Analysis of the Upward Trend in Memecoin Prices Led by Pepe, Bonk, and Floki

This article analyzes the rise of Bitcoin (BTC) driven by the U.S. Treasury's massive $1 billion buyback, which has led to an increase in the prices of various memecoins. Pepe (PEPE) rebounded over 10% from $0.00001038 but faces horizontal resistance; if it breaks through, the trend reversal may continue. Bonk (BONK) is near key resistance and a descending trendline; if it can break the high of $0.0000181, it may break the downtrend. Floki (FLOKI) rose 17% but is suppressed by resistance and a trendline; if it breaks the local high of $0.00009168, a trend reversal may begin. Overall, the memecoin market is significantly influenced by the rise of Bitcoin but still faces multiple resistances, and future trends need to pay attention to market dynamics. This article is for informational purposes only and does not constitute investment advice.