From a technical standpoint, the SHIB price has rallied over 30% within a week. Currently, it trades at $ $0.000008980 with bullish momentum and may continue to skyrocket in the coming sessions.
It has bounced off the demand zone of $0.000006800 and established a breakout of the descending wedge pattern.
Currently, it is attempting to violate the ongoing supply zone of $0.00001080, which could open the doors toward the target of $$0.00001180 for the upcoming months.
FLOKI (FLOKI): Breakout Setup in Progress
As SHIB gained momentum, FLOKI appeared to be next in line as it was on the verge of a range breakout. Over the past month, FLOKI price was caged inside a tight zone and remained sideways.
This week, buyers stepped in and the memecoin rallied over 40% and targets to clear the next crucial zone of $0.00005700.
Furthermore, a recent post on X by PostyXBT highlighted that FLOKI has showcased strength in the past few sessions and broke out of a downtrend.
It is building bullish momentum and may form a series of higher highs and higher lows ahead. Currently, FLOKI trades at $0.00005623 and looks stable above the 20 EMA.
Bonk (BONK): Strong Momentum Continues
In contrast, BONK is showing strong momentum and remains in the limelight. Linked with the Solana ecosystem, BONK showcased higher trading activity and stronger demand.
BONK has broken the descending trendline and is holding strong above the resistance zone of $0.00001000. Currently, Bonk (BONK) trades at $0.00001166, rallied over 45% in a week.
Per the recent post by theUnipcs, BONK price action looks interesting and seems ready for a major move. The major resistance to watch out is near $0.00001250 – $0.00001400, while the strong support zone exists around $0.00001000.
Overall, bullish momentum is gradually returning across the meme coin space, SHIB, FLOKI and BONK are entering into the bullish phase.
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