Memes appear to be back and better after enduring a protracted downturn season, as seen by a surge in price over the past day. In just one day, Bonk (BONK) surged by a staggering 39.99%, according to CoinMarketCap.

With this increase, the price is now $0.000021. As predicted by Coin Edition, Shiba Inu (SHIB) achieved $0.000027 after following with a 17.50%. While Dogecoin (DOGE) saw only a slight increase of 5.17%, Pepe's (PEPE) saw a rise of 19.72%.

Bonk (BONK)

BONK, which had been trading in the same area since April 13, emerged from its consolidation phase. In the meantime, the token's Bollinger Bands (BB) indicated rising volatility. It is anticipated that BONK's price will fluctuate significantly due to the widening bands.

But the BB's upper band had contacted the token at $0.000021, indicating that it was overbought. This was also reinforced by the Relative Strength Index (RSI) which was 82.56 at press time.

Thus, BONK might experience a notable retracement. In a highly bearish case, the value of the token might drop to $0.000015. However, if bulls keep up with the momentum, the value could key into the resistance at $0.000024.

Shiba Inu (SHIB)

The Chaikin Money Flow (CMF) on the 4-hour SHIB/USD chart displayed signals similar to that of BONK. At press time, the CMF was 0.25, indicating that there was a positive money flow for the token.

But the reading had crossed 0.20, suggesting that SHIB was overbought. As such, SHIB could experience a retracement which could send the price back to $0.000023. However, the Awesome Oscillator (AO) was positive, with rising green histogram bars.

If SHIB bulls maintain the momentum, the price of the token could rise as high as $0.000030. Should this be the case, the stage could be set for the meme coin to revisit $0.000032.

Pepe (PEPE)

PEPE has been able to reclaim $0.0000061 with no resistance in sight. Sustaining this uptrend could drive the value of the token higher, and a surge to $0.0000067 might be possible.

But the 20 EMA (blue) on the 4-hour chart crossed below the 50 EMA (yellow), suggesting that the bullish trend has not yet been validated. However, since PEPE rose above the EMAs, bulls might prevent the price from retracing.

On the other hand, if traders decide to book some of the recent gains, PEPE’s price might drop to $0.0000052 in the short term.

Dogecoin (DOGE)

The price of DOGE was $0.16 at the time of publication, and the MACD indicated that it might go higher. The MACD was positive on the chart below, indicating that the coin might expand on its recent bullish momentum.

In the event that this is true, DOGE's price may rise to $0.18. Traders should be aware of bearish activity, though, as it has the potential to derail the upward trend.

Furthermore, the Fibonacci extension indicated that DOGE may rise further if there is no notable correction to the value. In this case, the cryptocurrency's price may increase in the coming months to $0.24.