3 notable tokens in the LetsBONK.fun ecosystem in the third week of July

The token sale of PUMP on the Pump.Fun platform has caused a stir in the launchpad community, sparking quite a bit of lively discussion. However, this push was not strong enough to shake the position of its competitors, as LetsBONK.fun unexpectedly surpassed Pump.Fun in daily revenue.

In light of this notable development, Bitcoi Magazine has conducted an analysis of three prominent tokens in the LetsBONK.fun ecosystem – names that investors should not overlook.

Useless (USELESS)

Currently, USELESS is trading around $0.271, within a range from $0.222 to the historical peak (ATH) at 40.338. With a distance of nearly 25% from the ATH peak, this altcoin still has a lot of growth potential ahead.

Although the developments over the past week have been quite subdued, USELESS is still sending positive signals. The Parabolic SAR indicator is currently below the candle body, reflecting that the upward trend is prevailing and may continue to be maintained in the short term.

Daily chart USELESS/USDT | Source: TradingViewIf the upward momentum is solidified, USELESS could completely break through the ATH level at $0.338 to approach the important resistance zone at $0.400 — a psychological milestone that could create a push for stronger growth.

However, the scenario of a correction cannot be ruled out if market sentiment suddenly changes. Profit-taking pressure or the return of selling forces could pull the price down below the key support zone at $0.222. In a more negative case, the price could continue to retreat to the $0.182 area — breaking the current bullish structure and highlighting the inherent risks of the volatile altcoin market.

Hosico Cat (HOSICO)

HOSICO just set a new all-time high (ATH) last week at $0.077, however, it has since corrected down and is currently trading around $0.047 – which is about 62% lower than the peak.

HOSICO/USDT Daily Chart | Source: TradingViewNotably, the 50-day EMA line is still quite far below the price chart, indicating that HOSICO is maintaining a safe distance from the strong support area at $0.040. If this support level continues to hold, it is highly likely that the token will soon regain upward momentum and gradually recover back to its previous peak.

However, in the event that HOSICO loses the $0.040 threshold, selling pressure may increase significantly, driving the price down below $0.034. Such a scenario would completely undermine the current upward trend, while also reflecting a significant shift in market sentiment – from optimistic to cautious or negative.

Let’s BONK (LETSBONK)

The current price of LETSBONK is down 12% for the day, still 126% away from its ATH of $0.259. However, in the past 24 hours, this altcoin has surged by 44%, demonstrating impressive momentum and significant recovery potential.

Currently, LETSBONK is trading around $0.114 and remains firmly above the important support area at $0.090. To potentially retest its historical peak, this token needs to break through the key resistance zone at $0.187.

Daily LETSBONK/USDT chart | Source: TradingViewIf this barrier is overcome, a new bullish wave could be activated, pushing LETSBONK closer to its all-time high. In addition, the RSI indicator is in the positive zone, above the neutral level, further reinforcing confidence in the short-term bullish outlook.

However, risks still exist. If selling pressure increases in the coming days and LETSBONK loses the support level of $0.090, the price could plummet to the $0.041 range – thereby dispelling the current recovery expectations.

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