Memecoins Ready To Explode This Bull Run đ
As Bitcoin (BTC) reverses its downward trend, altcoins are following suit. However, memecoins are showing the most volatility, with $PEPE, Dog Wif Hat ($WIF), and Floki ($FLOKI) leading the charge.
Bitcoin remains the dominant cryptocurrency, but in a risk-on environment, memecoins tend to be the most explosive. This is evident in the recent performance of $PEPE, $WIF, and $FLOKI.
$PEPE Surges Ahead of Larger Memecoins
Currently ranked #28 on CoinGecko, PEPE boasts a $4.5 billion market capâthough still behind $DOGE ($18.2 billion) and $SHIB ($11.6 billion), PEPE is gaining traction quickly. Its price has risen 21.5% since breaking a descending trend line, with potential targets at $0.0000115, $0.000013, and $0.000015, based on Fibonacci levels. The all-time high stands at $0.0000172.
$WIF Breaks Out of Long-Term Wedge
After trading within a descending wedge since April, WIF broke out on Tuesday, resulting in a 32.3% rise to $2.36. Upside targets, determined by Fibonacci levels, are set at $2.51, $2.96, $3.40, and $4.04, with an all-time high of $4.84.
$FLOKI Rises 31% Post Breakout
Following a breakout from its descending trend line, FLOKI has climbed 31%. The price may test support at $0.00016 before moving higher, with Fibonacci targets at $0.000192, $0.000222, $0.000252, and $0.000294. The all-time high is $0.000349.
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