BONK: Whale Accumulation Signals Potential 

Despite a 32% drop in the last 30 days, BONK shows signs of a rebound. Whale wallets increased holdings by 16.22%, reaching 2.51 trillion BONK. At a current price of $0.0000215, this accumulation exceeds $7 million. Exchanges recorded 1.61% outflows, showing that retail selling continues. This divergence often precedes stronger moves, making BONK a coin to watch. 

Technically, a breakout above $0.0000239 could drive upward momentum, while $0.0000282 represents a larger trigger. Falling below $0.0000195 would invalidate the bullish setup. The Bull Bear Power indicator shows weakening bearish pressure, supporting potential gains. 

PENGU: Silent Whale Buying 

PENGU, associated with the Pudgy Penguins NFT brand, fell nearly 25% this month but has been mostly flat over the past week. Large holders continue to accumulate, increasing their balances by 1.77% to 2.45 billion PENGU. The top 100 addresses added 0.13%, totaling 74.66 billion. Meanwhile, exchanges lost 2.55% of supply, worth $12.6 million, reflecting ongoing retail exits. 

The Parabolic SAR trend indicator has flipped bullish, appearing below price candles. Key levels to watch are $0.031 and $0.036. Surpassing these could pave the way to $0.041 and a strong recovery. Falling below $0.028 would invalidate the bullish scenario. 

DOGE: Mega Wallets Strengthen 

Dogecoin, the OG meme coin, has been relatively stable. It declined 2.2% over the past month but gained 2.4% last week and is up 9% over three months. Mega wallets holding 1 billion DOGE or more increased balances from 71.24 billion to 71.62 billion DOGE, worth around $84 million. 

Technical analysis shows a breakout above $0.2449 could trigger higher momentum. On the downside, falling below $0.2058 risks a slide to $0.1884. Bull Bear indicators show bears losing ground over the past week, similar to a setup that previously drove price from $0.20 to $0.24. 

With these patterns, BONK, PENGU, and DOGE are among the meme coins to watch. Whale accumulation, on-chain metrics, and technical levels indicate potential market moves. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post 3 Meme Coins to Watch: Whales Accumulate, Price Signals Rising appeared first on Coin Engineer.