Memecoins
PEPE, FLOKI, BONK meme coins reveal a huge bull run ahead
As the Ethereum price breaks above the $3900 level with a 2.75% jump to start Asian trading hours, followed by meme coins. With a bull run continuing in trending coins like PEPE, FLOKI, and BONK, expect a huge jump this week.
With last week’s double-digit gains, nearly reaching 100% in PEPE, will the meme coin experience a similar surge in demand this week? Or is a correction imminent for highly volatile coins?
Let’s take a closer look at the price chart and technical analysis of PEPE, FLOKI and BONK to know more.
75% jump in PEPE Coin Eyes meme $0.000031 this week
In the weekly chart, the Price PEPPER explodes for a supersonic moonshot, hitting an all-time high of $0.00001685. Currently, the meme coin is trading near this level and challenges the 1.618 Fibonacci level for another breakout rally.
With a market capitalization approaching $7 billion, Pepecoin is now the third largest meme coin on the market. However, it needs to double in size to compete with No. 2, Shiba Inu, which has a market capitalization of $14.42 billion.
With an intraday gain of 3.63% and a massive 75% jump last week, a bullish path is in sight for this week. A rally above $0.00001678 could extend the bull run to $0.000024 or $0.000031 this week.
Reversal Rally in FLOKI Eyes New All-Time High
As the meme coin industry explodes, the Price of FLOKI coins requires a bullish reversal to prolong the bull run. Rising demand at $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 headed to challenge the neckline for a new disruptive rally. This move will prolong the formation of higher highs and provide a bullish entry opportunity.
As the trend-based Fibonacci level has pulled back during the February bull run, the breakout 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.
Channel rising in eyes BONK 100% upward
With a 35% increase last week, the 1W chart of the VERY GOOD price shows a bullish engulfing candle. Furthermore, the meme coin shows a rising channel pattern on the daily chart and expects a breakout rally.
With the broader market recovery, the breakout possibilities for BONK are increasing. According to Fibonacci levels, the meme coin’s breakout rally could reach the 1.618 Fibonacci level to $0.000082 this week. Optimistically, the uptrend could challenge the psychological limit of $0.00010.
Will these meme coins give bullish returns this week?
As Ethereum prices rise, meme coins can benefit from increased demand and investor confidence for a prolonged bull run. Furthermore, the technical analysis of PEPE, FLOKI and BONK suggests an exceptional rally this week. Therefore, high-yield entry opportunities may open up for collateral traders this week.
Also check: Bitcoin, Ethereum and XRP Price Prediction: Will Altcoins Kickstart Bull Rally?