Bitcoin

Dogecoin

Ethereum

<p><em><strong>Investors have new long opportunities as the crypto market shows signs of renewed recovery, especially with the upcoming Bitcoin halving.</strong></em></p><h2 id="header-0">Claim Instant 100,000 Chika Tokens $100 Free New Memecoin , Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>The potential breakout from the pennant pattern could unleash buying momentum in Floki coin, while the double bottom pattern signals a BONK price rally towards $0.0000378. Additionally, the higher low formation in the daily chart suggests a continued bullish trend for WIF.</p><h2 id="header-1">Cryptocurrency Market Shows Signs of Renewed Recovery</h2><p>Following a month-long consolidation, the cryptocurrency market is experiencing a resurgence in the second week of April. The rally in Bitcoin price, surging above $70,000, is driving this renewed buying activity, lifting many major coins as they reclaim lost ground.</p><p>Wu Blockchain’s recent tweet highlights a significant <a href="https://cryptosheadlines.com/bitcoin-price-outlook-bullish-sentiments-post-2024-halving-is-it-a-buy-signal/" rel="noopener noreferrer nofollow">bullish sentiment among market participants as Bitcoin surpasses $72,000 and Ethereum breaks above $3,600.</a> Despite experiencing $148 million in liquidations over the last 24 hours, primarily from short positions totaling $103 million, the market sentiment remains positive.</p><blockquote>Binance shows that BTC has broken through $72,000 and ETH has broken through $3,600. In the past 24h, the entire network has experienced a liquidation of $148 million, of which short positions have been liquidated at $103 million.— Wu Blockchain (&#64;WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1777264535046635558?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a></blockquote><p>In contrast, meme coins are witnessing higher momentum, evident from long bullish candles in top assets such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), and Bonk. With <a href="https://cryptosheadlines.com/bitcoins-changes-code-controls-as-halving-approaches/" rel="noopener noreferrer nofollow">Bitcoin halving approaching</a>, these altcoins are expected to face further buying pressure, potentially leading to an extended rally.</p><p><a href="https://cryptosheadlines.com/sushiswaps-innovative-step-introducing-a-new-concept-in-sushi-labs/" rel="noopener noreferrer nofollow">Also Read:   SushiSwap&#39;s Innovative Step: Introducing a New Concept in Sushi Labs</a></p><h2 id="header-2">Floki: Moving Beyond Meme Status</h2><p>Floki, a cryptocurrency project named after Elon Musk’s dog, is part of the meme coin trend but seeks to establish itself by offering real-world utility. It distinguishes itself by building an ecosystem that includes an NFT marketplace, merchandise store, and educational platform called Floki University.</p><h2 id="header-3">Claim Instant 100,000 Chika Tokens $100 Free New Memecoin , Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/04/cryptosheadlines002-4.png?resize&#61;640%2C294&amp;ssl&#61;1" /></p><p>Floki Price Chart| Tradingview</p><p>In the past month, Floki’s price has traded sideways, aligning with two converging trendlines of bullish pennant patterns. However, amidst a recent relief rally in the market, the coin’s price bounced off the lower trendline at $0.000184 and surged by 18% to reach $0.000217.</p><p>This <a href="https://cryptosheadlines.com/floki-surges-30-and-breaks-into-top-100-market/" rel="noopener noreferrer nofollow">surge propelled Floki’s market</a> capitalization to $2.08 billion, with a 24-hour trading volume of $16.9 billion. Nevertheless, to regain control, buyers need to surpass the overhead trendline. A breakout beyond this line could trigger a rally, <a href="https://cryptosheadlines.com/binance-boosts-support-for-pepe-and-floki-potential-price-rally-ahead/" rel="noopener noreferrer nofollow">potentially driving Floki’s price</a> to the $0.00038 mark.