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A wave of bullish breakouts is sweeping across the memecoin market, with BONK, FLOKI, PEPE, and BRETT all extending their breakout rallies after recently shattering key resistance levels. This surge indicates growing interest in memecoins among cryptocurrency investors.

Bonk (BONK)

Bonk has shown significant growth after breaking out of a steep downtrend that had persisted since November last year. This breakout occurred on April 22, when BONK’s price decisively closed above the descending trendline and surpassed the local resistance near $0.000015. Following this breakout, BONK rallied to a peak price of $0.000021 on April 28, marking a substantial 75% increase from the pre-breakout price of $0.000012.

After a brief pullback, BONK rebounded strongly and is now testing resistance at $0.000020, formed by the previous high. If this bullish momentum continues, BONK could target $0.000025 next, with potential upside toward $0.000030 in the medium term as it reclaims prior resistance zones.

Floki (FLOKI)

Floki (FLOKI) has emerged as another standout performer, breaking out of its prolonged downtrend with a decisive move above the descending trendline around April 9. This breakout was followed by a period of bullish consolidation. On April 22, FLOKI staged an explosive rally, reaching a peak price of $0.000095 before pulling back slightly. The upward movement resumed, driving the price to a new high of $0.00010, where it currently trades.

Since the April 22 opening price of $0.000058, FLOKI has gained approximately 72%. Based on the current setup, the next target lies near $0.00013 — a level where the price faced rejection in early February.

Pepe (PEPE)

Pepe (PEPE) broke out of its downtrend on March 26, decisively closing above the descending trendline and reaching an intraday high of $0.0000091. This breakout candle confirmed the neckline of a double bottom pattern, setting a key resistance level. On April 22, PEPE broke through this resistance, establishing a new higher high. After a brief pullback, PEPE began a strong rally on May 6, driving the price to a peak of $0.00001310.

Since the April 22 breakout, PEPE has gained approximately 69%. The current price action suggests strong continuation, with PEPE testing resistance around $0.000013. If the momentum continues, the next short-term PEPE price prediction is $0.000016, coinciding with previous support-turned-resistance levels observed earlier this year.

Brett (BRETT)

Brett (BRETT) began shifting out of its downtrend on March 11, entering a tight consolidation range between $0.026 and $0.036. On April 22, BRETT broke out of this range, closing strongly around $0.044. The breakout rally extended through April 26, reaching a local high of $0.070. Following a brief pullback, BRETT launched a second rally on May 7, pushing the price to a new peak of $0.083 — a new higher high.

From the April 22 pre-breakout opening price of $0.035, BRETT has surged by approximately 136%, currently trading at $0.080. The next major resistance lies around $0.15, a level where the price was previously rejected in early January. This level also served as a key horizontal support area during November’s rally.

The memecoin market continues to show bullish momentum, attracting attention from investors eager to capitalize on breakout opportunities. As these assets reclaim prior resistance levels, they open doors to potential gains for traders and enthusiasts alike.

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