During the recent market recovery, meme coins like WIF and DOGE have surged in value, with WIF leading the way by increasing by 20.58% in just 24 hours, followed closely by DOGE with a 13.80% rise. But caution is advised for traders as overbought signals are detected for WIF and DOGE might soon follow suit.

An Increase in Meme Coin Values

As the crypto market rebounded on May 3 and 4, meme coins like WIF and DOGE saw significant gains. WIF recorded a 20.58% increase, and DOGE followed with a 13.80% rise. Other meme coins like FLOKI, BONK, and SHIB also joined the uptrend, outperforming many other assets. At present, WIF is priced at $3.32, with no clear resistance on the 4-hour chart. There is potential for WIF to reach $4.36 if the positive trend continues.

Correlation Between WIF and DOGE

Did you miss out on the PEPE? No problem, discover new meme coins here! The performance of DOGE appears linked to that of WIF. If this trend continues, DOGE could see a 19.17% increase, reaching around $0.18 in the near future. Traders should be cautious as both WIF and DOGE are showing signs of being overbought. If a sell-off begins, prices may fall. Conversely, a bullish scenario could drive prices even higher.

Follow-Up Movement by PEPE and FLOKI

Similar to WIF, PEPE and FLOKI have shown breakout patterns on their 4-hour charts, indicating a bullish trend. This indicates the possibility of significant price increases for PEPE and FLOKI if the current market conditions persist.

In Conclusion...

Dependable at COINOTAG, missed out on $MEME, $PEPE, or Bitcoin? You have the opportunity! Register with a preferred altcoin exchange by clicking here! Recent market trends show meme coins like WIF and DOGE surging in value, with potential for further growth. Traders should exercise caution due to overbought signals. The performance of PEPE and FLOKI also indicates a positive trend, making the meme coin market an intriguing space worth watching in the days ahead.