The cryptocurrency market has experienced a significant rebound, spearheaded by Bitcoin (BTC) surging past the $109,000 mark on Wednesday. This impressive recovery has injected renewed vitality into the broader market, particularly energizing prominent meme coins such as Bonk (BONK) and Dogwifhat (WIF), alongside key altcoins like Celestia (TIA). These digital assets have consistently recorded double-digit gains over the past 24 to 48 hours, clearly indicating a robust shift in market momentum towards a bullish inclination. The technical analyses for BONK, TIA, and WIF all point to potential breakout rallies from previously established range-bound movements, suggesting further upward trajectories.

Bonk (BONK) has demonstrated remarkable performance, increasing by over 6% on Thursday, thereby extending its already impressive 15% growth from the preceding day. This upward trend marks a continuation of its breakout rally from a falling wedge pattern, a development previously highlighted by FXStreet. BONK is currently approaching a crucial resistance level at $0.00001734, which aligns precisely with the 50% Fibonacci retracement level. This retracement is calculated from its April 7 low of $0.00000886 to its May 12 high of $0.00002581. A sustained daily close above this pivotal level could propel BONK towards its next significant target, the 78.6% Fibonacci level at $0.00002218. Technical indicators further reinforce this optimistic outlook: the Relative Strength Index (RSI) has climbed above the halfway line to 58, signaling strengthening buying pressure, while the Moving Average Convergence/Divergence (MACD) indicator and its signal line are both ascending towards the zero line, confirming a positive momentum shift. Conversely, a failure to decisively breach the 50% Fibonacci level might lead BONK to retest its June 29 high of $0.00001520 as a potential support.

Celestia (TIA) is also riding the wave of market recovery, trading over 2% higher on Thursday, building upon its substantial 16% gains from Wednesday. This recent uptrend has enabled TIA to break out of a previously confining falling channel, a move significantly supported by an underlying RSI divergence. This breakout is a strong signal for a potential trend reversal for TIA. A decisive push above its June 24 high of $1.68 could extend its recovery towards the 50% Fibonacci level at $2.35. This Fibonacci level is traced from the May 14 high of $3.40 to the June 22 low of $1.31. While the RSI, currently at 45, is nearing the halfway line after successfully rebounding from the oversold region, indicating a gradual shift in momentum, the MACD and its signal line still remain deep in the negative territory. Nevertheless, the consistent growth of green histogram bars suggests a lessening of bearish pressure. Should TIA fail to successfully surpass the $1.68 resistance, it could revert to test its established base support level at $1.31.

Dogwifhat (WIF) is similarly demonstrating significant upward momentum, ticking higher by over 2% on Thursday, adding to the considerable 16% gains achieved on the previous day. WIF is now nearing a critical resistance trendline, which is formed by connecting its highs on May 12, May 29, and July 2. A daily close above this resistance trendline, specifically near Wednesday’s high of $0.934, would confirm a decisive breakout from a falling channel. This channel is defined by a parallel support trendline derived from the lows of May 15 and June 1. Such a confirmed breakout rally has the potential to target WIF’s highest trading price in June, which stood at $1.078. The technical indicators largely support this promising prospect, with the RSI maintaining a strong position above the halfway line at 56, suggesting ample room for further growth. Additionally, the MACD indicator displays both its MACD and signal lines inching closer to crossing the zero line, indicating a strengthening of positive momentum. Conversely, a reversal within the current channel could lead WIF to test the $0.798 support level, a level that was successfully tested on June 13.

Disclaimer: This information is provided for general informational purposes only and should not be considered as financial advice. Past performance is not indicative of future results.