With the Ethereum ETF approval sparking a bull run in altcoins, meme coins are poised for a significant rally, fueled by high momentum moves and strong community support. Among the top performers leading this charge are PEPE, FLOKI, and BONK, each primed for substantial gains in the coming days.

PEPE's Post-Retest Surge

In the 1D chart, PEPE witnessed a massive overnight surge of 24.63%, forming a bullish engulfing candle following a successful retest of the 50% Fibonacci level. With a market cap of $4.65 billion, PEPE ranks 24th in the crypto world, boasting a $2.24 billion trading volume, indicating a surge in buying activity.

Although closing strong at $0.00001142, PEPE experienced a minor intraday correction of 2.90%, reflecting buyer exhaustion. However, if the broader market recovery continues, PEPE's uptrend could propel it to the $0.000019 mark at the 1.618 Fibonacci level.

FLOKI's Breakout Run

Siphoning bullish momentum from the rising market, FLOKI witnessed an 11.61% surge, forming a bullish engulfing candle that challenges the 50% Fibonacci level. The higher high formation, following a double bottom breakout, hints at a forthcoming bull run, supported by momentum indicators like RSI and DMI.

With a $2 billion market cap, FLOKI aims to scale up to the 1.618 Fibonacci level at $0.00040, offering entry opportunities for sideline traders above $0.00021.

BONK Eyes a 70% Rally

While details on BONK's recent performance are scarce, the meme coin is eyeing a significant rally, potentially surging by 70% in the near term. With the broader market sentiment favoring meme coins, BONK could capitalize on this momentum to achieve substantial gains.

Conclusion: Meme Coins Poised for Explosive Growth

As the Ethereum ETF approval ignites a bull run in altcoins, meme coins like PEPE, FLOKI, and BONK stand out as top performers primed for substantial rallies. With strong community support and favorable market conditions, these meme coins could experience explosive growth in the coming days, offering lucrative opportunities for traders and investors alike.