A wave of bullish breakouts is sweeping across the memecoin market, with BONK, FLOKI, PEPE, and BRETT all extending their breakout rallies, having recently shattered key resistance levels.
Bonk (BONK) has recently broken out of a steep downtrend that had been in place since November last year, marked by a descending trendline on the daily chart. The breakout occurred on April 22, when the memecoin‘s price decisively closed above this trendline and broke above the local resistance at around $0.000015. The breakout rally then sent BONK price to its peak of $0.000021 on April 28, marking an approximately 75% increase since April 22 pre-breakout opening price of $0.000012.
A fullback followed, but the price rebounded with a strong leg up and is now testing the resistance formed by the previous high at the $0.000020 level. If this momentum sustains, BONK is likely targeting the 0.000025 level next, with potential for further upside toward 0.000030 in the medium term as it reclaims prior resistance zones.
Floki (FLOKI) broke out of its sustained downtrend with a decisive move above the descending trendline around April 9, followed by a period of bullish consolidation. On April 22, it staged an explosive rally that sent the price to $0.000095 on April at its peak. After a brief pullback, the price resumed its upward move, reaching a new high at $0.00010, where it trades at press time. Since the April 22 opening at $0.000058, the price has now gained about 72%. Given this setup, the next logical target lies around $0.00013, where the price was rejected in early February.
Pepe (PEPE) broke out of its downtrend on March 26, as it decisively closed above the descending trendline and reached an intraday high of $0.0000091. This breakout candle also confirmed the neckline of a double bottom pattern, establishing a key resistance level. That resistance was then tested and broken on April 22, when PEPE made a new higher high. After a brief pullback, a strong rally began on May 6, driving the price up to a new peak of $0.00001310. Since April 22 breakout of the double bottom’s neckline, the price has gained about 69%.
The current price action shows strong continuation, with PEPE now testing resistance zone around the $0.000013. If momentum persists, the next, short-term PEPE price prediction is $0.000016, which coincides with previous support-turned-resistance levels from mid- to late January.
Brett’s (BRETT) downtrend began to shift around March 11, when the price entered a tight consolidation range between $0.026 and $0.036. On April 22, it broke out of this range with a strong close around $0.044. The breakout rally extended through April 26, reaching a local high of $0.070. After a brief pullback, BRETT launched a second rally starting May 7, which continues at press time, pushing the price to a new peak of $0.083, marking a new higher high. From the April 22 pre-breakout opening price of $0.035, BRETT has surged approximately 136%, currently trading at $0.080.
The next major resistance lies around $0.15 — a level where the price was rejected in early January and which also served as a key horizontal support area back in November prior to the December rally.
