Bitcoin (BTC) $103,583 price retraced to $94,000 but struggles to exceed $96,000. If the decline is over and cryptocurrencies are set for a rapid rise in May, how much will DOGE, CEEK, FLOKI, and PEPE Coin be worth? Let’s analyze the current charts and potential peaks.
Insights on CEEK and Floki Coin
CEEK Coin, which recently paused its stable ATL process, currently sits at $0.0152. Following a new low of $0.01261, we may see a test of $0.01858 in the next upswing. Although CEEK Coin has been known for stable ATL levels, it is also famous for speculative surges. Thus, long upper wicks could be observed in the $0.0228 to $0.0330 range in a generally bullish market.
Floki Coin, aiming to maintain support around $0.0000791, is preparing for a strong rebound from its recent lows. In the coming days, attempts at $0.0000992 and above could lead to reclaiming the $0.000116 support level. The crucial factor is whether BTC can maintain its momentum to reach six-digit levels.
We will soon see the first official agreements related to tariffs, which may boost the risk appetite of cryptocurrency traders. Additionally, market conditions are maturing for the first interest rate cut in the June meeting, anticipating a continuation of easing market conditions. When combining all these factors, testing $0.0001643 over the next few weeks does not seem too ambitious.
Analysis of Dogecoin (DOGE) and PEPE Coin
Elon Musk has not mentioned Dogecoin $0.237941 for 124 days. While we are not in 2021, Musk’s support was a motivator for DOGE. According to Martinez in our recent assessment, a monthly close above $0.20 could open the door to an ATH for DOGE. Currently, the largest meme coin by market cap hovers just below the critical support level of $0.18, making $0.20 a reachable target.
Gradually regaining thresholds of $0.2415 and $0.312 should not be difficult in a bullish market environment. As long as BTC remains strong next month and the ongoing risk-off atmosphere is broken.
Consistent daily closes above $0.00000858 are positive for PEPE Coin. With ETH’s decline lasting too long, a rebound is expected in that sector. As ETH prices rise, it’s normal for the popular meme coin in the network to follow suit. The May target also sees potential peaks reaching $0.0000283 as we reclaim the support of $0.00001146.