Bitcoin price movements attract significant attention from investors towards meme coins. There are valid reasons for this. Meme coins exhibit much greater volatility, and many new investors enter the market through meme coin success stories. This trend can sometimes lead to speculative price movements when BTC prices rise. So, what is the current situation with popular meme coins excluding DOGE?
Shiba Coin Analysis
The largest meme coin by market value, Shiba Coin, known as the DOGE killer, holds a unique significance. It managed to surpass Dogecoin in market value, even if only for a short period.
However, it hasn’t shown a reminiscent graph of its old days for a long time. The flat 20-day EMA ($0.000024) and RSI just above the neutral zone confirm the dullness. A breakout in the triangle is expected, but we will see when it happens. In summary, the direction here is entirely uncertain. In a bearish scenario, the bottom target is $0.000017, and in a bullish scenario, $0.000030 to $0.000033 can be tested.
FLOKI Coin Analysis
The key level here is $0.000209, and if closures continue above this, $0.00023 can be targeted. Floki Coin is a meme coin where profitable investors can wait for a long time, thus promising hope. In the opposite scenario, losing $0.000202 could lead to a drop to $0.000167.
BONK Coin Analysis
There is relative weakness here as the $0.0000253 level could not be surpassed. If it can be overcome, BONK Coin price can reach new peaks between $0.0000292 and $0.0000367. Since April 23, the price has been stuck in a narrow range, and if a downward breakout occurs, it could fall to the $0.0000138 base.
PEPE Coin Analysis
Recently breaking a new all-time high, PEPE Coin has now started profit-taking. If the $0.00000959 support is lost, sales could deepen to $0.00000654. On the other hand, there haven’t been significant profit-taking sales yet. Given that it has just reached a new ATH, another peak attempt could be seen.
