After a brief pullback during the weekend, the crypto markets are trying hard to trigger a healthy rebound. While Bitcoin rises above $60,000, memecoins have geared up, as some of them have surged heavily. While Dogecoin & Shiba Inu remain consolidated within a range, Brett, dogwifhat & FLOKI prices have begun to surge high.
Brett (BRETT) Price Analysis
- The BRETT price continues to trade within a decisive symmetric triangle as the token triggers a rebound from the lower support of the triangle
- The volume soared significantly, which raises the possibility of a bullish upswing but the validation of the beginning of the bullish trend is yet to be certified
- The RSI remains elevated but the Bollinger bands do not display any divergence; hence, a major price action is yet to begin
- Therefore, the BRETT price is expected to remain consolidated within the triangle and reach the apex, which may trigger a healthy rise to $0.12
dogwifhat (WIF) Price Analysis
- The dogwifhat prices remain consolidated within a descending parallel channel and the recent rise elevated the levels beyond the average bands
- Moreover, the levels reclaimed above the pivotal support levels at $1.514 has validated the beginning of a fresh ascending trend
- The RSI initiated a bullish divergence and hence a continued rise may validate the formation of a double-bottom or ‘w-shaped’ pattern
- Once the price reaches the resistance of the channel above $2 at around $2.3 or $2.35, the price may reach the neckline, which may further push the price beyond $3.3.
FLOKI (FLOKI) Price Analysis
- The FLOKI price appears to have regained a pivotal resistance zone following the recent bullish push
- The RSI rebounded from the lower threshold, which suggests the bulls are slowly reclaiming their dominance
- However, the price may remain under bearish influence until it surpasses the resistance zone between $0.00012465 and $0.00013183
- Therefore, the FLOKI price may experience a pullback if the bulls fail to elevate the levels beyond the range
