PEPE, FLOKI, BONK Price Analysis Hints A Bull Run

The post PEPE, FLOKI, BONK Price Analysis Hints A Bull Run appeared first on Coinpedia Fintech News

With the Ethereum ETF approval kickstarting a bull run in altcoins, meme coins are preparing for a massive rally. With the high momentum moves possible, low-cap weight, and strong community support, these are the best bets for traders. 

Being the top performers, PEPE, FLOKI and BONK are rolling with the additional boost from the market. 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 chart, the PEPE price trend shows a massive overnight surge of 24.63% to form a bullish engulfing candle. The sudden jump in the meme coin comes marks a successful retest of the 50% Fibonacci level. 

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With a market cap of $4.65 Billion, the PEPE price ranks at 24th position in the crypto world. Further, the $2.24 Billion trading volume with an 182% rise within 24 hours reflects a rise in buying activity. 

Further, the meme coin closed strong last night at $0.00001142. However, the intraday drop of 2.90% reflects a minor correction and exhaustion in buyers. 

In case the bull run continues with the broader market recovery, the uptrend in PEPE price could hit the $0.000019 mark at the 1.618 Fibonacci level. 

FLOKI Breakout Run Eyes $0.00040

Siphoning bullish momentum from the rising market, the FLOKI price jumped by 11.61% last night. This results in a bullish engulfing candle and challenges the 50% Fibonacci level. 

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Further, the higher high formation in the meme coin following the double bottom breakout teases a bull run ahead. The momentum indicators, like the RSI and DMI, support the positive trend with the underlying increase in demand.

As per the Fibonacci levels, the FLOKI token with a $2 Billion market cap can scale up to the 1.618 level at $0.00040. The sideline traders can find an entry spot with the meme coin price above $0.00021.

BONK Rally Eyes 70% Rise 

With a 21% jump last night, the Solana-based meme coin BONK price takes off for a new bull run. The bull run comes with a massive 

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With the breakout rally gaining momentum and an overnight jump of 10%, the meme coin is challenging the 50% Fibonacci retracement level. On a positive note, the golden crossover in the 4H chart increases the uptrend possibility.

As per the Fibonacci levels, the uptrend could hit the $0.00005877 mark or the 1.618 FIbonacci level. 

Will These Meme Coins Rise This Month?

With the rising Ethereum prices, the altcoins like meme coins are on the rise. Further, the price action of each token supports the potential bull run. Hence, the upcoming month could be extremely bullish for the PEPE, BONK and FLOKI tokens.