With growing volatility in the crypto market, meme coins face challenges in resuming a bullish trend. Despite surpassing critical resistance levels, the lack of momentum keeps them at lower levels. Will these coins break through this week? Find out in the analysis below.
Dogwifhat (WIF) — Price Analysis
WIF shows an increase in bullish momentum following the breakout of a falling wedge. Higher highs indicate a recovery rally. A local support trendline maintains the uptrend. The bullish trend in the 50D and 200D EMA gains strength after a golden crossover. A breakout at the 38.20% Fibonacci level at $2.52 could push the price to the 61.80% level at $3.31 in the coming days.
Floki — Current Scenario
FLOKI surpassed a falling channel, but the breakout lacks momentum, resulting in a sideways trend. It fails to surpass the 50D and 200D EMA below the $0.00014 level. A decisive uptrend requires breaking the $0.00017 mark. Resistance levels are at $0.00021 and $0.00032.
BONK — Growth Prospects
BONK indicates a breakout as the lower high trend concludes, but growth stalls at key EMAs amid market pullback. The golden crossover of the 50D and 200D EMA is delayed but supported by dynamic lines. A pullback coincides with the trendline breakout retest. A bullish reversal is expected at $0.0023 and $0.0033 based on price action and Fibonacci analysis.
Meme coins await a new rally amid market volatility. The upcoming days could be crucial for their growth potential if they overcome the marked resistance levels and maintain an uptrend.