Bitcoin (BTC) is gradually reversing its downward trend, and altcoins are following closely. Among the many sectors, the most volatile is the meme coin sector. PEPE, WIF and FLOKI are in the leading position.

The king of cryptocurrencies is naturally Bitcoin (BTC/USD), which is currently trending upwards. However, in a risky environment, the most explosive cryptocurrencies are often meme coins, which is the case now.

BABY

PEPE (PEPE/USD) ranks 28th on CoinGecko with a market cap of $4.5 billion. Although this is still a long way from DOGE's $18.2 billion and SHIB's $11.6 billion, PEPE is developing much faster than both and is definitely worth keeping a close eye on.

As can be seen from the short-term chart above, PEPE has now risen 21.5% since breaking through the downward trend line on Thursday. The current price is facing resistance, but once this resistance is broken, the targets given by the Fibonacci levels are $0.0000115 (0.5 Fibonacci), $0.000013 (0.618 Fibonacci), and $0.000015 (0.786 Fibonacci). Its historical high is $0.0000172.

WIF

Since the beginning of April, the WIF price (WIF/USD) has been in a descending wedge. On Tuesday, a decisive breakout occurred, and since then the price has risen by 32.3% to $2.36.

Based on the Fibonacci levels, the upside targets are $2.51 (0.382), $2.96 (0.5), $3.40 (0.618), and $4.04 (0.786). Its all-time high is $4.84.

FLOKI

$FLOKI price (FLOKI/USD) has risen 31% since the breakout of the descending trendline was confirmed. It now looks like the price may recover to test the strong horizontal support of $0.00016 before moving higher.

Again based on the Fibonacci levels, the upside targets are $0.000192 at the 0.382 Fibonacci level, $0.000222 at the 0.5 Fibonacci level, $0.000252 at the 0.618 Fibonacci level, and $0.000294 at the 0.786 Fibonacci level. Its all-time high is $0.000349.

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As spot Ethereum ETFs continue to gain popularity, Ondo Finance is ready to make a comeback. Experts point out that ONDO has unique features and strategic positioning in the DeFi field, which will enable it to gain huge benefits from the growth in demand for ETH tokens. If this trend continues, ONDO may soon break through the important $1 mark and bring rich returns to investors who act quickly.

BONK

BONK is a Shiba Inu-themed meme coin built on the Solana blockchain. It has caught everyone's attention with a unique way of redistributing power in the Solana ecosystem. BONK prides itself on being a community-first token, targeting the general public rather than institutional investors or venture capitalists. In its early stages, BONK airdropped half of its total supply to Solana's NFT and DeFi participants, which quickly gained a lot of attention and achieved a significant jump in value.