With Bitcoin momentarily crossing above $70,000, the improvement in general market sentiments pumps the altcoins for an overnight jump. Amidst the market jump, the meme coins are the torchbearers of the bull run.
With the DOG, FLOKI, and WIF ranking high on the performance leaderboard, the uptrend is gaining momentum in these low-cap community-driven coins. Will the bull run in these coins continue this month for a massive jump? Let’s examine the price chart and technical analysis of DOG, FLOKI, and WIF to learn more.
With a rounding bottom reversal in the daily chart, the DOG price trend showcased a massive jump in the past few weeks. The bullish trend in the meme coin accounts for a price jump of 341% in the last three weeks.
With the market cap approaching a billion dollars, the meme coin is heading to the psychological milestone of $0.010. As per the trend-based Fibonacci retracement levels, the uptrend in DOG price is ready to challenge the 1.618 level.
A bullish breakout rally above the $0.010 mark can reach the $0.015 mark for a 50% price jump.
As the meme coin rally continues, the FLOKI price trend sustains the rounding bottom pattern in the daily chart. The bullish continuation pattern shows a neckline at the $0.00030 mark.
Currently, the meme coin shows an overnight jump of 10% to reinstate the bullish tone. This reassures the uptrend continuation and bolsters the possibility of a breakout rally.
As the trend-based Fibonacci levels, a bullish conclusion to the continuation pattern can target the $0.00042 level.
Following the bearish reversal from the $4 mark, the WIF price resonates near the $3.35 mark. Nevertheless, with a solid support trendline, the meme coin presents an uptrend in motion.
With an overnight surge in volatility, the long-range Doji candle teases a bullish comeback. A bullish closing above the 50% Fibonacci level at $3.35 will refuel the uptrend for a price jump this week.
A resurgence in demand for the meme coin will increase the WIF price to the $6.49 mark.
With a broader market recovery possibility as Bitcoin aims to reclaim the $70,000, the meme coins could surge higher this week. However, the cautious sideline traders can wait for a price action confirmation with a bullish closing today.
Also Check Out : These Memecoins Could Enter the Top 100 Soon, Should PEPE, FLOKI or BONK be Worried?
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