Memecoins
PEPE, FLOKI and BONK Meme Coins Reveal Massive Bull Run Ahead
As the Ethereum Price crosses the $3,900 level with a 2.75% jump to start Asian trading hours, meme coins follow. As the bullish trend continues in trendy pieces such as PEPE, FLOKI and BONK, this week heralds a massive jump.
With double-digit gains last week, reaching almost 100% in PEPE, will the meme coin see a similar surge in demand this week? Or is a correction imminent on high volatility coins?
Let’s take a closer look at the price chart and technical analysis of PEPE, FLOKI and BONK to find out more.
75% increase in PEPE Meme Coin Eyes to $0.000031 this week
In the weekly chart, the PEPE Price explodes for a supersonic moonshot, reaching an all-time high of $0.00001685. Currently, the meme coin is trading near this level and is challenging the 1.618 Fibonacci level for another breakout rally.
With a market capitalization poised to reach $7 billion, Pepecoin is now the third largest coin on the market. However, it needs to double in size to compete with No. 2, Shiba Inu, which has a market cap of $14.42 billion.
With an intraday gain of 3.63% and a massive 75% jump last week, this sets a bullish path for this week. A rally above $0.00001678 could extend the bull run to $0.000024 or $0.000031 this week.
FLOKI Reversal Rally Targets New All-Time High
As the coin industry explodes, the FLOKI parts prices takes a bullish reversal to extend the bull run. The increase in demand to $0.00015 results in a reversal of the rounded bottom and reveals a neckline at $0.0002737.
The meme coin is up 61% over the past six weeks and is heading toward the neckline for another breakout rally. This move will extend the high formation and provide a bullish entry opportunity.
As the trend-based Fibonacci level has retraced the February bullish move, the rally may target the $0.00039 level. With an intraday gain of 7.88%, FLOKI could optimistically reach the 1.618 Fib level at $0.00054.
Rising channel in the eyes of BONK 100% on the rise
With a 35% increase last week, the 1W chart of BONK Price presents a bullish engulfing candle. Additionally, the meme coin shows an ascending channel pattern in the daily chart and is eyeing a breakout rally.
With the broader market recovery, the chances of a breakout increase for BONK. According to the Fibonacci levels, the rally of the meme coin could reach the Fibonacci level of 1.618 to $0.000082 this week. With some optimism, the uptrend could challenge the psychological mark of $0.00010.
Will These Meme Coins Give Bullish Returns This Week?
With Ethereum prices rising, meme coins can capitalize on increased demand and investor confidence for an extended bull run. Additionally, technical analysis of PEPE, FLOKI and BONK predicts a breakout rally this week. Therefore, high yield entry opportunities could present themselves this week for secondary traders.
Also discover: Bitcoin, Ethereum and XRP Price Prediction: Altcoins to Launch the Bull Rally?