Meme coins soar with Bitcoin’s recovery to $106K
- Crypto markets are up on Monday, fueled by a sudden recovery in Bitcoin.
- Meme coins such as Dogwifhat and SPX6900 lead the rally with double-digit gains.
- The technical outlook of Pepe’s sudden recovery shares a bullish outlook.
Crypto market bounces back as Bitcoin (BTC) reclaims the $106,000 level at press time on Tuesday, resulting in a refreshed rally in top meme coins such as Dogwifhat (WIF) and SPX6900 (SPX), and Pepe (PEPE).
Bitcoin bounces off a support range formed between nearly $103,500 and $104,900 on the 4-hour chart. The breakout rally propels BTC above the 50-period Exponential Moving Average (EMA), challenging the short-term resistance at $106,640.
The momentum indicators suggest a surge in momentum as…
