a rotation of speculative capital toward high-volatility setups. After weeks of uncertainty, several memecoins with bullish momentum have begun to show technical signs of stabilization and early reversal on their daily charts.
One such asset is Pippin (PIPPIN). It stands out after bouncing cleanly from the $0.1565 demand zone, forming short-term higher lows. If the asset secures a daily close above the $0.2671 resistance, the path would be open toward $0.3083 and, eventually, $0.3729.
Technical Analysis of BONE and BANANAS31
On the other hand, Bone ShibaSwap (BONE) defended the $0.0482 support, recovering critical Fibonacci levels. The token is now testing the 38.2% level at $0.0685; a close above this mark could drive the price toward the $0.0810 level, where the market structure would officially turn bullish.
Lastly, Banana For Scale (BANANAS31) has led an accelerated four-day rally, placing it near $0.0043. The Money Flow Index (MFI) indicates strong buying pressure, reinforcing the possibility of breaking through current resistance to reach the $0.0051 target in the short term.
In summary, while optimism is growing, it is vital for these assets to maintain their immediate supports to validate the recovery theses. The retail sector should closely monitor daily closes, as any break below control levels could invalidate this momentum and return prices to the lows seen at the beginning of the month.
