Bitcoin breaks through $109,000, driving the market rebound, with Meme coin BONK, WIF, and altcoin TIA leading the rise.

The crypto assets market today (July 3) saw a strong rebound, with Bitcoin (BTC) prices soaring above $109,000, driving memecoins like Bonk (BONK) and Dogwifhat (WIF), as well as altcoins like Celestia (TIA), to record double-digit rises over the past 24 hours. As the leading coins of the market recovery, the technical charts for BONK, TIA, and WIF all show bullish tendencies and have broken through their respective range-bound patterns.

BONK Price Prediction: Uptrend Continues After Wedge Breakout, Target Fibonacci Key Levels

• Current Performance: Bonk (BONK) continued its rise on Thursday, increasing by over 6% at the time of writing, following a 15% rise the previous day. This increase marks its successful breakthrough of the descending wedge pattern.

• Key Resistance: BONK is approaching the 0.00001734 USD key resistance level, which coincides with the 50% Fibonacci retracement level (drawn from the April 7 low of $0.00000886 to the May 12 high of $0.00002581). If the daily close can strongly stay above this level, the upward trend is expected to continue towards the 78.6% Fibonacci level $0.00002218.

• Technical Indicators: Relative Strength Index (RSI) has crossed above the midline to 58, Moving Average Convergence Divergence (MACD) and its signal line are positively crossing above the zero line, indicating that momentum is undergoing a positive change.

• Downside Risk: If the price encounters resistance at the 50% Fibonacci level and falls back, it may test the support of June 29 high $0.00001520. As a Shiba Inu coin alternative, BONK's volatility is usually high.

  

TIA Trend Analysis: Breakthrough of the Downward Channel, Potential Trend Reversal Signal Appears

• Current Performance: Celestia (TIA) rose over 2% as of Thursday's writing, continuing the 16% rise from Wednesday. This round of upward movement broke the descending channel, and there was a prior RSI divergence signal.
• Reversal Signal: TIA is showing signs of a potential trend reversal. If it can effectively break through the June 24 high of $1.68, the rebound may further target the 50% Fibonacci level of $2.35 (this level is drawn based on the May 14 high of $3.40 to the June 22 low of $1.31).
• Technical Indicators: RSI currently at 45, rebounding from the oversold area and approaching the midline, indicating that momentum is gradually improving. However, despite the growth of the green histogram, MACD and its signal line remain deep in the negative territory.
• Downside Risk: If TIA fails to effectively break through $1.68, it may reverse downward and test the $1.31 bottom support level. As a representative of modular blockchain, the technical improvement of TIA is receiving attention.
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WIF Market Outlook: Approaching Channel Resistance Line, Breakthrough Will Open Upward Space

• Current Performance: Dogwifhat (WIF) slightly rose over 2% as of Thursday's report, continuing the previous day's 16% rise. WIF is currently approaching a key descending resistance trendline formed by connecting the highs on May 12, May 29, and July 2.
• Key Breakthrough: If the daily line can strongly close above the resistance trend line (near Wednesday's high $0.934), it will mark an effective breakthrough of the descending channel formed by the parallel support trend line composed of the lows on May 15 and June 1. The upward target after the breakout can be seen at the highest trading price in June $1.078.
• Technical Indicators: RSI remains at 56 (above the midline), indicating there is still room for rise. The MACD indicator shows its line is gradually approaching the zero axis and is preparing to cross above, suggesting that rebound momentum has slightly strengthened.
• Downside Risk: If the price encounters resistance and falls back within the channel, it may test the support level of $0.798 that was successfully defended on June 13. As a popular memecoin in the Solana ecosystem, WIF's breakout attempts affect market sentiment.
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