The cryptocurrency market is experiencing a surge, with Bitcoin hitting its highest price yet at over $94,500. Alongside the broader market movement, memecoin prices have been particularly impressive, displaying strong gains this week. Dogecoin soared 13.38%, Shiba Inu added 11.17%, and Trump coin jumped 14.56%. Bonk and Floki memecoins are leading the charge with remarkable surges of 24.74% and 27.36% respectively, leaving market observers closely watching for their next moves. This week’s performance comes on the heels of a strong bullish reversal in the smart contract sector, which is boosting other Ethereum-based altcoins as well. A closer look at Bonk and Floki reveals exciting price action: The Bonk coin has reclaimed its resistance level of $0.0000150 and is poised for further gains. Meanwhile, Floki’s strong performance is fueled by the positive MACD and a rising 50-day EMA, with potential to reach its target price of $0.00008950. However, both memecoins face challenges like market volatility that may impact their prices.