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🚨🚨 Special reward for my first pinned article 🚨🚨 $PEPE Coin Recommendations General trend: Current price: 0.00002436 🔼 (+3.31%). The chart indicates a sideways movement with a slight bearish bias in the short term after the price reached the resistance at 0.00002836. --- Technical indicators: 1. RSI (Relative Strength Index): Current value: 31.31. It indicates an oversold condition, which may mean that the price is close to a bounce if demand starts to increase.
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The post PEPE, FLOKI, BONK Price Analysis Hints A Bull Run appeared first on Coinpedia Fintech News
With the Ethereum ETF approval kickstarting a bull run in altcoins, meme coins are preparing for a massive rally. With the high momentum moves possible, low-cap weight, and strong community support, these are the best bets for traders.
Being the top performers, PEPE, FLOKI and BONK are rolling with the additional boost from the market. So, let’s take a look at the price analysis of these top meme coins ready for a rally this month.
Post-Retest Rally Boosts This Meme Coin
In the 1D chart, the PEPE price trend shows a massive overnight surge of 24.63% to form a bullish engulfing candle. The sudden jump in the meme coin comes marks a successful retest of the 50% Fibonacci level.
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With a market cap of $4.65 Billion, the PEPE price ranks at 24th position in the crypto world. Further, the $2.24 Billion trading volume with an 182% rise within 24 hours reflects a rise in buying activity.
Further, the meme coin closed strong last night at $0.00001142. However, the intraday drop of 2.90% reflects a minor correction and exhaustion in buyers.
In case the bull run continues with the broader market recovery, the uptrend in PEPE price could hit the $0.000019 mark at the 1.618 Fibonacci level.
FLOKI Breakout Run Eyes $0.00040
Siphoning bullish momentum from the rising market, the FLOKI price jumped by 11.61% last night. This results in a bullish engulfing candle and challenges the 50% Fibonacci level.
TradingView
Further, the higher high formation in the meme coin following the double bottom breakout teases a bull run ahead. The momentum indicators, like the RSI and DMI, support the positive trend with the underlying increase in demand.
As per the Fibonacci levels, the FLOKI token with a $2 Billion market cap can scale up to the 1.618 level at $0.00040. The sideline traders can find an entry spot with the meme coin price above $0.00021.
BONK Rally Eyes 70% Rise
With a 21% jump last night, the Solana-based meme coin BONK price takes off for a new bull run. The bull run comes with a massive
TradingView
With the breakout rally gaining momentum and an overnight jump of 10%, the meme coin is challenging the 50% Fibonacci retracement level. On a positive note, the golden crossover in the 4H chart increases the uptrend possibility.
As per the Fibonacci levels, the uptrend could hit the $0.00005877 mark or the 1.618 FIbonacci level.
Will These Meme Coins Rise This Month?
With the rising Ethereum prices, the altcoins like meme coins are on the rise. Further, the price action of each token supports the potential bull run. Hence, the upcoming month could be extremely bullish for the PEPE, BONK and FLOKI tokens.
Bitcoin (BTC) is a decentralized digital currency based on blockchain technology, which was first introduced in a white paper published by a person or group under the pseudonym Satoshi Nakamoto in 2008. The network was officially launched in January 2009, and since then Bitcoin has become a symbol of transformation. in the global financial system.
Bitcoin relies on a network of users who verify transactions through mining operations, which require a large amount of computing power. These mining operations add new blocks to the blockchain, ensuring that the system cannot be manipulated or tampered with. The total supply of Bitcoin is capped at 21 million units, making it rare and increasing in value over time.
Bitcoin has seen massive price fluctuations, starting at less than a dollar in its early years and reaching record levels of over $60,000 at times. These fluctuations have attracted the attention of investors and speculators, as well as governments and central banks that have begun to take digital currencies seriously.
Bitcoin is considered a hedge against inflation for some, and a tool for facilitating safe and efficient digital financial transactions for others. However, the currency faces significant challenges, such as legalization and government regulation, environmental concerns related to energy consumption, as well as security and fraud risks. .
$DOGE And PEPE Lead As Top Bets, With Summer Set To Heat Up. What's In Store For New Meme Coin Raboo?
Considering their recent performance in the cryptocurrency market, investors are now massively purchasing DOGE, PEPE, and the new presale token Raboo (RABT) with the anticipation that they will lead an incredible market rally in the upcoming summer months.
Interestingly, Raboo (RABT), the new memecoin, seems to be getting most of the attention due to its potential for 100X yield and intriguing AI-powered platform and Social-Fi feature. Let's find out what this new presale coin has in store for investors in the coming summer.
Doge down, but not out? Big money accumulation hints at future price rise DOGE, the open-sourced cryptocurrency featuring the Shiba Inu dog on its logo, has been on a negative trend for over a month, with about a 2.56% decline. Despite that, large holders buy Dogecoin, and this is making investors optimistic regarding DOGE’s future trajectory.
According to some reports, the number of addresses holding between 100 million to 1 billion DOGE tokens has slightly increased from 20% to 21% within four days in May. This rise in the accumulation of DOGE indicates that more and more addresses are acquiring significant amounts of DOGE tokens regardless of its current decline.
Because of this increase in DOGE accumulation many experts believe the value of DOGE will begin to recover soon. Moreover, as Dogecoin continues to hover around the $0.15 price mark, these experts have also set their price target for the coin before the end of 2024 at $2.
With a 39% increase, $ENS is rising and is currently at $20.38! 📈 I just overcame the $20.15 resistance level. 🔥 Strong upward momentum is revealed by 4-hour candlestick charts.
Is this the beginning of a larger rally yet? 🌖 What is causing this increase? 🚀 Any big changes or insider information? 📰
Let's talk about whether $ENS can continue rising or if a decline is likely. Talk about your ideas! #ETHETFS #btc70k #altcoins #MicroStrategy #BinanceLaunchpool
$LTC is holding its ground strong while $BTC takes a breath. Eyes set on $110 if the upward trend continues, with a support at $80 if things slow down. Let's hope Bitcoin bullish trend continues. In a previous rally, we've observed a 120% profit.