With the meme coin market towering above a market cap of $110 billion, Doge and Floki show promising signs of a rebound.
Will the bullish trend of these meme coins lead to significant surges in the future? Let's find out in the latest price analysis article.
DOGE price breaks through Run Eyes 52W high
In the weekly chart, Dogecoin's price trend shows consecutive bullish candles, as it creates a new 52-week high of $0.4389. The recovery rebound started near the psychological barrier of $0.10, with the current trading price at $0.3856. This has led to a 274% surge and a breakthrough of the 61.80% Fibonacci level.
Supporting the bullish trend is the rise of key exponential moving averages, indicating that a bull market is coming. Additionally, with the positive histogram resurfacing, the MACD and signal line are soaring.
As the upward momentum strengthens, meme coins are getting closer to challenging the $0.45 or 78.60% Fibonacci level. A breakthrough at this level could challenge $0.5690.
Will FLOKI price reach $1?
In the daily chart, Floki's price trend shows a significant bullish trend. The meme coin has risen 126% from $0.00011, with the current trading price at $0.00025837. The bull market is gradually approaching the 78.60% Fibonacci level price of $0.0002754.
With the bull market momentum strengthening, the exponential moving averages maintain a positive alignment with the recent crossover. Furthermore, as Bitcoin gradually approaches the $100,000 mark, the rebound momentum of meme coins is expected to strengthen.
In this rebound, Floki's future target prices are $0.00032 and $0.00037. Therefore, the likelihood of Floki meme coin reaching an all-time high has significantly increased.