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

• WIF may attain $4.36 whereas DOGE may convey 19.17% improve.
• A bullish flag on the FLOKI and PEPE charts indicated additional development.
• BONK has been overbought whereas SHIB might fail to hint.

As up to now, meme cash had been the celebs of the present after the market recovered between Could third and 4th. As typical, dogwifhat (WIF) led the cohort with a 24-hour acquire of 20.58%. Dogecoin (DOGE) additionally rose 13.80%, whereas Pepe (PEPE) rose 12.93%.

Corporations like Floki ( FLOKI ), Bonk ( BONK ) and Shiba Inu ( SHIB ) additionally joined the rally as their costs outperformed most different belongings out there.

WIF vs. DOGE

WIF was priced at $3.32 at press time, with no resistance in sight on the 4-hour chart. If this continues, the bears might not be capable to cease WIF's upward momentum.

The golden ratio of 1.618 instructed that the meme coin may goal $4.36 as its subsequent assist degree. In the meantime, DOGE can be correlated with WIF. If this correlation had been to stay the identical, DOGE expects a rise of 19.17%. From the value at press time, DOGE can go as much as $0.18 in a brief time frame.

WIF 4-hour evaluation towards DOGE (Supply: TradingView)

Nonetheless, merchants might have to be cautious because the RSI confirmed that WIF was overbought and DOGE was near an identical spot. If revenue taking begins, cryptocurrency costs might bounce again. Alternatively, a bullish situation may give them the next worth.

Pepe vs. FLOKI

PEPE's market construction was just like WIF's and FLOKI was not not noted both. In keeping with the 4-hour chart, the breakout skilled by PEPE and FLOKI was because of a bullish flag formation.

This occurred because of promoting out. So if the value of PEPE goes up, there’s a good likelihood that FLOKI will do the identical. Additionally, if the value of PEPE goes down, FLOKI would possibly go down. Moreover, the Superior Oscillator (AO) turned optimistic, indicating rising bullish momentum.

PEPE 4-Hour Evaluation vs. FLOKI (Supply: TradingView)

The value of PEPE can subsequently proceed to rise in addition to the value of FLOKI. As well as, On Steadiness Quantity (OBV) elevated, indicating that purchasing stress was intense to maintain the value up.

BONK vs. SHIB

A comparability of the BONK and SHIB charts confirmed that there was a development distinction. Whereas costs have moved collectively sooner or later, they’ve diverged on different events. Nonetheless, the Cash Move Index (MFI) on the 4-hour BONK/USD chart confirmed that the token was overbought.

BONK 4 Hour Evaluation vs SHIB (Supply: TradingView)

This was as a result of the MFI worth was 89.99. A price above 80.00 means the asset is overbought. Though the information additionally signaled that capital movement was excessive, merchants may begin withdrawing their cash quickly, so SHIB and BONK costs will fall.