Can FLOKI and BONK Memecoin Price Rally Sustain?
FLOKI's price has jumped 32.63% in the last day and 42.2% over the week, currently trading at $0.0001307. This rise is due to its play-to-earn game Valhalla reaching milestones and breaking past a resistance level, turning it into support. The Relative Strength Index (RSI) indicates it's overbought, but the price could potentially reach $0.000137 and even $0.000168 if the rally continues. BONK has increased 24.27% in the last day and 78.04% over the week, trading at $0.00003924. This surge is attributed to Grayscale adding BONK to its watchlist and the BONK DAO burning $3.4 million worth of tokens. BONK's RSI also shows it's overbought, but the price is targeting $0.00004681 and potentially its all-time high of $0.00005916, with a significant increase in trading volume.