Meme Coins Explode as Dogecoin and Floki Prepare for Next Bull Run

The post Meme Coins Explode as Dogecoin and Floki Prepare for Next Bull Run appeared first on Coinpedia Fintech News

As the meme coin market stands tall above the $110 billion market cap, Doge and Floki showcase a promising rally ahead. Dogecoin trades at a 52-week high, and Floki is preparing for a new all-time high. 

Will the bullish trend in these meme coins result in a massive surge ahead? Let’s find out in our latest price analysis article. 

DOGE Price Breakout Run Eyes 52W High

In the weekly chart, the Dogecoin price action shows a consecutive streak of bullish candles as it creates a new 52-week high at $0.4389. The recovery rally started near the $0.10 psychological mark and is now currently trading at $0.3856. This accounts for a surge of 274% and breaks above the 61.80% Fibonacci level. 

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Supporting the bullish trend, the uptick in crucial exponential moving averages signals a bull run ahead. Furthermore, the MACD and signal line surge as the positive histograms resurface. 

As the uptrend gains momentum, the memecoin is inching closer to challenging the $0.45 or the 78.60% Fibonacci level. The breakout of this level is likely to challenge the $0.5690. 

Will FLOKI Price Hit $1?

In the daily chart, the Floki price action shows a massive bullish trend at play. Starting at $0.00011, the meme coin has increased by 126% and is currently trading at $0.00025837. The bull run is inching closer to the 78.60% Fibonacci level price at $0.0002754. 

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As the bull run gains momentum, the exponential moving averages line maintains a positive alignment with the recent crossovers. Furthermore, as Bitcoin inches closer to the $100,000 mark, the meme coin rally is expected to gain momentum. 

In this rally, the future price targets for Floki are at $0.00032 and $0.00037. Hence, the possibility of a new all-time high in the Floki meme coin has significantly increased.

Also read: Dogecoin price prediction for 2024-2030.

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