WIF, DOGE, PEPE, FLOKI, BONK, SHIB: Comparative Value Evaluation

• WIF would possibly hit $4.36 whereas DOGE would possibly produce a 19.17% improve.
• A bullish flag on the FLOKI and PEPE charts advised an additional upside.
• BONK was overbought whereas SHIB would possibly fail to retrace.

Like earlier instances, meme cash have been stars of the present after the market recovered between Might 3 and 4. As typical, dogwifhat [WIF] led the cohort with a 24-hour 20.58% improve. Dogecoin (DOGE) additionally climbed by 13.80% whereas Pepe (PEPE) elevated by 12.93%.

The likes of Floki (FLOKI), Bonk (BONK), and Shiba Inu (SHIB) additionally joined the rally as their costs outperformed a lot of the different property available in the market. 

WIF vs. DOGE 

WIF’s worth at press time was $3.32 with the 4-hour chart exhibiting no resistance in sight. If this continues to be the case, bears is likely to be unable to cease WIF’s bullish momentum.

The 1.618 golden ratio indicated that the meme coin may goal $4.36 as its subsequent help stage. In the meantime, DOGE additionally correlates with WIF. Ought to this correlation stay the identical, a 19.17% improve awaits DOGE. From its press time worth, DOGE would possibly climb towards $0.18 inside a brief interval.

WIF 4-Hour Evaluation In opposition to DOGE (Supply: TradingView)

Nevertheless, merchants would possibly have to be careful because the RSI confirmed that WIF was overbought and DOGE was near an analogous spot. If profit-taking begins, the costs of the cryptocurrencies would possibly retrace. Then again, a bullish situation may hand them a better worth.

PEPE vs. FLOKI

PEPE’s market construction was much like WIF, and FLOKI too was not unnoticed. In accordance with the 4-hour chart, the breakout PEPE and FLOKI skilled was because of the bullish flag formation.

This occurred because of sellers’ exhaustion. As such, if PEPE’s worth rises, there’s a excessive likelihood the FLOKI will do the identical. Additionally, if the value of PEPE falls, FLOKI would possibly dump. Moreover, the Superior Oscillator (AO) was constructive, indicating an growing upward momentum.

PEPE 4-Hour Evaluation In opposition to FLOKI (Supply: TradingView)

Subsequently, the value of the PEPE would possibly proceed to rise in addition to that of FLOKI. As well as, the On Stability Quantity (OBV) elevated suggesting that purchasing strain was intense to maintain the value up.

BONK vs. SHIB

Evaluating the BONK and SHIB charts confirmed that there was a distinction within the development. Whereas costs moved collectively in some unspecified time in the future, they decoupled on different events. Nevertheless, the Cash Circulation Index (MFI) on the BONK/USD 4-hour chart confirmed that the token was overbought.

BONK 4-Hour Evaluation In opposition to SHIB (Supply: TradingView)

This was as a result of the MFI studying was 89.99. Studying over 80.00 signifies that an asset is overbought. Though the studying additionally signaled that capital move was excessive, merchants would possibly quickly start to take their cash out, leaving SHIB and BONK costs to fall.