Best Buy Zones for Memecoins $DOGE, $PEPE, and $BONK Before the Next Price Surge

As Bitcoin (BTC) bulls potentially ready themselves for the next breakout and upward leg of the bull market, the memecoins have proved over recent history that when the market is going up, there is arguably no better place to be. Dogecoin (DOGE), Pepe (PEPE) and Bonk (BONK) are analysed for best buy zones.

$DOGE already at edge of buy zone

Source: TradingView

The daily chart for $DOGE shows that the price has just touched on support. There could well be a reverse back to the upside from here given that all the short-term Stochastic RSI indicators, including the daily, are at their respective bottoms. In fact, the current price level, or perhaps a bit lower at the 5.0 Fibonacci level, are good places for an entry.

If, and it’s a big if right now, there is one more quick impulse to the downside for Bitcoin, there is the possibility that $DOGE could fall to the strong support at $0.198, which corresponds with the 0.618 Fibonacci, the ascending trendline, and possibly the 50-day SMA (blue line). Buying at the current level, and setting limit orders down into the green box could be a decent strategy.

One more dip for $PEPE takes price into buy zone

Source: TradingView

The 12-hour chart for $PEPE reveals that the price has dipped below the ascending trendline. While this is not particularly cause for concern, the price is also possibly taking hold below the 0.5 Fibonacci, which is also a support level. If the price continues down (depending on $BTC price movement) buys could start to be made at the 0.618 Fibonacci and into the green box. Once again, all the shorter term Stochastic RSIs are at the bottom, meaning that the next upward impulse could be quite soon.

$BONK hits 0.618 Fibonacci level

Source: TradingView

Since hitting its top after the ascending trendline breakout, the $BONK price has chopped back down and has just touched the 0.618 Fibonacci, the most important of all the levels. A bounce from this point is quite likely

That said, if there is a bit more downside to come, limit buys in the green box could be the way to go. If the price came all the way down to the 0.786 Fibonacci, or the strong support level just above, these could be considered as great retests of this strong support zone, and buys here would be ideal.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.