Double-digit earnings on the horizon

• Dogwifhat, Bonk and FLOKI posted gains of over 20% last week.
• The three dog-themed meme coins are hovering around key levels, signaling the possibility of additional gains in the future.
• RSI is approaching overbought levels for WIF, BONK and FLOKI, increasing the chances of a corrective pullback.

Prices of top dog-themed meme coins Dogwifhat (WIF), Bonk (BONK) and FLOKI (FLOKI) maintained gains on Monday after prices surged more than 20% last week. The technical outlook suggests that the bulls still have steam to push these three meme coins for additional double-digit gains.

Dogwifhat bulls stay strong

Dogwifhat price broke above the downtrend line and closed above the daily resistance level at $1,947 on September 24th, rising 23% over the next four days. On Monday, it is trading slightly lower around $2.413.

If WIF closes above the 50% price retracement at $2.586, it could extend the 12% rally to retest the July 22 high of $2.895.

The Relative Strength Index (RSI) is at 74, trading above its overbought level of 70. Traders should be cautious as the chances of a price pullback are increasing, especially as the RSI slopes downward. If it breaks out of overbought territory, it would give a clear sell signal. Another possibility is that the rally continues and the RSI remains above the overbought level.

WIF/USDT Daily Chart

On the other hand, if WIF fails to close below its 50% price retracement level at $2.586 and turns lower, closing below the daily support at $1.947. This price action could extend the decline to retest the September 18 low of $1.444.

Bonk price shows potential for a rally

Bonk price broke above the downtrend line (drawn from late May to late September) on Friday and rallied 15% to close above the daily resistance level at $0.0000228. On Monday, it is trading slightly higher at around $0.0000242.

If $0.0000228 remains as support, BONK could rise 19% from the current trading level to retest the 50% price retracement level at $0.000030 (drawn from May high to low from August).

The RSI has bounced back, trading above the overbought 70 level and pointing to the upside, suggesting bulls still have a leg up for the upside rally. However, traders should note that RSI at these levels increases the chances of a price pullback.

BONK/USDT Daily Chart

If BONK closes below $0.0000228, it could extend the decline to retest the September 17 low of $0.0000181.

FLOKI’s price looks promising

FLOKI price broke above the daily resistance level at $0.000154, which coincides with the 50% retracement level, on Friday and is up 12.5%. On Monday, it is trading slightly above its key support level of $0.000154.

If the $0.000154 support level holds, FLOKI could rise 21% to retest the July 27 high of $0.000188.

The RSI is trading lower from its overbought level of 70, suggesting a decline in bullish momentum. However, the momentum indicator remains broadly stable at 66, suggesting that bulls remain strong.

FLOKI/USDT Daily Chart

Conversely, if FLOKI closes below the $0.000154 support, it could extend the decline to retest the September 26 low of $0.000135.