With the approval of the Ethereum ETF, marking the start of the altcoin bull run, the market is preparing for a massive rally. With the potential for high momentum, low market capitalization weight, and strong community support, these characteristics are extremely attractive to traders.
The best performers this month, such as PEPE, FLOKI, and BONK, are continuing to grow stronger with the market’s support. With these factors in mind, let’s analyze the prices of these top meme coins that are poised to rise this month.
Rally after retest boosts this meme token
In the 1D chart, PEPE price trend shows a massive 24.63% surge overnight, forming a bullish engulfing candle. The memecoin’s sudden rise marks a successful retest of the 50% Fibonacci level.
PEPE has a market value of $4.65 billion, ranking 24th in the cryptocurrency world. The recent trading volume has surged to $2.24 billion, an increase of 182%, indicating frequent buying activity.
Memecoin closed the night on a strong note at $0.00001142. However, an intraday loss of 2.90% shows a minor correction and exhaustion among buyers.
If the bull run continues and is accompanied by a recovery in the broader market, the rise in PEPE prices could hit the Fibonacci level of $0.000019 at 1.618.
FLOKI breaks through Run Eyes $0.00040
FLOKI price surged 11.61% last night driven by bullish momentum in the rising market. This resulted in a bullish engulfing candle and challenged the 50% Fibonacci level.
Moreover, after successfully breaking out of the double bottom, the meme coin’s higher highs show that a bull run is imminent. Various momentum indicators such as RSI and DMI are hinting at a positive trend, with a surge in potential demand.
According to the Fibonacci levels, FLOKI token with a market cap of $2 billion may rise to 1.618 level at a price of $0.00040. OTC traders can look for those memecoins to enter the market above the price point of $0.00021.
BONK RALLY TARGETS UP 70%
The price of Solana-based meme coin BONK rose 21% last night, ushering in a new round of bull market. The bull market is accompanied by huge
As the market’s breakout rally continues to gain momentum, with an impressive 10% overnight gain, we have to admit that Memecoin is challenging the important 50% Fibonacci retracement level. Looking at our professional 4-hour chart, the golden cross has definitely strengthened the possibility of an uptrend.
According to the prediction of Fibonacci theory, this upward trend has the potential to touch the $0.00005877 mark and may even challenge the higher 1.618 Fibonacci level. However, it all depends on the subsequent reaction of the market, and we still need to pay close attention to the dynamics of the market.
Will These Meme Coins Rise This Month?
As the price of Ethereum continues to rise, altcoins in the cryptocurrency market, such as memecoin, are also showing a strong upward trend. The price trend of each token shows a strong bullish signal. Against this background, investors of PEPE, BONK and FLOKI tokens may need to remain optimistic and actively deploy in the next month.
