Memecoins
Meme Coin Price Analysis Hints at a Bull Run
With the Ethereum ETF approved Launching a bull run in altcoins, meme coins are gearing up for a massive rally. With the high momentum moves possible, low cap weight, and strong community support, these are the best bets for traders.
As top performers, PEPE, FLOKI and BONK benefit from the additional market boost. 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 graph, the PEPE Price The trend shows a massive overnight rise of 24.63% to form a bullish engulfing candle. The sudden jump of the meme coin marks another successful test of the 50% Fibonacci level.
With a market cap of $4.65 billion, PEPE price ranks 24th in the crypto world. Additionally, the trading volume of $2.24 billion, with an increase of 182% in 24 hours, reflects an increase in purchasing activity.
Additionally, the meme coin closed strong last night at $0.00001142. However, the 2.90% intraday decline reflects a minor correction and buyer exhaustion.
If the uptrend continues with a broader market rally, the PEPE price uptrend could reach the $0.000019 mark at the 1.618 Fibonacci level.
FLOKI Escape Racing Eyes $0.00040
Siphoning bullish momentum from the rising market, the FLOKI Price jumped 11.61% last night. This results in a bullish engulfing candle and challenges the 50% Fibonacci level.
Additionally, the coin’s high and higher formation even after the double bottom breakout hints at an upcoming bull run. Momentum indicators, like the RSI and DMI, support the positive trend with the underlying increase in demand.
According to Fibonacci levels, FLOKI token with a market cap of $2 billion can reach level 1.618 at $0.00040. Secondary traders can find an entry point with the meme coin price above $0.00021.
BONK Rally eyes 70% increase
With a 21% jump last night, the meme coin based on Solana BONK Price takes off for a new bull run. The bull run is accompanied by a huge
With the rally gaining momentum and a 10% jump overnight, the meme coin is challenging the 50% Fibonacci retracement level. On a positive note, the golden crossover on the 4H chart increases the possibility of an uptrend.
Depending on the Fibonacci levels, the uptrend could reach the $0.00005877 mark or the 1.618 FIbonacci level.
Will These Meme Coins Rise This Month?
With Ethereum prices rising, both altcoins and meme coins are on the rise. Additionally, the price action of each token supports the potential uptrend. Therefore, the coming month could be extremely bullish for PEPE, BONK, and FLOKI tokens.
Also discover: Top Altcoins Below $1 to Stack Now for 10x Q2 Profits!