As Bitcoin reclaims $60,000 and sustains the rally above $63,000, the rise in trading volume supports the chances of an uptrend.
In the sharp and surprising recovery of Bitcoin, altcoins have sucked up the growing optimism in the market, thereby amplifying the bull run.
Dogwifhat is one of the best performing and trendiest new meme coins, and it is ready for a big jump via a triangle breakout. WIF price action shows a double bottom reversal, breaking above the overhead resistance trendline and challenging the 50% trend-based Fibonacci level at $3.35.
The potential bullish turn strengthens the chances of an uptrend as the daily RSI line shows a divergence. Currently, the altcoin is trading at $3.31 with an intraday gain of 6.67%, forming the fourth consecutive bullish candle.
A breakout above $3.35 could take the Meme coin to the $5 mark and potentially $6.50.
Nervos Network (CKB) altcoin is aiming for $0.035, 👥君羊➕薇:zy50871 During a sharp 50% drop to the key support area of $0.015, CKB lost the dynamic support of the 50-day EMA. However, the psychological demand area led to a quick reversal and challenged the 50% Fibonacci retracement level.
After rising 16% overnight, CKB price is reported at $0.018, with an intraday gain of 2.95%. Considering that the broader market maintains a recovery rebound, coupled with additional impetus from the market, the relief rebound may drive the uptrend of Nervos Network.
If the uptrend breaks through the 50% Fibonacci level, the bulls may push the altcoin price to $0.036.
Floki's bull run may touch $0.00030 next week
FLOKI positions itself as a high-performance meme coin, and its price trend is expected to make a comeback next week. The altcoin showed a descending channel breakout and is ready to break the psychological barrier of $0.00020.
FLOKI price rose 9.61% intraday and traded at $0.000191, marking the fourth up day in a volatile market. Moreover, with the increase in trading volume, the Meme token is ready for a bull run next week
