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<p>The post <a href="https://coinpedia.org/price-analysis/will-the-meme-coins-pepe-bonk-and-floki-jump-2x-in-may/" rel="noopener noreferrer nofollow">Will The Meme Coins PEPE, BONK and FLOKI Jump 2x in May?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The falling price of Bitcoin takes a reversal from $56,000 for a 1.45% jump last night and sustains the momentum for a 1.14% intraday jump at press time. With this recovery, the meme coins amplify the bullish sentiment with a sector-wide recovery.&nbsp;</p>
<p>As the top coins of this sector, DOGE and SHIB, find a place to pivot, the trendy ones are shining brighter. With PEPE, BONK and FLOKI spearheading the bull run, is the meme coin sector the next multi-bagger mine?</p>
<p><em>Let’s look at the price analysis of top meme coins for a more decisive analysis.&nbsp;</em></p>
<h2 class="wp-block-heading" id="h-pepe-the-meme-coin-ready-for-a-breakout">PEPE The Meme Coin Ready For A Breakout</h2>
<p>With a boom in meme coins, the PEPE price projects a crucial breakout entry point in the 4H Chart. As the post-retest rally of a falling channel gains momentum, the meme coin signals an inverted head and shoulder breakout possibility.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90.png" alt="" class="wp-image-297180" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
<p><a href="https://www.tradingview.com/x/QEPnXNid/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>Rising against the bearish opposition at the $0.0000080 supply zone, the PEPE price experiences a significant rise in momentum. With an intraday rise of 5.59% followed by 7% last night, the meme coin marks the third consecutive bullish candle.&nbsp;</p>
<p>As per the Fibonacci retracement levels, the breakout rally could surpass the $0.000010 psychological mark to hit the $0.000014 mark. Hence, if the broader market sustains a recovery path, PEPE is set for a 2x surge in May.&nbsp;</p>
<h2 class="wp-block-heading" id="h-floki-channel-break-could-surpass-0-00030">FLOKI Channel Break Could Surpass $0.00030</h2>
<p>With a strong resistance trendline at play, the FLOKI price chart showcases bearish dominance. However, a bullish revolt with a short-term falling channel breakout projects a high likelihood of an uptrend continuation.</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90.png" alt="" class="wp-image-297182" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
<p><a href="https://www.tradingview.com/x/TRJkSDnN/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>With the daily RSI line reflecting a rise in bullish momentum, the sideline traders anticipate an entry opportunity. Further, with an intraday growth of 2.19%, FLOKI aims to revert the bearish trend in the 50 and 200 EMA in the 4H chart.&nbsp;</p>
<p>As per the Fibonacci levels, the breakout rally could surge the meme coin and challenge the $0.00030 peak. Thus increasing the chances of a 2x surge in May.</p>
<h2 class="wp-block-heading" id="h-bonk-continues-the-gradual-uptrend-nbsp">Bonk Continues The Gradual Uptrend&nbsp;</h2>
<p>With promising price action, the BONK price sustains the bullish reversal momentum and signals a potential bull run this month. The meme coin shows a bullish flag pattern breakout in the 4H chart following the wedge pattern breakout.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90.png" alt="" class="wp-image-297181" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/03095920/image-90-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
<p><a href="https://www.tradingview.com/x/nALu1b7x/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>With the breakout rally gaining momentum and an overnight jump of 10%, the meme coin is challenging the 50% Fibonacci retracement level. On a positive note, the golden crossover in the 4H chart increases the possibility of an uptrend.</p>
<p>As per the Fibonacci levels, the uptrend could hit the $0.00005877 mark or the 1.618 FIbonacci level.&nbsp;</p>
<h2 class="wp-block-heading" id="h-conclusion-for-meme-coins">Conclusion&nbsp;For Meme Coins</h2>
<p>With just 24 hours of recovery in Bitcoin, the meme coin managed a significant bounce back. Considering the uptrend sustains and Bitcoin resurfaces above $60,000, these coins could surge almost 2x this month.&nbsp;</p>

Will The Meme Coins PEPE, BONK and FLOKI Jump 2x in May?

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