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The post Meme Coin Rally Strikes Again: DOGE, PEPE, SHIB FLOKI Eye 100% Spike appeared first on Coinpedia Fintech News
With a positive Wednesday, the crypto market shines bright, reflecting the underlying demand resurfacing and concluding minor pullbacks. Further, with almost 10% in Bitcoin, the meme coins are back in action as the optimism and hype around the bull market drive them.
Amidst the rising momentum, the DOGE, SHIB and PEPE are top performers with the most credibility in the meme coin market. Moreover, with the astonishing surge in these coins last night, the dynamics are changing to favor the next bull run.
So, are you prepared to ride the next surge in the meme coins sector?
Biggest Meme Coin DOGE Ignites Breakout Run
With the biggest market cap in the meme coin sector, the 9th biggest cryptocurrency in the industry finds a strong bullish footing. Following the days of correction from the peak of $0.190 to test the 38.20% Fib level at $0.1269, the DOGE price is heading back to higher levels.
In the 4H chart, the DOGE price shows a falling channel, failing to sustain the downtrend as the buyers come back. With a bullish breakout, the Dogecoin price is challenging the 61.80% Fib level and teases a bull run beyond it.
Considering the uptrend sustained following the 18% surge last night, the DOGE price could easily hit the $0.20 mark this month. In the longer term, the bull run has the potential to scale out the 2.618 Fib level at $0.32, accounting for a more than 100% jump.
Shiba Inu Double Bottom Reversal Creates Hype
Being one of the top choices in the meme coin sector, Shiba Inu is always in the news with a buzz around it. Following the remarkable jump of 360% in late Feb and early March, the exhaustion in buyers led to a pullback phase.
With almost a 45% correction, the SHIB price drops to the $0.00002451 mark from the peak of $0.00004567, leading to a declining channel. Further, the meme coin forms a bullish flag pattern with the prevailing uptrend.
As the recent rise in the meme coin’s demand aligns with a double bottom pattern forming at $0.000024, the market price skyrockets. This surge leads to a bullish breakout to surpass the overhead trendline.
As the SHIB price retests the broken trendline, the sideline traders anticipate the uptrend to test the supply pressure at $0.000040 before scaling to $0.000058.
Frog-themed Meme Coin PEPE Shines The Brightest
The PEPE price shows a massive bull run in the top-tier levels of top performers in the 4H chart. With more than an 800% surge from February 16th to March 14th, the meme coin finally takes a small pullback step.
With a 40% pullback to test $0.0000063 from the peak of $0.00001083, the PEPE price finally concludes the downfall with the 27% jump last night. The meme coin forms a morning star pattern with the huge bullish engulfing candle and teases a trend continuation.
As per the trend-based Fibonacci levels, the frog-themed altcoin could break the $0.000010 barrier once again. Optimistically, the breakout rally can lead to a jump to $0.000015.
FLOKI Price Reversal Brings Entry Opportunity
Making waves overnight, the FLOKI price showed a massive jump of 31% last night, creating a huge bullish engulfing candle. The uptrend continues today with an intraday move of 6.63% and is ready to cross the $0.00025 mark.
Taking support from the long-coming ascending trendline, the meme coin takes off with multiple green candles. Completing the correction phase of 40% in just a week, the FLOKI price shines again.
Considering the trend momentum sustains, the meme coin could scale to the $0.00043 mark before challenging the psychological mark of $0.00050.
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