Meme Coins Price Analysis: WILL SHIB, PEPE, FLOKI, DOGE Explode This Week?
The post Meme Coins Price Analysis: WILL SHIB, PEPE, FLOKI, DOGE Explode This Week? appeared first on Coinpedia Fintech News
With astounding returns in the last two weeks, the meme coin rally continues to break higher levels. As the growing volumes in the meme coins signal an upcoming altcoin season, the Bitcoin price is preparing for a new all-time high supporting the thesis.
As the altcoins market cap reaches the $1.113 Trillion milestone, the altcoins season is coming stronger than ever. Hence, with the potential for further hikes in the meme coins, let’s have a look at the top meme coins.
Shiba Inu (SHIB)
Source – Tradingview
Also known as the DOGE-Killer, Shiba Inu, the second biggest meme coin, is on a supersonic path to recovery. Amongst the top meme coins, the SHIB price is racing at a quick speed. With an almost 300% surge within ten days, the DOGE-Killer is heading for its all-time high.
Breaking above the 50% Fibonacci level in the weekly chart, Shiba Inu price signals a trend reversal. Further, the meme coin is heading to reclaim the psychological mark of $0.000050 shortly.
Currently, the SHIB price trades at $0.00003850 with an intraday growth of 7.13% signaling strong momentum. Considering the uptrend continues, the meme coin can create a new all-time high in 2024. However, a short pullback phase is possible in the coming weeks for a retest.
PEPE (PEPE)
Source- TradingView
With the biggest and the quickest leap in the top meme coins, PEPE has showcased a 441% surge from last 26th February. Carving out two huge bullish engulfing candles in the weekly chart, the meme coin undermines the prevailing downtrend.
Surpassing the all-time high during the listing phase, the PEPE coin is trading at unforeseen levels. Further, the trading volumes are astronomical supporting the uptrend possibility for PEPE.
Currently, the PEPE price trades at $0.00000746 with an intraday growth of 6.40% and prolongs the bullish candles streak.
Dogecoin (DOGE)
Source – TradingView
As the biggest meme coin in the crypto industry, the DOGE price is waking up after years of downtrend. Despite the rally led by newcomers, the Dogecoin ranks at the top and is rising at a similar speed.
With a bull run of 115% in this buying frenzy, the meme coin is heading to surpass the 23.06% Fibonacci level and signal a trend reversal. Hence, a closing above $0.1780 in the weekly chart can signal a stronger bounce back in DOGE.
Currently, the DOGE price trades at $0.1809 with a long range Doji candle signaling a short breather phase coming. Hence, the week could find a pullback as the buyers might become exhausted. Nevertheless, an overall uptrend can lead the DOGE price higher to $0.31 at the 50% Fib level after the Bitcoin Halving.
FLOKI (FLOKI)
Source – TradingView
With the most dramatic and bullish charts in the meme coins, FLOKI price stands out as the top performer after PEPE. With an almost 300% jump last week, the remakrble bullsih engulfing candle changes the entire price dynamic.
Coming true to the udnerlying meaning of high volatitly in meme coins, the FLOKI price gives a bullsih breakout of an ascending triangle. This week, the FLOKI coin showcases a short pullback of 9.39% as the exhaustion in buyers kicks in. Creating a piercing candle, a retest is possible in the FLOKI prices.
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