Memecoins Regains Strength as Bitcoin Recovers: WIF, FLOKI, DOGE & PEPE Price Soar

Memecoins Regain Strength as Bitcoin Recovers: WIF, FLOKI, DOGE & PEPE Price Surge

The crypto markets are recovering from recent losses triggered by Bitcoin's sharp decline from $64,500 to $56,600. This led to a significant drop in spot market capitalization, reaching lows of around $2.13 trillion. However, Bitcoin's latest recovery above $63,000 has instilled strength in the markets, including memecoins, which have been among the top performers since early trading hours.

dogwifhat (WIF) Price Analysis

dogwifhat has gained significant attention since its inception, with the price remaining under bullish influence. Despite challenges from bears, bulls have maintained dominance. Consequently, the WIF price has been surging for several days, despite interim pullbacks faced by major cryptos. The WIF price is currently testing crucial resistance at $3.3 and is expected to maintain an upward trend towards $3.8, potentially reaching $4.3.

FLOKI (FLOKI) Price Analysis

After breaking out of a consolidation phase and surging by over 800%, the FLOKI price traded within a descending parallel channel. The recent rebound from lows received strong support from bulls, resulting in a breakthrough beyond resistance. A bullish start to the next trading day above current levels could confirm a rise above the bearish trend. This could pave the way for FLOKI to reach above $0.0002 in the coming days.

Dogecoin (DOGE) Price Analysis

The Dogecoin price has defended local support at $0.12 during bearish conditions. Trading within an expanding rising channel, the token triggered a bullish rebound before reaching lower support. This move suggests that the price could rise towards the upper resistance zone between $0.169 and $0.1845. Once achieved, the price may continue its upward trajectory towards $0.2.

Pepe (PEPE) Price Analysis

Pepe's price initiated the 2024 minor bull run with an 850% jump in early March. The token consolidated within a descending parallel channel, which was broken during the recent rebound. The PEPE price has pierced above the channel's upper resistance, indicating the resumption of a bullish trend. The price is expected to maintain an upward momentum, potentially enabling the token to rise above $0.0001 in the coming days.