TOP 3 notable meme coins as Bitcoin reaches a new all-time high

Meme coins like Bonk (BONK), Dogwifhat (WIF), and Floki (FLOKI) are holding a significant advantage to continue their upward momentum as the market enters a recovery phase and approaches key resistance zones. The impressive breakout of Bitcoin (BTC), which just set a new historical peak on Thursday, has provided strong momentum for this high-risk asset group. Notably, risk appetite in the market is improving significantly, while Bitcoin's dominance ratio has dropped below the 65% threshold — opening up opportunities for meme coins to break out and potentially become the pioneering names in the upcoming growth cycle.

The breakout of Bonk's technical pattern needs one more positive closing session.

BONK ( continues to attract attention as it rises more than 2% in Friday's trading session, reaching a new peak within 30 days. Previously, this meme coin surged 12% on Thursday, marking a breakout above the inverse head and shoulders pattern, with the neckline at the level of $0.00002375 — which is also the closing level on May 10 on the daily chart.

Notably, when BONK breaks through the neckline, it simultaneously breaks the important resistance at the 50% Fibonacci retracement level )$0.00002350(, calculated from the peak on 20/11 )$0.00006230( to the bottom on 7/4 )$0.00000886(.

If the current uptrend is maintained, BONK could reach the next target at the Fibonacci level of 61.8% )$0.00002958(, and further at the 78.6% mark )$0.00004105(.

![])https://img-cdn.gateio.im/webp-social/moments-1731f6291a1f9914ce220547000eb0b1.webp(FLOKI/USDT daily chart | Source: TradingViewTechnical indicators are supporting an upward trend: the 50-day EMA has just crossed above the 100-day EMA, sending a clear buy signal. The RSI has also surpassed the overbought threshold, while the MACD and signal line are both trending upwards, reinforcing bullish momentum.

However, if BONK loses the support zone at Fibonacci 50%, then the 200-day EMA at $0.00001871 may serve as a buffer zone, absorbing potential selling pressure.

WIF aims to surpass the 200-day EMA

Dogwifhat )WIF( has reclaimed the important psychological level of $1 and continues to inch up, currently testing the 200-day exponential moving average )EMA( at $1.06. The breakout above the expanding wedge pattern has reignited growth expectations, marking the third consecutive gain.

If WIF can close above the 200-day EMA, the uptrend could be reinforced and open up the opportunity to reach the 50% Fibonacci level at $1.21 — determined from the peak on November 12 at $4.83 to the bottom on April 9 at $0.30. In a more positive scenario, if this level is surpassed, the price could target the 61.8% Fibonacci level at $1.67.

![])https://img-cdn.gateio.im/webp-social/moments-2920d124ec57b2a77e2dba592647b108.webp(Daily WIF/USDT Chart | Source: TradingViewThe MACD indicator is sending a positive signal as the histogram continues to expand above the 0 line, indicating that bullish momentum is increasing strongly. The RSI is currently at 63, approaching the overbought zone but still has room to go further.

Conversely, if WIF cannot break above the 200-day EMA and turns to adjust, the 100-day EMA at $0.860 will serve as an important support level to watch.

FLOKI skyrockets as it breaks above the channel

Floki has officially broken out of the downtrend channel and surged strongly, surpassing the 200-day EMA as well as reclaiming the important psychological level of $0.0001. The current bullish momentum is aiming for the target of conquering the 50% Fibonacci level at $0.0001148 – a resistance level identified from the peak of $0.0002900 established on November 21 to the bottom of $0.0000455 on April 7 – indicating an increasingly clear trend reversal signal.

In technical analysis, when the price surpasses the 50% Fibonacci level, it often triggers optimistic sentiment, encouraging investors to increase their buying positions in search of higher profits. Accordingly, the Fibonacci zone of 61.8%, equivalent to the level of $0.0001428, could become a profit-taking target and form an important resistance zone in the short term.

![])https://img-cdn.gateio.im/webp-social/moments-efbd5024ef8f8bd05ba1a43c86231c31.webp(FLOKI/USDT daily chart | Source: TradingViewTechnical indicators are also supporting the bounce back: the MACD and signal line have crossed above the 0 line, while the RSI is approaching the overbought zone with a level of 68 – all reinforcing the bullish signal.

However, in an unfavorable scenario, if FLOKI cannot hold above the 200-day EMA, the 100-day EMA around $0.0000848 will act as the next support, helping to absorb potential selling pressure.

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