Meme Coins Explode as Dogecoin and Floki Prepare for Next Bull Run

As the meme coin market stands tall above the $110 billion market cap, Doge and Floki showcase a promising rally ahead. Dogecoin trades at a 52-week high, and Floki is preparing for a new all-time high. 

Will the bullish trend in these meme coins result in a massive surge ahead? Let's find out in our latest price analysis article. 

DOGE Price Breakout Run Eyes 52W High

In the weekly chart, the Dogecoin price action shows a consecutive streak of bullish candles as it creates a new 52-week high at $0.4389. The recovery rally started near the $0.10 psychological mark and is now currently trading at $0.3856. This accounts for a surge of 274% and breaks above the 61.80% Fibonacci level. 

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Supporting the bullish trend, the uptick in crucial exponential moving averages signals a bull run ahead. Furthermore, the MACD and signal line surge as the positive histograms resurface. 

As the uptrend gains momentum, the memecoin is inching closer to challenging the $0.45 or the 78.60% Fibonacci level. The breakout of this level is likely to challenge the $0.5690. 

Will FLOKI Price Hit $1?

In the daily chart, the Floki price action shows a massive bullish trend at play. Starting at $0.00011, the meme coin has increased by 126% and is currently trading at $0.00025837. The bull run is inching closer to the 78.60% Fibonacci level price at $0.0002754. 

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As the bull run gains momentum, the exponential moving averages line maintains a positive alignment with the recent crossovers. Furthermore, as Bitcoin inches closer to the $100,000 mark, the meme coin rally is expected to gain momentum. 

In this rally, the future price targets for Floki are at $0.00032 and $0.00037. Hence, the possibility of a new all-time high in the Floki meme coin has significantly increased.

Also read: Dogecoin price prediction for 2024-2030.

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