The first sale of Pump.Fun’s native PUMP token created ripples in the launchpad industry. However, this did not impact the performance of the protocols as LetsBONK.fun surpassed Pump.Fun in terms of daily revenue.
Thus, BeInCrypto has analysed three LetsBONK.fun ecosystem tokens for the investors to watch.
Useless (USELESS)
USELESS price is currently at $0.271, trading within a range between $0.222 and its all-time high (ATH) of $0.338. The altcoin is about 25% away from its ATH, signaling potential for further growth.
Despite a slow week, USELESS shows signs of an uptrend. The Parabolic SAR indicator is currently positioned below the candlesticks, suggesting the potential for further upward momentum.
If this trend continues, USELESS could surpass its ATH of $0.338 and push towards the $0.400 resistance, offering bullish prospects for holders.
However, if investor sentiment shifts and selling pressure increases, USELESS could face a decline. Falling below the support of $0.222 would signal weakness, and a further drop could push the price to $0.182. This scenario would invalidate the bullish outlook, highlighting the risks associated with market volatility.
Hosico Cat (HOSICO)
HOSICO reached a new all-time high (ATH) last week at $0.077 but has since dropped, currently trading at $0.047. The meme coin now stands about 62% away from reaching its ATH again.
The 50-day EMA positioned well below the candlesticks suggests that HOSICO is likely to maintain its position above the support level of $0.040. This indicates a possibility for the altcoin to regain upward momentum and gradually rise back toward its previous ATH.
However, if HOSICO breaks through the support at $0.040, it could fall below $0.034, invalidating the bullish outlook. A significant drop would suggest that market sentiment has shifted and the previous uptrend may be reversed.
Let’s BONK (LETSBONK)
LETSBONK is currently down 12% today, with its price standing 126% away from its all-time high (ATH) of $0.259. Despite this, the altcoin experienced a 44% surge in the last 24 hours, demonstrating its ability to rebound.
Trading at $0.114, LETSBONK is holding above the support level of $0.090. To reach the ATH, the altcoin must overcome a key resistance at $0.187.
Breaching this barrier would likely trigger a fresh rally, pushing the token closer to its all-time high. With the RSI sitting in the bullish area above the neutral mark, it is likely LETBONK will rise.
However, if LETSBONK faces selling pressure in the coming days, it may fail to hold the support at $0.090. This could cause a significant drop to $0.041, invalidating the bullish outlook.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
