Memecoin News
The potential for Meme Coins such as DOG, FLOKI, and WIF to ignite a bullish trend is anticipated.
Jun
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As Bitcoin reaches new heights of $70,000, altcoins are seeing a rise in value fueled by positive market sentiments. Meme coins like DOG, FLOKI, and WIF are leading the pack, ranking high in terms of performance. Will these community-driven coins with low market caps continue to gain momentum? Let’s take a closer look at the price charts and technical analysis of DOG, FLOKI, and WIF to find out.
## DOG Aims for $0.010 Mark in Upcoming Week
In the past few weeks, DOG has seen a significant surge in value, rising by 341%. The meme coin is on track to hit a market cap of one billion dollars and is nearing the psychological milestone of $0.010. If it breaks above this level, it could potentially see a 50% increase, reaching $0.015.
## FLOKI Boosted by Meme Coin Rally
FLOKI is maintaining a rounding bottom pattern in its daily chart during the ongoing meme coin rally. With a 10% overnight increase, the coin is showcasing a bullish trend and could potentially break out towards the $0.00042 point.
## WIF Struggles at 50% Fibonacci Level
Even though WIF experienced a bearish reversal at $4, it is currently holding strong at $3.35. The meme coin is showing signs of an uptrend, with a long-range Doji candle indicating a potential bullish comeback. A closing above the 50% Fibonacci level at $3.35 could lead to a jump in price towards $6.49.
## Will Meme Coins See Further Gains This Week?
As Bitcoin looks to reclaim $70,000, meme coins may continue their upward trend. Traders should wait for confirmation of bullish price action to gauge the market sentiment accurately.
For more insights on the growth potential of meme coins, take a look at [These Memecoins Could Enter the Top 100 Soon, Should PEPE, FLOKI or BONK be Worried?](https://coinpedia.org/price-analysis/these-memecoins-could-enter-the-top-100-soon-should-pepe-floki-or-bonk-be-worried/)