- WIF might hit $4.36 while DOGE might produce a 19.17% increase.
- A bullish flag on the FLOKI and PEPE charts suggested a further upside.
- BONK was overbought while SHIB might fail to retrace.
Like previous times, meme coins were stars of the show after the market recovered between May 3 and 4. As usual, dogwifhat [WIF] led the cohort with a 24-hour 20.58% increase. Dogecoin (DOGE) also climbed by 13.80% while Pepe (PEPE) increased by 12.93%.
The likes of Floki (FLOKI), Bonk (BONK), and Shiba Inu (SHIB) also joined the rally as their prices outperformed most of the other assets in the market.
WIF vs. DOGE
WIF’s price at press time was $3.32 with the 4-hour chart showing no resistance in sight. If this continues to be the case, bears might be unable to stop WIF’s bullish momentum.
The 1.618 golden ratio indicated that the meme coin could target $4.36 as its next support level. Meanwhile, DOGE also correlates with WIF. Should this correlation remain the same, a 19.17% increase awaits DOGE. From its press time price, DOGE might climb toward $0.18 within a short period.
WIF 4-Hour Analysis Against DOGE (Source: TradingView)
However, traders …
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