Memecoins Regain Momentum: FLOKI Surges by More than 25%, While PEPE & DOGE Catch Up!

Memecoins Regain Momentum: FLOKI Soars by Over 25%, While DOGE and PEPE Catch Up

As Bitcoin's price momentum grows, memecoins have witnessed a remarkable upward trend. While established tokens like DOGE struggle for attention, FLOKI spearheads the rally with a surge of over 25%, followed by BONK at a 10% gain. SHIB and WIF exhibit resilience, while DOGE and PEPE record modest gains.

The question emerges: Is this resurgence the beginning of "Memecoin Mania"?

FLOKI's price trajectory remains strongly bullish, approaching its all-time high. Market sentiment has shifted towards optimism, sparking a rally characterized by a parabolic curve and breakout from the neckline. However, the bulls may face resistance before reaching further milestones.

FLOKI's broader price action indicates a diversified pattern, with new highs above $0.0004. Technical analysis suggests retracement potential, but maintains the prospect of higher highs at $0.0004, triggering a possible pullback as predicted by a cup and handle formation.

Despite this, FLOKI's leadership role among memecoins is evident. The price is poised for a sustained upward trajectory, reaching 1.2 Fibonacci levels that may invite bearish forces temporarily. After a brief consolidation, FLOKI is expected to regain $0.00004 levels and continue its ascent to new highs.