Price Analysis View Non-AMP

Will Meme Coins Like PEPE, FLOKI and BONK Give A 2x Surge?

Published by
Sohrab Khawas

As the crypto market bounces back, with the Bitcoin price surpassing the $65,000 barrier overnight, the meme coins seem slightly under the weather. Under a healthy correction, they are awaiting their next massive jump. 

The meme coins could skyrocket soon, with the altcoins siphoning additional bullish momentum from the recovering market. However, the low-cap coins project better chances of a quick and bigger jump in the coming weeks. So, let’s have a closer look and check out the price analysis of some high-potential altcoins. 

PEPE Price Retest Preps Another Spree

One of the best-performing meme coins in 2024, PEPE price action shows a falling wedge breakout rally completing a rounding bottom reversal. The uptrend exceeds the $0.000010 psychological mark but showcases retest in action. 

Tradingview

With the VI lines in a positive alignment and the uptrend in ADX, the DMI indicator shows a bullish trend in action. The underlying demand for the PEPE meme coin shows a high likelihood of a price jump. 

In case of a bullish trend, the PEPE price could reach the $0.000019 mark. On the flip side, a drop under $0.000010 could test the $0.00000925 support.

Uptrend In Floki Eyes $0.00042

With a bull run in motion, the FLOKI price action shows a falling wedge rally gaining momentum with a double bottom. As the meme coin exceeds the neckline at $0.00019, the resistance at $0.00021 leads to a retest of the bullish breakout. 

Tradingview

Currently, the FLOKI price consolidates within two crucial Fibonacci levels and awaits a surge in buying pressure. A bullish trend will pump the meme coin to the 1.618 Fibonacci level at $0.00040. However, a slip under $0.00019 will nullify the breakout and dump it to $0.00016.

Solana’s Meme Coin Preps Double Bottom

The biggest meme coin in the Solana ecosystem, the BONK price action displays a wedge pattern breakout. Further, similar to Floki, it attempts a double bottom reversal for additional momentum. 

Tradingview

As the meme coin takes support at the 50D EMA and the 38.20% Fibonacci level, the uptrend chances are improving. However, the lack of RSI divergence questions the uptrend. 

Considering that the broader market will improve, the BONK price could surpass the neckline at $0.000028. In such a case, the breakout rally could reach the $0.00003786 mark. 

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Ethereum Price Struggles Amid Macroeconomic Uncertainty: Will ETH Rebound?

Amid the notable macroeconomic uncertainty caused by the tariff trade wars, Ethereum (ETH) price has…

April 2, 2025

$1.67B Stolen in Q1 2025 – Top Crypto Hacks Revealed!

The first quarter of 2025 was a rollercoaster for the crypto world. Governments pushed for…

April 2, 2025

Ethereum Price Prediction for Q2 2025—Will ETH Price See a Strong Recovery Past $2500?

After experiencing 4 red months in a row, the minor rise in the Ethereum (ETH)…

April 2, 2025

Bitcoin Funding Rates Turn Negative: What It Means for BTC’s Future

In the last 30 days, the Bitcoin market has dropped by around 9.7%. Currently, the…

April 2, 2025

Giorgi Shonia on Critical Steps if Crypto is to Succeed Long-Term

It’s 2025 and we’re pretty honest when we say that crypto has never been bigger.…

April 2, 2025

LiteFinance Launches Largest Crypto Trading Challenge with $1,000,000 Prize Pool

The contest is devoted to the company's 20th anniversary.LiteFinance is running a large-scale contest in…

April 2, 2025