Memecoins
WIF, FLOKI, DOGE AND PEPE Price increase
Cryptocurrency markets are recovering from the recent loss caused by the drastic drop in the price of Bitcoin from around $64,500 to a low of $56,600. This led to a massive decline in the spot market capitalization, which hit lows of around $2.13 trillion. However, the latest recovery of BTC price above $63,000 has induced much-needed strength in the markets, along with memecoins, which have been among the top performers since the first hours of trading.
dogwifhat (WIF) Price Analysis
dogwifhat has gained tremendous attention since the beginning, as the price has remained under a bullish influence. Despite the ongoing brawl with the Bears, the Bulls have maintained significant dominance. Consequently, the WIF price has increased in recent days, regardless of the temporary retreat faced by major cryptocurrencies. Therefore, the WIF price, which is testing a crucial resistance at $3.3, is expected to maintain a healthy recovery to $3.8, which could further pave the way for reaching $4.3.
FLOKI (FLOKI) Price Analysis
After breaking out of the consolidation and rising more than 800%, FLOKI price was trading inside a descending parallel channel. The recent bounce off the lows has received immense support from the bulls, representing a nice step forward beyond the existing resistance. A bullish start to the next day’s trade above the levels could certify a rise above the bearish level. 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 the local support at $0.12 in times of extremely bearish trend. The price was trading within an expanding ascending channel and before reaching the lower support, the token triggered a bullish bounce. This move meant that the price could rise towards the upper resistance zone between $0.169 and $0.1845. Once it does, the price could maintain a healthy recovery until it reaches $0.2.
Pepe (PEPE) price analysis.
Pepe price began the minor bull run of 2024 by triggering an 850% jump in the first days of March. The token further consolidated within a parallel descending channel, which was broken during the recent bounce. THE Price PEPPER it surpassed the upper resistance of the channel, suggesting the resumption of a new bullish period. The price is believed to maintain a healthy recovery, which could allow the token to surpass $0.0001 in the coming days.