FLOKI, PEPE & BONK Consolidating at the Gains—Is This an Indication of the Beginning of a Memecoin Mania?

Bitcoin Consolidation and Altcoin Market Dynamics

Bitcoin hovers near the $100,000 milestone, influencing major altcoins. Meanwhile, Dogecoin shows upward momentum while memecoins like FLOKI, PEPE, and BONK remain range-bound.

PEPE (PEPE) Price Analysis

PEPE consolidates within a descending parallel channel after a 116% surge, forming a potential bull flag.

However, the MACD is approaching a bearish crossover as bullish momentum wanes.

The RSI remains at the upper threshold, indicating a potential price breakout.

Resistance at $0.00001973 may lead to an overbought RSI on breakout. Conversely, a drop below interim support could ensue.

FLOKI (FLOKI) Price Analysis

FLOKI trades within a range of $0.000011-$0.000018 after losing previous highs.

The U.S. election results provided a bullish boost, lifting the price above $0.000025.

The MACD indicates a potential bearish crossover, but the RSI remains at the upper threshold.

A bullish breakout could push the price above $0.00003, while a drop below $0.00002 is possible.

Bonk (BONK) Price Analysis

BONK recently reached an all-time high of $0.00005916 and is now consolidating.

Volume has declined, reducing buying pressure as per the MACD.

The RSI has retreated from the overbought zone but remains in bullish territory.

BONK could experience a minor pullback while remaining within the bullish range and potentially creating a new ATH at $0.00006.