On October 24, the prices of BONK, FLOKI, and PEPE remained near key support levels. After a recent fall, these three meme coins have shown initial signs of stabilization, and the technical indicators indicate that the bearish momentum is fading. The RSI and MACD for all three show a weakening of bearish momentum, suggesting a potential rebound in the short term.
BONK meme coin price prediction: 50% Rebound support level target 0.000022 USD
(Source: Trading View)
The price of BONK rebounded after retesting the 50% retracement level of $0.000013 earlier this week. As of Friday when this article was written, BONK continues to rise, trading above $0.000014. This trend of gaining support and rebounding at a key technical level is a typical bottoming signal. The 50% retracement level is one of the most important support levels in Fibonacci retracement theory, and many technical analysts believe this level is the balance point of bullish and bearish forces.
If BONK continues to rebound, meme coin price predictions indicate that it may sustain its upward momentum until the 50-day Exponential Moving Average (EMA) at $0.000018, which aligns with the descending trend line. The 50-day EMA is the most commonly used mid-term trend indicator in technical analysis. When the price reclaims the 50-day EMA, it often marks a shift in mid-term trends from down to up. More importantly, this price level overlaps with the descending trend line, forming a double resistance. If it successfully closes above this level, it may continue its upward trend until the intraday resistance level of $0.000022.
The increase from the current price of 0.000014 USD to 0.000022 USD indicates an approximate increase of 57%. This potential rise is highly attractive for short-term traders. If a stop-loss is set at 0.000013 USD, buying at 0.000014 USD, with a target of 0.000022 USD, the risk-reward ratio is about 1:8, which is a very ideal trading setup.
On the daily chart, the Relative Strength Index (RSI) indicator has broken above 40, indicating that the bearish momentum is weakening. The RSI is a momentum indicator that measures the speed and magnitude of price changes. When the RSI rises from the oversold territory and breaks above 40, it typically signifies that the selling pressure has been fully released and buying interest is starting to emerge. To maintain the recovery momentum, the RSI must break above the neutral level of 50. This breakout has significant trend implications, representing that the bullish force has surpassed the bearish, and price momentum has shifted from negative to positive.
Additionally, the Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on Thursday, signaling a buying opportunity and supporting the recovery narrative. MACD is a trend-following indicator composed of a fast line, a slow line, and a histogram. When the fast line crosses above the slow line from below, a bullish crossover is formed, typically indicating the beginning or continuation of an upward trend. The dual bullish confirmation of RSI and MACD carries significant weight in meme coin price predictions, as it shows multiple different types of indicators pointing in the same direction simultaneously.
However, if BONK faces a correction, the downtrend may continue to the 50% retracement level of $0.000013. This level is the last line of defense, and if it is effectively broken, the next support level may be around $0.000010, which is near the previous low point area.
FLOKI meme coin price prediction: Weekly support holds with a target of 0.00011
(Source: Trading View)
FLOKI price found support near the weekly line at 0.000063 USD on Sunday, rising over 19% the next day. This single-day 19% rebound indicates strong buying power, confirming the effectiveness of the weekly support level. However, FLOKI encountered resistance at the 50-day moving average of 0.000084 USD and pulled back nearly 10% midweek. As of Friday when this article was written, FLOKI was trading at approximately 0.000073 USD and consolidating below the 50-day EMA.
FLOKI is approaching a key support level around 0.000065 USD on Friday. If maintained, this support level could become the basis for a rebound. From the current price of 0.000073 USD, there is only about an 11% downside to the 0.000065 USD support level, while there is approximately a 15% upside to the 50-day EMA resistance level at 0.000084 USD. This relatively symmetrical risk-reward ratio positions the current price in a key decision area.
If FLOKI recovers and closes above 0.000084 USD of the 50-day EMA, meme coin price predictions indicate that it may continue its upward momentum to the next daily resistance level of 0.00011 USD. This would represent an upward potential of about 51% from the current price, making it an attractive target for meme coin traders. 0.00011 USD is a significant psychological barrier for FLOKI and also a dense area of previous highs, and breaking through it will open up larger upward potential.
