The Meme market has once again become active as Bitcoin stops falling, with Meme coins soaring and becoming the biggest gainers. Dogecoin (DOGE) and Shiba Inu (SHIB) have risen by 2.79% and 1.83% respectively. Pepe Coin (PEPE) has become one of the best performing currencies of the day, rising by 12.59% to $0.00001312. Additionally, dogwifhat (WIF) has surged by 9.67% with a trading price of $2.08.
Shiba Inu’s Recovery and Outlook
On June 14th, Shiba Inu (SHIB) experienced a sharp decline, breaking through the parallel channel support level and dropping by nearly 24%. Despite a minor rebound, it is still struggling to regain this key support level. If Bitcoin continues to strengthen, investors may push SHIB back to the support level of $0.0000209. Reaching this level is crucial for achieving a valuation of $0.000038 or higher. Conversely, if SHIB remains stagnant, it may further decline to $0.000012 or even $0.0000099.
FLOKI COIN: Current Performance and Future Predictions
During the peak of FLOKI coin, many holders chose not to sell, missing the best exit point. Currently, even in a market downturn, the increased demand at $0.000149 suggests investor confidence. The next target for the bulls is to ensure a closing price above $0.000198. Successfully reaching this level could target $0.0003006, which is the last resistance level before reaching a new all-time high. However, excessive selling pressure could drag FLOKI coin down to $0.000096.