Meme Coins DOGE, PEPE, FLOKI Ready For Extended Bull Run?

The post Meme Coins DOGE, PEPE, FLOKI Ready For Extended Bull Run? appeared first on Coinpedia Fintech News

The altcoins are presenting a stronger stance this week after the Halving weekend. With a bullish reversal and a 2.47% jump in the total market cap of altcoins, the meme coins are stepping into the limelight.

Amidst the top performers, the blue-chips coins make a conservative move, and the low-cap altcoins are rising fast. Even in the meme coins, a similar situation is visible. With PEPE and FLOKI taking a jump, the DOGE and SHIB are waiting for an additional boost with overall market recovery. 

Will the meme coins make a jump this week for a new bull run? 

The #1 Meme Coin Hints At A Comeback

With a massive market cap of $23.36 Billion, Dogecoin ranks as the biggest meme coin and the 8th biggest altcoin. Trading at $0.1622, the DOGE price trend shows a 26% drop this month from the peak of $0.2198 last month. 

Tradingview

Under a correction phase, as the overall market lacks bullish momentum, the DOGE price action forms a falling channel. Further, the 4H chart showcases a death cross, reflecting a solid bearish reversal possibility. 

However, the ongoing recovery from the bottom trendline teases a jump to the overhead trendline. The uptrend will even have to face the 50% trend-based Fibonacci level. 

Optimistically, a breakout rally will lead to a moonshot move in Dogecoin and a reclaim of the psychological mark of $0.20. 

PEPE (PEPE)

Despite a weak bullish move in Dogecoin, this frog-themed meme coin offers a high likelihood of a bull run. With a $2.75 Billion market cap, PEPE stands in the top 50 altcoins. Trading at $0.000006556 and an intraday jump of 9.83%, the recovery rally in PEPE teases a breakout rally. 

TradingView

Following the bull run in early March, the meme coin undergoes a correction in the falling channel. However, the bullish recovery in the channel, accounting for a 33% jump in 5 days, teases a breakout shortly.

As the meme coin resurfaces above the 50D EMA, the sideliners anticipate an upside beyond $0.0000070. Optimistically, the breakout rally could reclaim the psychological mark of $0.000010. 

Floki Inu (FLOKI)

Ranking amongst the top performers at the start of this week, the FLOKI price trend showcases a comeback. With a bullish reversal accounting for a price jump of 40% in the last four days, the meme coin hints at an extended bull run. 

TradingView

Similar to the rest of the meme coins, the 4H chart shows a falling channel in the FLOKI price trend. Further, a death cross occurred during the correction phase. However, the ongoing bull cycle teases an extension beyond 200 EMA and challenges the overhead trendline. 

In case of a bullish breakout, the FLOKI price could hit the trend-based 50% Fibonacci level at $0.00030 mark.