Can These Meme Coins Outrun The Top Tokens This Crypto Bull Run?

3 months ago 4

ARTICLE AD BOX

The post Can These Meme Coins Outrun The Top Tokens This Crypto Bull Run? appeared first on Coinpedia Fintech News

With the crypto market reclaiming the $2 Trillion valuation, the memecoins have experienced a strong bullish bounce back in their respective valuations. Further, with the current market sentiments, investors are constantly surfing the meme coin category for a potential 100X Gem!

Can these 4 memecoins outperform the top cryptocurrencies during the upcoming AltSeason? Scroll down as, in this article, we have uncovered the 4 hidden gems of the meme-verse.

Floki (FLOKI)

Amid increased volatility, the Floki price has added approximately 5% within the past day with a trading volume of $157.87 million. Despite recording a drop of 23.89% over the past week it has a YTD return of +228.26%. This suggests a long-term bullish sentiment.

The Relative Strength Index (RSI) has displayed a steady rise toward the mid-point, indicating increased Floki price action in the market. Further, the average trendline hovers around the neutral point, suggesting a potential bullish reversal.

If the market regains momentum, the Floki coin price will prepare to test its resistance level of $0.000155 in the coming time. However, a bearish action could pull the price toward its support of $0.000101.

Dogwifhat (WIF)

With a bullish recovery, the WIF price has jumped 7.82% over the past 24 hours. Moreover, with a Year-to-Date (YTD) return of +936.96%, the memecoin has secured the 47th position with a market capitalization of $1.581 billion.

The technical indicator, MACD displays a rising green histogram in the 1D time frame. Further, with a bullish convergence, the Dogwifhat price indicates a positive outlook in the coming time.

Suppose, the bulls gain power, in that case, the WIF price will head toward its resistance level of $2.10. On the flip side, if the bears overpowered the bulls, the price may retest its low of $1.240 this month.

Also, read Dogwifhat (WIF) Price Prediction for long-term price projections!

Brett (Based) BRETT

In spite of recording a drop of 15.67% over the past week, the Brett (Based) price has jumped 12.40% during the past month. Moreover, with a YTD return of over 83%, this project has turned out to be the most profitable memecoin of the BASE chain.

The RSI indicator continues hovering below its neutral point in the 2H time frame. Further, its average constantly acts as a resistance to the price chart. This indicates a mixed price action for the meme coin in the crypto market.

Maintaining the price above its support level of $0.07395 could set the stage for BRETT price to prepare to test its upper level of $0.09763. On the contrary, a bearish reversal could pull the price toward its lower support of $0.04570.

Dogs (DOGS)

Built on the TON chain, the DOGS price instantly gained significant traction from the crypto space. Trading at a discount of 34.71% from its ATH, it has jumped approximately 10% within the past day with a trading volume of $497.212 million.

The Moving Average Convergence Divergence (MACD) displays a constant rise in the green histogram with its averages showing a constant rise. This suggests increased buying-over-selling pressure for the DOGS price in the market.

If the market pushes the DOGS memecoin price above its resistance of $0.0011, the bulls will regain momentum and prepare to test its high of $0.00135. Negatively, a weak sentiment could result in its retesting its support of $0.0009291.

Also, read Brett (Based) BRETT Price Prediction 2024 – 2030

Read Entire Article