Is a New Altcoin Season Approaching? Here’s Why You Should Watch $BONK, $BRETT

• Shiba Inu’s surge fuels altcoin speculation, highlighting broader market momentum.
• Bonk and Brett exhibit strong growth, with solid support levels signaling bullish trends.
• eCash and Wormhole see significant volume increases, indicating rising investor interest.

Seems the onus has fallen upon SHIB to reinvigorate the crypto market to fuel an altcoin season. Just in 24 hours, Shiba Inu (SHIB) has jumped 21.72%, pushing its price to $0.000019.

This rally has prompted investors to explore other potential altcoin movers, including tokens such as Bonk (BONK), Brett (BRETT), Conflux (CFX), eCash (XEC), Wormhole (W), Ethena (ENA), and Pepe (PEPE). Each of these tokens has seen significant upward price trends, suggesting broader bullish momentum in the altcoin space.

Bonk (BONK) Gains Momentum Amid Strong Market Activity

Bonk has demonstrated significant growth, currently priced at $0.00002202 after an 18.86% increase in the last 24 hours. Its market capitalization has climbed to $1.56 billion, while trading volume reached $311.3 million.

The consistent price climb suggests that Bonk may continue to build momentum, especially with strong market interest. A key support level sits at $0.00001853, which could act as a safety net if the price retraces.

However, resistance levels at $0.00002202 and $0.00002150-0.00002180 may challenge further growth. A continued surge in volume could help push Bonk past these barriers, further fueling its upward trajectory.

Brett (BRETT) Sees Sustained Growth with Strong Support

Brett is another coin showing a steady rise, with its price reaching $0.1017 after a 16.84% increase. Brett’s market cap now stands at $1.008 billion, with a trading volume of $56.88 million. 

The price has followed an upward trend with brief consolidation periods, indicating bullish sentiment. Key support is found at $0.08696, providing a solid base for buyers.

Additional support between $0.09500 and $0.09600 may protect the price from minor pullbacks. On the other hand, resistance at $0.1020 and psychological resistance around $0.1000 could limit further gains. Brett’s 94.55% surge in volume indicates strong investor interest, which could allow it to breach resistance levels.

Conflux (CFX) Gains Steam as Volume Spikes

Conflux (CFX) has also shown impressive performance, with its price rising by 19.63% to $0.187. Its market capitalization is $829.13 million, while trading volume surged to $70.93 million, reflecting heightened buying interest. 

A clear upward movement has been observed, driven by this volume increase. Conflux faces strong support at $0.1562, with additional support at $0.1700, a level of previous consolidation. 

Resistance lies at $0.187 and $0.1800, psychological levels that could challenge further growth. However, if the trading volume continues to rise, these resistance barriers may fall, leading to further price gains.

eCash (XEC) Experiences Sharp Price Increase and Volume Surge

eCash (XEC) has surged 16.11% in the past 24 hours, with its price reaching $0.00003927. A massive 521.77% increase in trading volume underscores the significant market interest in this token. 

With a market cap of $776 million, eCash ranks 90th among cryptocurrencies. Key support is seen at $0.00003379 and $0.000035, offering price stability if the rally weakens. 

Resistance between $0.00003940 and $0.000040, along with the upper level of $0.000041, could cap further gains. Sustained volume increases could help eCash break through these levels, continuing its upward momentum.

Wormhole (W) Pushes Higher on Increased Volume

Wormhole (W) has also made notable gains, climbing 17.64% to $0.3048. Its market cap is now $785.7 million, ranking it among the top 100 cryptocurrencies. 

Wormhole has seen a 130.13% surge in trading volume, indicating rising interest. Support is seen at $0.2563 and $0.270, levels that provided stability before the recent rally. 

Resistance at $0.310 and $0.320 could limit upward movement. However, continued high trading volume could allow Wormhole to break these barriers.

Ethena (ENA) Gains Ground with Bullish Sentiment

Ethena (ENA) saw a 15.61% price increase, bringing its price to $0.3644. The token has attracted significant interest, with a 264.21% increase in trading volume. Its market cap stands at $692.87 million, and its TVL is $2.54 billion. 

Ethena has strong support at $0.3135 and $0.340, offering a foundation for further gains. Resistance levels at $0.370 and $0.375 may test the token’s continued rise. The sharp price increase, along with high trading activity, indicates strong bullish sentiment.

Pepe (PEPE) Maintains Momentum Amid Strong Market Activity

Pepe has also shown consistent upward momentum, rising 13.72% to $0.0009732. Its market cap has surged to over $4.09 billion, with a trading volume increase of 85.32%. 

Read also: Here’s Why Meme Coins WIF, FLOKI, BRETT, BONK, PEPE Are Pumping Hard Today

Support lies at $0.0008566, while resistance at $0.000973 will be crucial for further gains. If Pepe can hold above this resistance level, the bullish trend may continue, pushing prices higher.