Popular meme coin price predictions: BONK, WIF, FLOKI bullish momentum strengthens, Bitcoin (BTC) dominance falls below 65%

Bonk (BONK), Dogifwhat (WIF), and Floki (FLOKI) are gaining bullish momentum, as the weekly rebound touches key resistance levels, and further increases are expected. Bitcoin (BTC) dominance has fallen below 65%, making meme coins the most likely candidates to lead the next bull run.

The shape breakout of BONK needs another bullish close for the rebound

FXStreet analyst Vishal Dixit stated that it rose over 2% on Friday, following a 12% surge the previous day, reaching a new 30-day high. The meme coin broke through the head and shoulders pattern, with the closing price neckline on the daily chart on May 10 located at $0.00002375.

As BONK surpasses the neckline, it also exceeds the 50% Fibonacci retracement level of $0.00002350, which is between the high of $0.00006230 on November 20 and the low of $0.000000886 on April 7.

If BONK maintains the neckline breakout, the target may be the 61.8% Fibonacci level at 0.00002958 USD, followed by the 78.6% level at 0.00004105 USD.

Technical indicators show a buy signal from the crossover of the 50-day and 100-day Exponential Moving Averages (EMA).

When the Relative Strength Index (RSI) enters the overbought zone, the momentum indicator shows a bullish bias, while the Moving Average Convergence Divergence (MACD) indicator shows that the MACD and its signal line are on an upward trend.

If BONK fails to maintain above the 50% Fibonacci level, the 200-day EMA at $0.00001871 may absorb the incoming supply.

(Source: Trading View)

The goal of WIF is to surpass the 200-day EMA

WIF reclaimed the $1.00 round number and moved slightly higher, challenging the 200-day moving average of $1.066. The bearish wedge breakout of WIF continued the momentum of the third consecutive bullish candlestick.

If the daily closing price is above the 200-day moving average, the WIF may rise to the 50% Fibonacci retracement level of $1.212, which is derived from the high of $4.830 on November 12 to the low of $0.304 on April 9. If the price of this meme coin rebounds to $1.212, the target price may be the 61.8% Fibonacci retracement level of $1.679.

The MACD indicator shows that the histogram is rising above the zero line, indicating that bullish momentum is strengthening. The RSI is at 63, close to the overbought area, still has room for an increase.

If WIF reverses from the 200-day EMA, it may retest the 0.860 USD of the 100-day EMA.

(Source: Trading View)

Channel breakout drives FLOKI pump

The channel breakout of FLOKI has rebounded above the 200-day moving average and reclaimed the psychological barrier of $0.0001000. Currently, the target of the upward trend is to break above the 50% level of $0.0001148, which retraced from $0.0002900 on November 21 to $0.0000455 on April 7, indicating a potential reversal of the trend.

Typically, investors who buy pressure above the 50% Fibonacci level will intensify buying pressure in search of a better exit position. These investors can take profits at the 61.8% Fibonacci level (i.e., $0.0001428), which will make it a potential resistance level.

The MACD and the signal line have crossed above the zero line, while the RSI is at 68, indicating a shift in momentum to bullish.

The downside is that if FLOKI fails to hold above the 200-day EMA, it may test the 100-day EMA at $0.0000848.

(Source: Trading View)