**Meme Coin Rally Intensifies as Bitcoin Hits ATH: BONK, WIF, FLOKI Eye Further Gains**

The meme coin market is heating up alongside Bitcoin’s surge to a new all-time high, with Bonk (BONK), Dogwifhat (WIF), and Floki (FLOKI) showing strong bullish patterns. As BTC dominance dips below 65%, meme coins appear ready to lead the next leg of the bull cycle.

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**$BONK Breaks Out from Inverted Head & Shoulders**

BONK jumped over 2% on Friday, extending its rally to a 30-day high after surging 12% on Thursday. The meme coin confirmed a breakout from an inverted head-and-shoulders pattern, breaching the neckline near \$0.00002375—the same level as the May 10 daily close.

It also surpassed the 50% Fibonacci retracement at \$0.00002350, based on the November 20 high of \$0.00006230 and the April 7 low of \$0.00000886. A sustained breakout above this zone could send BONK toward the 61.8% Fib level at \$0.00002958 and potentially up to the 78.6% level at \$0.00004105.

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**WIF Eyes Key Breakout After Regaining \$1**

Dogwifhat (WIF) reclaimed the critical \$1 psychological barrier and is attempting to push above its 200-day EMA. A daily close above this level could open the door to the 50% Fibonacci mark at \$1.212, drawn from the \$4.830 peak on November 12 down to the \$0.304 low on April 9.

**$FLOKI Breaks Channel, Reclaims \$0.0001 Level**

FLOKI has broken out of its descending channel, piercing the 200-day EMA and reclaiming the crucial \$0.0001 psychological level. The upward push aims at the 50% Fibonacci retracement at \$0.0001148—measured from the November 21 high of \$0.0002900 to the April 7 low of \$0.0000455—hinting at a potential trend reversal.

However, if the rally stalls and FLOKI dips below the 200-day EMA again, support could be tested around \$0.0000848.

Overall, the rebound across BONK, WIF, and FLOKI—combined with Bitcoin’s historic rally and falling dominance—suggests meme coins could be setting the tone for the next bullish wave.

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