• 29 June, 2024
Market News News

Floki, Dogecoin, MEME, and BONK Eye Bullish Trends for June

Floki, a popular meme coin, has been making waves in the crypto market, with its new all time high at $0.0003462. In crypto analyst ZAYK’s recent X post, he highlighted Floki’s remarkable performance, noting an over 80% gain.  ZAYK predicts a breakout to the upside, forecasting a sharp price rise.

The significant price surge began in early May and has persisted into June, showcasing a robust bullish pattern. This uptrend was particularly evident when Floki broke through a key descending trend line, signaling a shift in market dynamics. 

This breakout, captured in a 1D timeframe chart on TradingView, suggests strong investor confidence fueled by positive developments in the Floki Inu community and broader market optimism. Over the past 24 hours, Floki’s price has surged more than 24%, currently at $0.000329, indicating a bullish trend.

Dogecoin, a leading meme coin, has been spotlighted by crypto analyst Clifton Fx in his latest analysis. The analyst shared his insights on X, backed by a TradingView chart, hinting at a promising bullish pattern for Dogecoin. The analysis predicts a notable uptrend, suggesting the cryptocurrency might be gearing up for a substantial rally.

According to Clifton Fx, Dogecoin has consistently tested a support level at $0.1628 while forming lower highs, a characteristic of a descending triangle observed since early March. This technical formation could either continue the current trend or signal a potential reversal. 

Crypto Market Mixed: Bitcoin (BTC) Steady at $69K, Toncoin (TON) and BNB Rise

The anticipation builds around a possible upward breakout, which Clifton Fx believes could propel Dogecoin’s price by as much as 55.82%, targeting a future price point of $0.25. At the time of writing, Dogecoin’s price has been trading at $0.1641, with a strong surge of 3.76% over the past 24 hours.

Crypto analyst ZAYK recently highlighted a notable trend reversal for the MEME/USDT pair. After a challenging period, MEME broke through a key descending resistance, signaling possible gains. This positive shift is marked by green candlesticks on the 12-hour chart, reflecting a strong buying interest. 

The breach occurred as the price met a long-standing trendline, enhancing the chances for a sustained upward movement. Trading volumes spiked during this phase, indicating robust participation. 

If MEME maintains above this critical level, it could climb as high as $0.049, marking a 58.2% increase from the breakout point. Memecoin (MEME) is currently at $0.03058, with a surge of 5% in the past 24-hours.

BONK, a meme coin, is set for a bullish summer. Crypto analyst Cold Blooded Shiller shared technical charts on TradingView, highlighting Bonk’s (BONKUSD) price action. The daily chart shows a breakout above resistance, with the price trading higher, targeting 0.0000055 USDT. 

The 12-hour chart captures a steady upward trend with higher highs, indicating strong buying interest. Key resistance at 0.0000047 USDT, if surpassed, could lead to new highs. Bonk price is at $0.00003484, with a 24-hour surge of 9%, indicating a bullish trend.

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