Ethereum

Rally

FLOKI

Dogecoin

Coin

<p>The post <a href="https://coinpedia.org/price-analysis/can-bulls-extend-the-meme-coin-rally-for-a-second-surge/">Can Bulls Extend The Meme Coin Rally For A Second Surge?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With a comparatively silent week for the meme coin sector, the bullish demand is shifting to the other altcoins. Amidst the Bitcoin run to $73,000, Ethereum Dencun hype and the Bitcoin forks skyrocketing, can we witness a second surge in the meme coin rally?</p> 
<p>Following the dramatic formation of skyscraper bullish candles, meme coins like Dogwifhat(WIF), FLOKI and DOGE are resting. However, the recently gained bullish dominance over critical levels teases a trend continuation for these community-driven coins.&nbsp;</p> 
<p>So, let’s have a closer look at the meme coins and analyze the next potential price jump.</p> 
<h2 class="wp-block-heading" id="h-meme-coin-dogwifhat-wif-eyes-breakout">Meme Coin Dogwifhat (WIF) Eyes Breakout</h2> 
<p>With a bullish 2024, the WIF price sustains an uptrend with a dramatic YTD surge of 1381%. Being one of the top performers, not just in the meme coins but in the entire market, WIF price sustains the dominant jump.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/03/13124617/image-102-1024x509.png" alt="" class="wp-image-277900" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/13124617/image-102-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124617/image-102-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124617/image-102-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124617/image-102-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124617/image-102-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124617/image-102.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Following the huge bull run, Dogwifhat is taking a sideways stance and challenging the newly formed ceiling at $2.40. With a 23% jump in the last 6 hours, the WIF price is teasing another breakout rally.&nbsp;</p> 
<p>Currently, the WIF price trades at $2.322, with a surge in trading volume supporting the potential breakout. In such a case, the breakout rally could potentially reach the overhead 1.618 Fib level at $3.71.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-bulls-prepare-another-run-in-floki-floki">Bulls Prepare Another Run in Floki (FLOKI)</h2> 
<p>With unimaginable performance within two weeks, the FLOKI price trend changes the entire price chart. Scaling more than 600% surge within two weeks, the altcoin became one of the best-performing dog-themed meme coins in those weeks.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/03/13124621/image-103-1024x509.png" alt="" class="wp-image-277901" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/13124621/image-103-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124621/image-103-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124621/image-103-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124621/image-103-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124621/image-103-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124621/image-103.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>However, this week, the bull run takes a short break as it forms a long-range Doji candle. Currently, the meme coin trades at $0.00027 with an intraday jump of 2.34%.&nbsp;</p> 
<p>Further, as per the pivot points standard, the next resistance levels are at $0.00034 and $0.00042. With the current Doji candle coming as a short retest, the sideline traders are getting an early entry opportunity to the upcoming price jump.</p> 
<h2 class="wp-block-heading" id="h-sector-leader-dogecoin-doge-signals-trend-reversal">Sector Leader Dogecoin (DOGE) Signals Trend Reversal</h2> 
<p>Being the biggest meme coin per market cap, Dogecoin remains the top dog in this sector. With a turnaround story after years of winter trend, the DOGE price is making a comeback with a remarkable surge in trading volume.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/03/13124630/image-104-1024x509.png" alt="" class="wp-image-277902" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/13124630/image-104-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124630/image-104-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124630/image-104-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124630/image-104-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124630/image-104-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/13124630/image-104.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>In the recent 14-day rally, Dogecoin showed an impressive jump of almost 100%. Currently, the DOGE price trades at $0.1730, with a 120% surge in the last six weeks.&nbsp;</p> 
<p>The Dogecoin price action showcases a trend reversal, ready to break above the 23.60% Fibonacci level. In case the buyers manage a strong closing above this Fib level, the altcoin is set for another surge to potentially reach 50% Fib at $0.31.</p> 
<h2 class="wp-block-heading" id="h-will-the-meme-coin-rally-survive">Will The Meme Coin Rally Survive?</h2> 
<p>Amidst the growing bullish sentiment in the crypto industry, the market cap is approaching the $3 Trillion mark. Further, with meme coins being the hyped-up, trending, and easy-to-invest option, their demand is increasing remarkably. Hence, with the bull market gaining momentum, the meme coin rally is expected to grow in the coming months.&nbsp;</p>

Can Bulls Extend The Meme Coin Rally For A Second Surge?

Table of Contents

CoinPedia News

Other articles published on Mar 13, 2024

Bitcoin’s rally above $73,000 persists despite swift plunge

Elite L2 Projects Whales Are Accumulating: Top Cryptos to Watch

Wormfare Revolutionizes Crypto Gaming with Real-World Contributions

Investing in Stage 1 of This Presale Token Can Get you 50X Returns

Crypto Thief Behind $23.5 Million Bitrue Heist Resurfaces, Sells Millions in Ethereum

BREAKING! Ethereum (ETH) Dencun Upgrade Has Happened: Here's the Market's First Reaction!

Join our free newsletter for daily crypto updates!