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Memecoin Mania Recap: FLOKI, BONK, and SHIB Ride the DOGE Price Surge

Mar 28, 2024

The recent surge in Bitcoin price has brought hope for a strong rally at the end of the quarter, leading to a surge in memecoins and AI tokens. The rally started with Dogecoin, which surpassed $0.22, followed by memecoins like Floki, Bonk, and Shiba Inu soaring with significant gains.

Floki (FLOKI)

Floki Price

  • After trading in a narrow range for over a year, Floki price has seen a significant uptrend at the beginning of the month.

  • Despite an initial failure to surpass the ascending trend line, a recent recovery from 0.5 FIB levels has raised hopes for further gains above $0.0003.

  • The RSI is bullish, and a recent bullish divergence supports the upward movement.

  • With an 8% jump in the past 24 hours, momentum is expected to remain high and potentially lead to double-digit gains soon.

Bonk (BONK)

Bonk Price

  • Bonk price has been extremely bullish since the end of 2023, with a significant rally of over 6000% from its lows.

  • Despite a rebound before hitting new lows, technicals have not turned bullish as DMI heads towards the lows.

  • This bearish indication suggests a potential minor pullback to $0.000025, followed by a rebound to the key resistance zone at $0.000035.

  • A surge in liquidity could trigger a strong rebound to new highs beyond the resistance zone.

Shiba Inu (SHIB)

Shiba Inu Price

  • Shiba Inu price has been in a bearish trend throughout 2022 and 2023 but started a strong bullish move in 2024.

  • The recent rebound has pushed the price towards the upper resistance zone, signaling a potential new bull run.

  • The Gaussian channel has turned bullish, indicating bullish dominance in the rally.

  • With the RSI at the upper threshold, a rise above $0.00004 seems likely, and if bulls maintain strength, the rally could target higher levels.

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