Analysis

Top Meme Coins To Start A Breakout Rally If Market Recovers!

Published

1 year ago

October 10, 2024

With the rising volatility within the crypto market, meme cash are struggling to make a bullish comeback. Whereas many have breached vital resistance ranges, the dearth of momentum is holding costs caught at decrease ranges.

Will a broader market restoration spur these meme cash right into a moonshot rally this week? Learn our value evaluation beneath to seek out out!

Meme cash awaiting Breakout Rally:

Canine hat (WIF)

With a bullish breakout from a descending wedge sample, the WIF value pattern reveals a rise in bullish momentum. Moreover, the upper excessive pattern formation reveals that there’s a restoration rally.

Trading view

The WIF value pattern reveals a neighborhood supporting trendline that varieties to maintain the uptrend intact. Moreover, the bullish pattern in 50D and 200D EMA is gaining house after the current gold crossover.

At present, the breakout in WIF value is difficult the 38.20% Fibonacci stage at $2.52. A bullish breakout is prone to push the meme coin to the 61.80% stage at $3.31 this week.

Floki

With a bullish breakout of a descending channel sample, FLOKI value surpasses the higher trendline. Nevertheless, the breakout run fails to achieve momentum, leading to a sideways pattern.

Trading view

The sideways pattern within the FLOKI fails to surpass the 50D and 200D EMA beneath the $0.00014 stage. Based mostly on the worth motion evaluation, the breakout rally should surpass the $0.00017 mark for a decisive uptrend.

The overhead resistance ranges for the meme coin are $0.00021 and $0.00032.

Questioning if the FLOKI meme coin will create a brand new all-time document? Discover out now in Coinpedia’s in-depth FLOKI value prediction for 2024 to 2030.

READ Telegram-Linked Toncoin (TON) Poised for 50% Rally, Here’s Why

THUMP

With a bullish conclusion of the decrease excessive pattern formation, the BONK value motion reveals a breakout occasion. Nevertheless, the uptrend fails to interrupt away from the essential EMAs, amid the broader market pullback.

Trading view

Because of the bullish delay, the gold crossover in 50D and 200D EMA is postponed because the meme coin positive factors help throughout the dynamic traces. Moreover, the pullback comes because the retest of the trendline break.

Based mostly on the worth motion evaluation and the Fibonacci ranges, a bullish reversal will place $0.0023 and $0.0033 as the following potential value targets.