Meme Coin Price Fluctuations: Bonk Breaks Trendline, Useless Coin Rebounds

Three meme coins are attracting attention in the crypto market: Bonk (BONK), Useless Coin (USELESS), and MarsCoin (MARSCOIN). Since August 31, two of these tokens have surged more than 370%, but then reversed sharply on Sunday. Bonk is the exception, closing higher and near its recent highs.

Bonk has broken above a descending trendline that capped it since May 11, with a significant volume increase in early September. It now trades near $0.0000035, up 5.59% in 24 hours, with a market cap of $308 million. The Relative Strength Index (RSI) reads 67 and continues to rise.

Useless Coin rallied 373% from its August 31 low near $0.0668 to a September 5 peak of $0.316, but stalled at the $0.262 to $0.278 resistance zone. It now trades near $0.2225, down 24.43% in 24 hours, with a market cap of $222 million.

MarsCoin has shown the widest gap to support among the three meme coins, with its 21-day EMA sitting near $0.092, about 50% below spot.