</p><h2 id="header-4">BONK: A Community-Focused Memecoin</h2><p>BONK, a Solana-based memecoin, has garnered attention for its significant value increase and its commitment to being a community-driven project. Unlike some meme coins criticized for their association with venture capitalists or unclear tokenomics, BONK positions itself as a democratic and community-centric alternative.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/04/cryptosheadlines003-5.png?resize&#61;640%2C307&amp;ssl&#61;1" /></p><p>Bonk| Tradingview</p><p>During the last correction trend, BONK found solid support at the $0.0000212 level, evidenced by two noticeable bounce-backs within three weeks. The recent market upswing further strengthened this trend, driving the memecoin up by 14.4% to reach $0.000024.</p><p>Currently, BONK boasts a market capitalization of $1.57 billion, with a 24-hour trading volume of $123 million. A closer look at the daily chart reveals the recent reversal as the formation of a double bottom pattern.</p><p><a href="https://cryptosheadlines.com/2024-price-predictions-bitcoin-ethereum-xrp/" rel="noopener noreferrer nofollow">Also Read:   2024 Price Predictions: Bitcoin- Ethereum- XRP</a></p><p>With this pattern in play, BONK’s price could potentially target $0.0000378, reflecting continued bullish sentiment and market momentum.</p><h2 id="header-5">Dogwifhat (WIF): Riding the Meme Trend</h2><p>Dogwifhat (WIF) is a memecoin that has capitalized on the growing popularity of the Solana blockchain’s meme trend. Known for its quirky mascot, a <a href="https://cryptosheadlines.com/microsoft-ai-predicts-shiba-inu-price-surge-tradecurve-up-50-in-30-days/" rel="noopener noreferrer nofollow">Shiba Inu</a> dog donning a hat, reminiscent of the widely popular doge meme, WIF has garnered attention in the crypto community.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/04/cryptosheadlines004-4.png?resize&#61;640%2C307&amp;ssl&#61;1" /></p><p>Dogwifhat (WIF)| Tradingview</p><p>Over the past three days, WIF has experienced a notable surge in price, climbing from $3.18 to $4.17, marking a remarkable 30% rally. With a market capitalization of $4.7 billion, the <a href="https://cryptosheadlines.com/solana-meme-coin-dogwifhat-wif-surges-56-enters-top-300/" rel="noopener noreferrer nofollow">Dogwifhat coin has solidified its position among the top</a> 30 largest cryptocurrencies.</p><p>Presently, WIF faces a key resistance level at $4.16, with intraday gains of 10% challenging this barrier. If buyers sustain their momentum, the <a href="https://cryptosheadlines.com/dogwifhats-price-surge-is-it-set-to-surpass-pepe/" rel="noopener noreferrer nofollow">Dogwifhat price</a> may break through this resistance, paving the way for further recovery. With continued buying pressure, <a href="https://cryptosheadlines.com/should-you-buy-dogwifhat-wif-near-its-all-time-highs/" rel="noopener noreferrer nofollow">WIF could potentially target $4.8 in the near</a> term.</p><h2 id="header-6">In Summary</h2><p>With the Bitcoin halving event approaching in less than two weeks, there’s a surge in buying activity in the cryptocurrency market. Many see this as a chance for Bitcoin to become scarcer, possibly triggering a market-wide recovery. Memes-related cryptocurrencies are leading this upward trend, indicating a favorable time for employing breakout strategies.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Crypto Price Prediction: Memecoins Surge with BTC to $72K

Table of Contents

CryptosHeadlines.com

Other articles published on Apr 8, 2024

Decentralized Exchange PancakeSwap Ignites Price Rally with Major CAKE Token Burn

Cardano founder discusses common hurdles in crypto and AI sectors

Will ADA CRASH to $0 Before Bitcoin Halving?

Proposed Bitcoin Mining Ban Can Be Harmful To Paraguay’s Growth

Top 5 Leading AI Projects this 2024

Can Bitcoin (BTC) Reach $80,000 Pre Halving? Trade BTC Among Other Major Cryptos on Pullix’s (PLX...

Join our free newsletter for daily crypto updates!