🚀 Meme coins stole the spotlight during the May 3-4 market recovery. Dogwifhat (WIF) led with a 20.58% increase, followed by Dogecoin (DOGE) at 13.80% and Pepe (PEPE) at 12.93%.

🐕 WIF's price hit $3.32 with no apparent resistance on the 4-hour chart, suggesting continued bullish momentum targeting $4.36. DOGE could see a 19.17% rise to $0.18 if it follows WIF's trajectory, but watch for potential profit-taking as both WIF and DOGE are near overbought levels according to the RSI.

🐸 PEPE and FLOKI's market structures are similar, both benefiting from bullish flag formations on the 4-hour chart. PEPE's rise could indicate a similar move for FLOKI, backed by positive signals from the Awesome Oscillator (AO) and On Balance Volume (OBV).

💣 BONK and SHIB showed varied trends, with BONK's MFI reading of 89.99 suggesting it's overbought and potentially due for a correction. Traders may anticipate capital flow out of BONK and SHIB, impacting their prices.

⚠️ Note: Meme coins are highly volatile. Traders should exercise caution and monitor technical indicators for potential market shifts.