BONK, TIA and WIF are surging strongly, signaling a potential trend reversal.

The cryptocurrency market unexpectedly broke out strongly on Wednesday, as Bitcoin (BTC) surpassed $109,000, sparking a widespread bullish wave across the market. Meme coins like Bonk (BONK) and Dogwifhat (WIF) surged strongly, while altcoins like Celestia (TIA) recorded double-digit gains within just 24 hours. As BONK, TIA, and WIF became the focal points leading the recovery, the technical picture also became more optimistic, with several key accumulation patterns officially being broken on the price chart.

BONK breaks out of the descending wedge pattern, aiming for the next rise

BONK (BONK) continues to maintain an impressive bullish momentum as it rises over 6% on Thursday morning, extending a growth streak of 15% from the previous session. The recovery momentum of this meme coin is being solidly reinforced after breaking through the descending wedge pattern — a technical signal that often indicates the continuation of an upward trend.

Currently, BONK is approaching the price zone of $0.00001734, coinciding with the 50% Fibonacci retracement level, calculated from the low on April 7 ($0.00000886 to the high on May 12 )$0.00002581. If this coin can overcome the important technical threshold mentioned above and close the daily candle firmly, the bullish trend is likely to continue, with the next target being the zone of $0.00002218 — corresponding to the 78.6% Fibonacci retracement level.

Daily chart of BONK/USDT | Source: TradingViewTechnical signals are indicating a positive shift in momentum. The RSI has surpassed the neutral level and reached 58, indicating that buying pressure is dominant. At the same time, the MACD line and the signal line of the MACD indicator are both trending upwards, approaching the level of 0 – a sign supporting the bullish trend.

However, if BONK cannot break through the 50% Fibonacci level and gets rejected here, the profit-taking pressure could cause the price to reverse. In that case, the nearest resistance level to watch will be the peak on June 29, at $0.00001520.

Celestia breaks down the downtrend channel

Celestia (TIA) maintains an impressive upward momentum as it continues to rise more than 2% during the Thursday morning session, extending a strong increase of 16% since Wednesday. Notably, this breakout has helped TIA escape from a descending channel, with momentum bolstered by a divergence signal from the RSI indicator.

With the increasingly clear trend reversal signal, if TIA can break through the resistance level at the peak on June 24 at $1.68, the recovery momentum is expected to extend to the Fibonacci 50% level at $2.35 – measured from the peak of $3.40 on May 14 to the bottom of $1.31 established on June 22.

Daily chart of TIA/USDT | Source: TradingViewTechnical indicators are recording an improvement in market sentiment: RSI has bounced back from the oversold area and is now approaching the neutral threshold of 45. Although the MACD line and the signal line are still below the negative zone, the steady increase of green histogram bars indicates that buying pressure is returning.

However, if TIA fails to conquer the level of $1.68, the scenario of a reversal to test the bottom area of $1.31 could still happen.

WIF aims for a breakdown of the price channel, continuing the bullish trend

Dogwifhat (WIF) recorded an increase of over 2% in Thursday morning's session, following a strong bounce of 16% the day before. Currently, this meme coin is approaching an important resistance level established by the trendline connecting the three peaks of May 12, May 29, and July 2.

If WIF can close above this resistance line — near Wednesday's peak at $0.93 — it will be a clear breakdown signal from the downtrend channel. This channel has been identified by analysts through the parallel support line connecting the lows on May 15 and June 1. In a positive scenario, the momentum could push the price toward the June peak at $1.07.

WIF/USDT Daily Chart | Source: TradingViewTechnical signals are currently supporting the continuation of the bullish trend. Specifically, the RSI index remains above the neutral level at 56, indicating that there is still room for a rise. At the same time, the MACD line and the signal line are approaching the level of 0, setting the stage for a bullish crossover in the short term.

However, if selling pressure returns and the price cannot break through resistance, WIF is likely to reverse within the current channel. At that time, the nearest support area is at $0.798 — a level that was successfully tested on June 13.

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