Bitcoin price recovery has also started a rise in altcoins, particularly benefiting meme coins. DOGE and almost all meme coins have turned green, with some even achieving double-digit gains. What are the current predictions for SHIB and BONK Coin?
Shiba Coin Price Forecast
At the time of writing, Shiba Coin has risen over 14%, trading at $0.0000266. BTC price fluctuations have left it as the second-largest meme coin by gains, surpassing DOGE. The excitement around Bitcoin‘s halving has solidified its price above $64,000, aiding this recovery.
It has maintained a significant portion of its gains since the rally accelerated on February 26. The price is still about 200% above where it was approximately 1.5 months ago. Despite some dips to lower levels, there have been no closures below the $0.00002110 support in 49 days, reflecting the strength of the bullish sentiment.
Now, Shiba Coin’s price is on the verge of a new breakout level. If it starts closing above $0.00002796, it could target the peaks of $0.00003287 and $0.00003941. In the opposite scenario, testing the 49-day support is expected.
BONK Coin Price Forecast
Here too, bulls have maintained $0.00001347 as support. Following the recovery in SOL Coin price, BONK Coin has compensated for its rapid losses. It is now expected to close above $0.00002210, targeting $0.00002507 and $0.00002948. If successful, a new ATH journey could start above $0.00003437.
In the opposite scenario, closures below support could trigger a new low at $0.00001139. Currently, BONK Coin’s price is up 32% for the day. Moreover, no one among the top 100 cryptocurrencies has surpassed BONK Coin in terms of percentage gains, marking a definite, strong, and assertive comeback.
Especially, the increased short-term interest in meme coins also indicates that a new rally wave in altcoins could begin. Generally, after BTC shows extreme weakness, a surge in interest in meme coins often precedes major rallies across altcoins.
