Memecoins
Here is the continuation of the WIF, PEPE, FLOKI and BOME prizes
No sooner did Bitcoin price demonstrate a bullish rally than the markets shifted into bullish favor. Memecoins also gained immense strength as the most popular ones surged with double-digit gains. However, top memecoins like Dogecoin and Shiba Inu are struggling to catch the attention of traders while others like PEPE, WIF, FLOKI, BOME, BRETT, etc. and many more are displaying immense strength. Here’s what’s next for these memecoins.
Grandpa (PEPE)
- THE PEPE Price maintains a strong upward trend from the beginning and appears to be following a trend
- Price broke out of the descending consolidation within an ascending parallel channel and reached a new high.
- The token formed a similar pattern and surged above the descending trendline, which could trigger a fresh bull run towards a new ATH at $0.000025.
- However, the slow RSI suggests that the token could consolidate for a few more days, which could further initiate a new upward trend.
dogwifhat (WIF)
- THE what price for my dog fell below the crucial support zone between $2.1 and $2.27 and reclaimed levels
- Volume also declined but remained within the bullish range, suggesting the trend could remain high for a few more days.
- The RSI remains high after bouncing from intermediate lows, indicating the start of a new bullish period
- Therefore, the price is expected to break out of the support-turned-resistance zone and reach $3, aiming to form a new ATH near $5 by the end of Q3 2024.
FLOKI (FLOKI)
- After a sudden fall, the FLOKI Award consolidates within a narrow range, thus avoiding further losses
- Meanwhile, this also resembles the previous pattern, which led to a 150% surge post-consolidation, resulting in the formation of a new ATH at $0.00035
- The price appears to be on the cusp of an explosion and the token is therefore expected to launch a new bull run to reclaim levels around the ATH.
- However, FLOKI price may move in a limited range for a while and test the lower support of the channel, which could prompt the bulls to start a new bullish period.
BOOK OF MEMES (BOME)
- Similar to other memecoins, BOME price is also demonstrating massive strength as levels rebound after holding the lower support zone
- The elongated wicks at the bottom display the strength of the bulls, which could provide a strong base for the token in the coming days.
- Although volume declined sharply and remained below average, BOME price managed to attract the attention of bulls, limiting bearish activity.
- Therefore, BOME price is expected to rise along the ascending trendline and reclaim the crucial resistance at $0.015 soon.