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Bitcoin (BTC) remains stagnant below the $70,000 level, causing increased volatility in some altcoins. Especially memecoins are taking advantage of this fluctuation to reach upward trends and set all-time highs. Over the past seven days, memecoins like Pepe (PEPE) have achieved over 100% returns, making them one of the best-performing altcoins. Other memecoins like Floki (FLOKI), Bonk (BONK), and BOOK OF MEME (BOME) also performed well, while Dogecoin (DOGE) and Shiba Inu (SHIB) gained momentum.
PEPE’s Price Rally Targets $0.000022
PEPE made a significant bull run, reaching an all-time high with a rolling bottom formation on the daily chart. Despite a 4.26% rise recorded on May 27, it faced a 4.25% pullback during the day. This pullback indicates a potential correction in the coming days.
Fibonacci retracement levels show PEPE is settled above the 1.618 level and is preparing for a retest. If the bulls make a successful comeback, PEPE could rise to $0.000021 or the 2.618 Fibonacci level.
FLOKI Price Trends and Potential Volatility
FLOKI reflected the sectoral uptrend led by PEPE, recording a 23.03% rise following the news of its listing on Coinbase for perpetual futures trading on May 30.
This situation indicates a potential price jump for FLOKI with upcoming surprise news, showing strength with a rolling bottom formation breakout targeting $0.00058 based on trend-based Fibonacci levels.
BONK’s Rising Channel Breakout Expectations
BONK showed a high-momentum uptrend with a 72% rise over the last 14 days. The recent bull cycle within a rising channel completed a rolling bottom formation. Last night’s 15% jump indicated a potential breakout rally with a bullish engulfing candle.
A successful breakout could raise BONK‘s price to $0.00008321, corresponding to the 1.618 Fibonacci level this week.
BOME’s Triangle Formation Breakout
BOME is steadily gaining momentum with a triangle formation breakout challenging the $0.014 level or the 61.80% Fibonacci level amid the sector-wide bull run. If the bull run continues, BOME‘s price could gain additional momentum to reach $0.023 based on Fibonacci projections.
With the broader market showing signs of a bullish trend, investors are seen acting with Fear of Missing Out (FOMO). Memecoins have taken advantage of this sentiment, showing impressive performance in recent weeks. Breakout events and upward movements make memecoins a lucrative investment option in the current crypto market.
