Meme Coins Spearhead Altcoins Sector Uptrend, Will DOGE, SHIB, and BRETT Lead the Rally?

With the stellar altcoins sector making a massive bullish wave, the iconic memecoins are leading the uptrend. As the highest-performing sector in 2024

As the altcoin sector makes bullish waves, memecoins are spearheading the uptrend. Being the best performing sector in 2024, the demand for memecoins is constantly rising, followed by RWA and AI tokens. Amidst the bull run in these communities and hype-driven coins, the top names like DOGE and SHIB tease at a trend reversal rally. Moreover, the comparatively new token BRETT teases a massive breakout rally for huge gains. As the bull market is on the verge, will the top memecoins lead from the front?

So, let's have a closer look at the DOGE, SHIB, and BRETT price charts to answer these questions.

Biggest MemeCoin In A Falling Wedge

After making the yearly high at $**0.22, the biggest **memecoin** per market cap, Dogecoin, undergoes a correction phase. Under a pullback, the DOGE price falls from the **$0.2252 W high to the descending support trendline at $0.1175.

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The downtrend in the DOGE price forms a falling wedge pattern and the negative cycle within breaks under the 200DEMA. Nevertheless, the memecoin has sustained dominance above the $**0.10 psychological mark. Currently, the **memecoin** trades at **$0.12548 following the overnight jump of 6.05%.

On the technical front, the DOGE price recovery results in a bullish crossover of the MACD and signal lines. Further, it delays the looming death cross in the daily chart. If the bull cycle in the falling wedge gains momentum, the memecoin can reach the 50DEMA at $**0.14 to tease a **bullish** breakout. A breakout rally can result in a **bull run** to **$0.18 or $0.22.

Falling Channel For Shiba Inu

On a slippery slope, the Shiba Inu token reveals a falling channel in the daily chart. Further, after the 52W high formation at $0.00004567, the declining memecoin breaks under the 200DEMA, threatening a death cross in the daily chart.

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However, the negative cycle in the daily chart takes early support at $**0.000017 before testing the support trendline. With an early reversal, the **memecoin** teases a comeback. Further, the **bullish** crossover in the MACD and signal lines bolsters the possibility of an uptrend. As the trend momentum increases, the **bull** cycle may hit the **$0.000025 mark. This will increase the channel breakout possibility for a bull run to $0.000035.

BRETT Breakout Run Eyes 50% Hike

Maintaining a bullish trend in the long-term, the BRETT price action forms a solid support trendline. In the 4H chart, the bullish trend shows a triangle pattern breakout as it surpasses the short-term resistance trendline.

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With the recent bounceback from the support trendline, the memecoin price is up by 25% and well above $**0.15. However, a potential retest of **$0.15419 is the next possible move before a price jump. As per the trend-based Fibonacci levels, the BRETT price can reach the $0.23318 mark next month.

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