WIF, BONK, DOGE, FLOKI Worth Evaluation: Could 11

• Declining momentum may ship WIF to $2.59 whereas BONK’s goal could possibly be $0.000019.
• The BB on the DOGE chart indicated low volatility with the AO suggesting a slide to $0.12.
• FLOKI’s momentum was bearish, and the 0.786 Fib stage indicated a possible retracement to $0.0015.

Meme cash proceed to expertise main declines regardless of hypothesis that a few of them could possibly be oversold, and could possibly be set for a rebound. These affected embrace dogwifhat (WIF), Bonk (BONK), Dogecoin (DOGE), and Floki (FLOKI).

At press time, WIF modified palms at $3.03. This was a 5.34% lower within the final 24 hours. BONK’s value fell by 7.68% whereas buying and selling at $0.000023. DOGE misplaced 4.52% of its worth whereas FLOKI dropped by the identical share to commerce at $0.00017.

Here’s what led to the declines, and the way the cryptocurrencies can carry out within the coming week.

WIF Worth Evaluation

On Could 9, bulls camped at $2.78 on the WIF/USD 4-hour chart and shaped help on the stage. This ensured that the value of the meme coin jumped to $3.26. In doing this, the token needed to break via the $3.00 resistance.

However at press time, the value was again on the identical resistance stage. In the meantime, the Relative Energy Index (RSI) studying additionally fell, indicating that momentum had turn into bearish. 

WIF/USD 4-Hour Chart (Supply: TradingView)

If this momentum continues to go downward, WIF’s value may additionally comply with and a lower to $2.59 could possibly be attainable. Moreover, the Supertrend flashed a promote sign at $3.24, indicating that the value of WIF would possibly battle to cross that barrier in a bullish state of affairs.

BONK Worth Evaluation

For BONK, it was the same state of affairs in line with the Transferring Common Convergence Divergence (MACD). As of this writing, the MACD was destructive, suggesting a bearish momentum. Moreover, the 12 EMA (blue) had crossed beneath the 26 EMA (orange), indicating that sellers had been dominant

With this development, BONK’s subsequent goal could possibly be beneath the $0.000020 help, and the value would possibly fall to $0.000019.

BONK/USD 4-Hour Chart (Supply: TradingView)

DOGE Worth Evaluation

On the 4-hour timeframe, Dogecoin exhibited low volatility. This was confirmed by the Bollinger Bands (BB). Low volatility implies that value fluctuation is perhaps delicate, and a major pump won’t happen.

From the chart beneath, DOGE’s value was $0.14. However the coin won’t transfer larger than $0.15 within the coming days except the bands increase. 

As well as, the Superior Oscillator (AO) was destructive, indicating an rising downward momentum. Ought to this proceed, DOGE would possibly drop as little as $0.12 earlier than one other bounce.

DOGE/USD 4-Hour Chart (Supply: TradingView)

FLOKI Worth Evaluation

Going by the 4-hour chart, bulls weren’t robust sufficient to maintain FLOKI’s value larger. Therefore, the upswing to $0.00018 has been invalidated as the value modified palms at $0.00017. Additionally, the RSI had fallen beneath the 50.00 midpoint, confirming a decline in momentum. 

FLOKI/USD 4-Hour Chart (Supply: TradingView)

Past that, the Fibonacci retracement indicator confirmed that FLOKI’s value would possibly lower additional. From our evaluation, the subsequent goal for the meme coin could possibly be $0.00015 the place the 0.786 Fib ranges as located.