Floki (FLOKI) has been trading in losses in the past month, along with other memecoins. It failed to capitalize on various news, like the launch of the Floki Inu trading bot, to reach new highs. Data from CoinMarketCap shows the price of the dog-themed memecoin is consolidating between $0.00011 and $0.00016 on the monthly timeframe.
The market cap of Floki coin ranges between $1 billion and $1.6 billion. Looking ahead, Floki Inu has resistances around the 50-Day SMA ($0.000138) and 200-Day SMA ($0.000161). Crossing the resistance at the 50-day SMA will allow the memecoin to test the 200-day SMA.
Coincodex forecasts the price of Floki coin might reach $0.000159 in the coming weeks. If the bullish momentum is very high, we might see the memecoin soaring to $0.000398 in the long run. On the flip side, a bearish movement could push the value of Floki to former lows.
Book of Meme (#BOME ) Set For Breakout After 50-Day SMA Resistance
Book of Meme (BOME) is another Solana memecoin analysts are expecting to rise to new highs in the coming bull season. Book of Meme CoinGecko data shows losses on the biweekly and monthly timeframes. The cryptocurrency’s market cap is consolidating between a low of $350 million and a high of $600 million.
Also, Book of Meme CoinGecko data shows its price is 76.6% below its all-time high. Going forward, the memecoin has resistance at the 50-Day SMA ($0.007349). Meanwhile, Coincodex has a bullish Book of Meme price prediction despite the poor situation of the market.
They have two forecasts with the first being a price target of $0.008062 in the short run. The second target is a price target of $0.020186 in the long run. Despite this bullish Book of Meme price prediction, reaching these targets will depend on the sentiment in the general market.
Bonk (BONK) bulls have woken up after a long bearish period. Data from CoinMarketCap shows the memecoin’s price has increased on the weekly timeframe. However, the Bonk coin is still showing losses on the monthly level.
The ongoing bear market has affected its price trajectory in the past month. However, the recent upsurge shows that the Bonk price could increase in the next trading sessions. For this to happen, the Bonk coin must surpass the major resistance at the 50-Day SMA ($0.00002059)
Failure to do so might lead to price declines. Luckily, analysts are expecting a bull run in the coming weeks. This massive upsurge could push the Bonk coin to new levels. Coincodex gives a price target of $0.00005396 during the bull market.
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