On the daily chart, the Relative Strength Index (RSI) has risen to 45 points, suggesting early signs that bearish momentum is weakening. To maintain the rebound momentum, the RSI must break above the neutral level of 50. Additionally, the Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on Thursday, indicating a buying opportunity and supporting the recovery narrative. The technical indicators for FLOKI are highly similar to those of BONK, both showing signs of bearish momentum exhaustion and a regrouping of bullish strength.
FLOKI Key Price Levels:
Current Price: 0.000073 USD
Weekly support: 0.000063 USD (+19% Rebound confirmed)
50 Day EMA Resistance: $0.000084 (+15% breakout target)
Daily Resistance: $0.00011 (+51% Advanced Target)
On the other hand, if FLOKI faces a correction, it may continue to fall and retest its weekly support level of $0.000063. If this level is lost, the next support level may be in the range of $0.000055 to $0.000060, which corresponds to a deeper Fibonacci retracement level.
PEPE meme coin price prediction: 50% Rebound support target 0.0000087 USD
(Source: Trading View)
On Wednesday, the price of PEPE re-tested the 50% retracement level of $0.0000065 and rebounded nearly 4% the next day. As of Friday when this article was written, the price of PEPE continued to rise, trading above $0.0000070. PEPE is showing early signs of recovery, and the momentum indicators indicate that bearish pressure is weakening.
If PEPE continues its upward momentum, meme coin price predictions suggest it may maintain its rise and retest the daily resistance level of $0.0000079. If it successfully closes above that level, it may continue to rise until the 50-day moving average of $0.0000087. From the current price of $0.0000070 to $0.0000087, this indicates about a 24% upside potential, which is relatively moderate but achievable as a short-term target.
Like BONK and FLOKI, Pepe's RSI and MACD indicators show signs of weakening bearish momentum, suggesting a potential rebound in the future. The simultaneous improvement in technicals of these three meme coins indicates that the entire meme coin sector may be experiencing capital inflows and sentiment recovery. When multiple similar assets display similar technical signals at the same time, the reliability of the signals usually increases, as it reflects not just the unique circumstances of a single project, but a systemic change across the entire sector.
As one of the youngest mainstream meme coins, PEPE's community activity and meme culture dissemination were fully validated in 2024. Although it lacks practical application scenarios, PEPE has become one of the three giants in the meme coin market due to strong community consensus and exchange support. From a fundamental perspective, the number of holding addresses for PEPE continues to grow, indicating that the community foundation is expanding.
On the other hand, if PEPE faces a pullback, the decline may extend to the 50% retracement level of 0.0000065 USD. This level is PEPE's last line of defense, and if effectively broken, it could trigger a deeper adjustment, targeting the range of 0.000005 to 0.000006 USD.
The market logic behind the rebound of the three major meme coins
The synchronized technical improvements of BONK, FLOKI, and PEPE reflect changes in the overall capital flow of the meme coin sector. When Bitcoin stabilizes at a high level and the altcoin season has not yet fully started, funds often flow into high-volatility and speculative meme coins first, seeking short-term profit opportunities. This “testing the waters” behavior is one of the early signals of the altcoin season.
From the perspective of market capitalization, all three projects belong to the mid-small market cap meme coins. Compared to Bitcoin and Ethereum, they require a smaller amount of capital to drive significant price increases. A hypothetical inflow of 100 million USD would have a negligible impact on Bitcoin's price, but could lead to a price increase of 20% to 50% for BONK, FLOKI, or PEPE. This leverage effect makes meme coins the preferred targets in the early stages of capital rotation.
However, the risks of investing in meme coins are equally significant. These three projects lack substantial application scenarios or revenue models, and their value entirely depends on community consensus and speculative sentiment. When market sentiment shifts to panic, the fall of meme coins is often the most severe. Therefore, price predictions for meme coins must be accompanied by strict risk management, including strict stop-loss measures, moderate positions, and timely profit-taking.
