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🔥💥Will Meme Coins Like PEPE, FLOKI and BONK Give A 2x Surge?
As the crypto market bounces back, with the Bitcoin price surpassing the $65,000 barrier overnight, the meme coins seem slightly under the weather. Under a healthy correction, they are awaiting their next massive jump.
#PEPE Price Retest Preps Another Spree
One of the best-performing meme coins in 2024, PEPE price action shows a falling wedge breakout rally completing a rounding bottom reversal. The uptrend exceeds the $0.000010 psychological mark but showcases retest in action.
With the VI lines in a positive alignment and the uptrend in ADX, the DMI indicator shows a bullish trend in action. The underlying demand for the PEPE meme coin shows a high likelihood of a price jump.
In case of a bullish trend, the PEPE price could reach the $0.000019 mark. On the flip side, a drop under $0.000010 could test the $0.00000925 support.
Uptrend In Floki Eyes $0.00042
With a bull run in motion, the #floki price action shows a falling wedge rally gaining momentum with a double bottom. As the meme coin exceeds the neckline at $0.00019, the resistance at $0.00021 leads to a retest of the bullish breakout.
Currently, the FLOKI price consolidates within two crucial Fibonacci levels and awaits a surge in buying pressure. A bullish trend will pump the meme coin to the 1.618 Fibonacci level at $0.00040. However, a slip under $0.00019 will nullify the breakout and dump it to $0.00016.
Solana’s Meme Coin Preps Double Bottom
The biggest meme coin in the Solana ecosystem, the BONK price action displays a wedge pattern breakout. Further, similar to Floki, it attempts a double bottom reversal for additional momentum.
As the meme coin takes support at the 50D EMA and the 38.20% Fibonacci level, the uptrend chances are improving. However, the lack of RSI divergence questions the uptrend.
Considering that the broader market will improve, the #BONK price could surpass the neckline at $0.000028. In such a case, the breakout rally could reach the $0.00003786 mark.
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