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<p>The post <a href="https://coinpedia.org/price-analysis/will-meme-coins-like-pepe-floki-and-bonk-give-a-2x-surge/">Will Meme Coins Like PEPE, FLOKI and BONK Give A 2x Surge?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As the crypto market bounces back, with the Bitcoin price surpassing the $65,000 barrier overnight, the meme coins seem slightly under the weather. Under a healthy correction, they are awaiting their next massive jump.&nbsp;</p> 
<p>The meme coins could skyrocket soon, with the altcoins siphoning additional bullish momentum from the recovering market. However, the low-cap coins project better chances of a quick and bigger jump in the coming weeks. So, let’s have a closer look and check out the price analysis of some high-potential altcoins.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-pepe-price-retest-preps-another-spree">PEPE Price Retest Preps Another Spree</h2> 
<p>One of the best-performing meme coins in 2024, PEPE price action shows a falling wedge breakout rally completing a rounding bottom reversal. The uptrend exceeds the $0.000010 psychological mark but showcases retest in action.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/gLNcfiARTktW2DfTzxPEnv4EXnTXjDiFifaLSIwgvrVizdu4PjoXkPj6V1sexuzlgKBUM6RroXwpyrmswQMUVp9sZpcDxde-4m4L_i5qIcUUSGl5QEDQ4YedcaC67pjsoblJKQRgn1ok1vjT0AoWRyE" alt="">
</figure> 
<p><a href="https://www.tradingview.com/x/GJe24BmH/">Tradingview</a></p> 
<p>With the VI lines in a positive alignment and the uptrend in ADX, the DMI indicator shows a bullish trend in action. The underlying demand for the PEPE meme coin shows a high likelihood of a price jump.&nbsp;</p> 
<p>In case of a bullish trend, the PEPE price could reach the $0.000019 mark. On the flip side, a drop under $0.000010 could test the $0.00000925 support.</p> 
<h2 class="wp-block-heading" id="h-uptrend-in-floki-eyes-0-00042">Uptrend In Floki Eyes $0.00042</h2> 
<p>With a bull run in motion, the FLOKI price action shows a falling wedge rally gaining momentum with a double bottom. As the meme coin exceeds the neckline at $0.00019, the resistance at $0.00021 leads to a retest of the bullish breakout.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/5Cy74jYP6j6kA7FxSwbd1Zl2f5xBQDu95lkMKsTgZPs7QaAWgAmkLYhvVX5DSMdafCXexxJvPVVcTp_AS3l_TcG7PL5A-PTH3tOzEaCBKw-07IIxst4cExgZT1C2H8GU2X11dA2rZIowe_fCOT26w9Q" alt="">
</figure> 
<p><a href="https://www.tradingview.com/x/cjB2S0Uy/">Tradingview</a></p> 
<p>Currently, the FLOKI price consolidates within two crucial Fibonacci levels and awaits a surge in buying pressure. A bullish trend will pump the meme coin to the 1.618 Fibonacci level at $0.00040. However, a slip under $0.00019 will nullify the breakout and dump it to $0.00016.</p> 
<h2 class="wp-block-heading" id="h-solana-s-meme-coin-preps-double-bottom">Solana’s Meme Coin Preps Double Bottom </h2> 
<p>The biggest meme coin in the Solana ecosystem, the BONK price action displays a wedge pattern breakout. Further, similar to Floki, it attempts a double bottom reversal for additional momentum.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/8UxFtsQ41ekh58Nwj_RVAkOcihwsF2uVn_a2Uk7C8T2hnsjFyxZzVvjbShbBDD9i_T3IMWEU0F8ss2FRcVAOH68QrBSYgfaoRqpo01qUGddMvn2LysrTAVwUlTA_0P_90RRut8uQCnr6sCMn1j1Nhxk" alt="">
</figure> 
<p><a href="https://www.tradingview.com/x/XzE48Ek7/">Tradingview</a></p> 
<p>As the meme coin takes support at the 50D EMA and the 38.20% Fibonacci level, the uptrend chances are improving. However, the lack of RSI divergence questions the uptrend.&nbsp;</p> 
<p>Considering that the broader market will improve, the BONK price could surpass the neckline at $0.000028. In such a case, the breakout rally could reach the $0.00003786 mark.&nbsp;</p>

Will Meme Coins Like PEPE, FLOKI and BONK Give A 2x Surge?

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