Memecoins
Prices of WIF, FLOKI, DOGE and PEPE skyrocket
Crypto markets are recovering from the recent loss caused by the drastic drop in the price of Bitcoin from around $64,500 to $56,600. This led to a massive drop in spot market capitalization, which bottomed out at around $2.13 trillion. However, the latest recovery in BTC price above $63,000 has induced the required strength in the markets, as well as memecoins, which have been among the best performers since the early trading hours.
dogwifhat (WIF) Price Analysis
dogwifhat has attracted immense attention since the beginning as the price remained under bullish influence. Despite an ongoing brawl with the Bears, the Bulls maintained significant dominance. Consequently, the WIF Price has increased in recent days, regardless of the interim pullback faced by major cryptos. Therefore, WIF price, which is testing crucial resistance at $3.3, is likely to maintain a healthy rise to $3.8, which could open the way to $4.3.
FLOKI (FLOKI) Price Analysis
After breaking out of consolidation and surging over 800%, FLOKI price was trading in a descending parallel channel. The recent rebound from the lows received immense support from the bulls as a nice breakout past the ongoing resistance. A bullish start to the next day’s trading above levels could certify a rise beyond the bearish well. This could pave the way for FLOKI price to rise above $0.0002 in the coming days.
Dogecoin (DOGE) Price Analysis
THE Dogecoin Price defended local support at $0.12 during extreme downtrend. The price is trading in an expanding ascending channel and before reaching the lower support, the token triggered a bullish rebound. This move allowed the price to rise towards the upper resistance zone between $0.169 and $0.1845. Once this is done, the price could maintain a healthy rise to reach $0.2.
Pepe (PEPE) Price Analysis
Pepe price kicked off the small bull run of 2024 by triggering an 850% jump in the first days of March. The token further consolidated in a descending parallel channel, which was broken during the recent rebound. THE PEPE Price broke through the upper resistance of the channel, suggesting the rebirth of a new bullish period. The price is believed to maintain a healthy rise, which could allow the token to surpass $0.0001 in the coming days.