The crypto market is signaling a recovery rally as meme coins and AI cryptocurrencies bounce back from the blow of a minor correction. Amid the rapid rise in meme coins, a WIF price breakout and a FLOKI price reversal were some of the major highlights for OTC traders.
As investors wait for the right moment to take advantage of a bullish surge, here are the key levels to watch out for in these coins. So, let’s take a look at their price chart for a detailed analysis.
Will WIF Meme Token Surge to $5?
Dogwifhat’s price trend has seen a huge reversal as meme coin mania gains momentum. WIF price broke above the recent peak of $3.50, breaking a key psychological level and forming a new ATH.
Trading View
With nearly 70% gains in the past six days, trend momentum and WIF price are on the upswing. Stretching above the upper Bollinger Bands, the memecoin price is pumping the brakes for a retest event.
With the reversal after the retest, WIF price could enter April on a strong bullish tone. Considering that buyers passed the retest, the altcoin could hit the trend-based Fibonacci level target of $5.129.
Will FLOKI price reversal lead to a breakout of the 50% Fibonacci level?
FLOKI price is benefiting from the resurgent market momentum after ending the recent pullback. The memecoin is back in play as it rebounded from the confluence of an ascending support trendline and the $0.00018 demand area.
Trading View
Furthermore, the altcoin is showing a clear rounding bottom pattern on the 4-hour timeframe. With the trend continuation pattern in place, FLOKI price aims to breakout and bounce to continue the current uptrend.
As per the trend-based Fibonacci levels and the neckline of the round bottom, $0.00030 is the key resistance level. Considering the uptrend of FLOKI above $0.00030, the meme coin could touch the $0.00043 mark.
in conclusion
The price action of FLOKI and WIF is preparing for the next massive rally. In addition, the altcoin season is about to begin, and the Bitcoin halving in April is getting closer. In this case, the entire market expects memecoins to rise sharply.
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