Today's biggest gainers in Crypto Assets: BONK and FLOKI are expected to rise further, while TIA is striving to break through key resistance.

Bonk (BONK) and Floki (FLOKI) continue their double-digit pump since the weekend, leading the recovery in the Crypto Assets market. Celestia (TIA) ranks among the best-performing Crypto Assets, showing a slight increase to hold on to Sunday's gains, but struggling to break through key resistance levels. Overall, the technical outlook for the Crypto Assets with the largest pumps indicates a bullish trend for meme coins, while TIA's trend is mixed.

BONK's outstanding recovery targets the May high

FXStreet analyst Vishal Dixit stated that the daily chart shows the sixth consecutive bullish candle. Following last week's surge of 46% and the breakout from the wedge pattern, this week's BONK upward momentum is expected to reach the highest price in May.

BONK surged during the session, reclaiming the 78.6% Fibonacci retracement level of $0.00002218, which retraced from the low of $0.000000886 on April 7 to the high of $0.00002581 on May 12. If the daily closing price is above $0.00002218, it may point to the level of $0.00002581, which is the starting point of the descending wedge pattern.

Technical indicators show that trend momentum is strengthening, as the Moving Average Convergence Divergence (MACD) indicator shows the MACD and signal line crossing into positive territory. The rising trend of the green histogram indicates that upward trend momentum is strengthening.

The Relative Strength Index (RSI) is at 74, entering the overbought territory, indicating a surge in buying pressure, while the risk of profit-taking is imminent.

If BONK fails to hold above the level of 0.00002218 USD, it may retest the 50% Fibonacci level of 0.00001734 USD.

(Source: Trading View)

FLOKI's breakout trend reaches a key resistance level

FLOKI continued its 14% pump from Sunday, rebounding to break through the downtrend channel, with its upper boundary formed by connecting the highs from May 12 and June 11.

FLOKI is approaching the key resistance level of 0.00008807 USD, which is the closing price on June 2. If it can break through this key level, the price of this meme coin may reach the highest price of June at 0.00009839 USD.

The MACD indicator shows that the MACD is in an upward trend and emits signals when approaching the zero line. The rising bar chart starting from the same line presents an upward trend, indicating that momentum is strengthening.

The RSI is at 59, remaining above the midpoint level, indicating that there is still room for growth before reaching overbought levels.

The downside is that a bearish close for the day may lead FLOKI to retreat to the previous week's low of 0.00006948.

(Source: Trading View)

TIA is struggling within a horizontal range

Despite rising over 8% over the weekend, TIA remains below the resistance level of $1.68 from the high on June 24. As shown in the chart below, after breaking through the channel, the TIA price shows a sideways moving trend, with the lower limit at $1.31, which is the lowest price in June.

A daily breakthrough of $1.68 may strengthen the bullish trend of TIA, targeting the low of $1.93 on June 5, followed by the psychological round number of $2.00.

The MACD indicator indicates the recovery of trend momentum, while a complete bullish reversal requires the MACD and signal line to cross the zero line.

The RSI is at 48, hovering below the midpoint, making it difficult to indicate a bullish shift in trend momentum.

(Source: Trading View)