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Highlights
- The trade talks between the US and China have kicked off as crypto predictions suggest upcoming price volatility.
- While there are low expectations towards the outcome of the talks, the discussions are fueling market optimism.
- DOGE, BONK and FLOKI price tease towards an upward trend as they form a bullish technical outlook.
The crypto price prediction today, May 10, suggests that most coins are facing a volatile weekend after trade talks between China and the US commenced, with many traders on the sidelines anticipating whether prices will extend their gains or cool off. Much attention is going towards top meme coins like Dogecoin (DOGE), Bonk Coin (BONK), and Floki Inu (FLOKI) that are outperforming the market to determine whether they will sustain their respective price rallies.
Crypto Market Extends Gains Amid US-China Trade Talks
The crypto price prediction today flashes bullish signs as US and Chinese officials meet in Geneva as trade talks kick off discuss tariffs. The two countries have been locked in a trade war for months, which caused notable dips across risk assets like crypto and stocks last month.
Earlier on, the US Commerce Secretary, Howard Lutnick, had said that there were zero chances that the tariffs currently imposed gainst Chinese products will be paused. The official further admitted to a lack of certainty about how long the discussions were going to last.
However, the fact that the two countries are meeting for the first time is fuelling optimism among traders, with many speculating whether crypto assets will extend their price gains and whether the bullish prediction shared by analysts over the past week will play out.
Crypto Price Prediction – Will DOGE, BONK, FLOKI Sustain Gains?
With crypto traders closely watching for the outcome of these trade talks, three top meme coins are standing out and have a bullish technical outlook that will determine whether their price rallies will continue or grow weak. These coins include DOGE, BONK, and FLOKI, which have registered double-digit percentage gains in the last week.
DOGE Price Explodes 12% as Bulls Eye $0.43
Dogecoin (DOGE) price is making impressive gains considering that it ranks as the top gainer among the top ten biggest cryptos at press time. The Dogecoin price prediction is also bullish after it formed a bullish head and shoulders pattern on the daily chart and broke out of an upward sloping resistance. This breakout suggests DOGE price may surge by 42% to $0.43 in the near term.
BONK Price Targets $0.00004 as Bottom Pattern Emerges
The one-day chart also shows that the price of BONK may be close to a rally to $0.00004 in the near term after it formed a bullish pattern, specifically a double bottom. BONK has also turned the double-bottom’s resistance into support as the DMI index and the ADX line support a bullish prediction for the crypto token’s price. As bullish factors align, BONK has the potential to surge to as high as $0.000040 in the near term.
FLOKI Price Tests 200-day EMA Resistance as More Gains Loom
FLOKI price is testing resistance at the 200-day EMA level on its daily chart, and if it can successfully record a decisive close above it, it will confirm that the long-term trend has changed to bullish. This meme coin has also been trading within an ascending parallel channel, and if it can overcome resistance at the upper trendline, it will show a bullish Floki Inu Price prediction that may clear the path for a run-up to January highs of $0.000020.
Therefore, with the ongoing Geneva trade talks between the US and China hanging over the crypto market, DOGE, BONK, and FLOKI prices may record an increase in volatility. However, the technical outlook shows these coins are likely to sustain their recent gains as the talks occur at a time when the overall crypto price prediction is bullish due to positive economic factors.
Frequently Asked Questions (FAQs)
1. What is the crypto price prediction today?
2. Will DOGE, BONK, FLOKI sustain their rallies after the US-China trade talks?
3. Can Dogecoin price rally 2x to $0.43 in May?
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