Top 3 Meme Coins Ready For Breakout Rally You Can't Afford To Miss
- 王林Original
- 2024-09-10 18:32:14530browse
With a bullish recovery in the broader market, the meme coins and the AI tokens are back in trend. As the buying pressure increases, these community
Amid the broader market's bullish recovery, meme coins and AI tokens have once again become popular. These community and hype-driven tokens are reaching new highs with a potential breakout rally as buying pressure builds.
Here are the top three meme coin breakout rallies you should keep an eye on as demand picks up steam. So, let's take a closer look at the price charts of these top meme coins for a more in-depth analysis.
Top Meme Coins Gearing Up For Breakout Rally
Dogecoin (DOGE)
Doge price action reveals a bearish trend in motion with a massive falling wedge pattern on the daily chart. However, the meme coin's recent bull cycle with a positive weekend uplifts the possibility of a breakout rally.
Despite the impending death cross on the price chart, the meme coin has risen by 12% over three days and is currently valued at $0.10332. MACD indicator showcases a buy signal with a positive crossover as it reclaims the psychological mark of $0.10.
Currently, the meme coin is all set to challenge the 50-day EMA and the overhead resistance trendline. The breakout rally, based on the price action levels, could signal a price surge to $0.1984 or $0.14009.
Will DOGE’s wedge breakout lead to a new all-time high? Find out now in Coinpedia’s DOGE price prediction.
Dogwifhat (WIF)
WIF token is in a bearish trend with a massive falling wedge pattern, similar to the price chart. However, the meme coin takes a sideways route after finding crucial support at $1.25.
Currently, the meme coin is facing the heat of the 50-day EMA that recently showcased a death cross with the 200-day EMA. But the bull cycle within the falling wedge will probably gain momentum as MACD indicator showcases a bullish crossover, and two back-to-back bullish candles showcase a price jump of 13.52%.
At the moment, the meme coin is trading at $1.67 and is all set to cross above the 50-day EMA. A dynamic resistance breakout will challenge the overhead resistance trendline before hitting the psychological mark of $2.00.
This breakout rally will potentially surge the meme coin back to its 52-week high near the $4.58. Hence, with a massive upside of nearly 200%, this is one breakout rally you can’t afford to miss.
PEPE
PEPE price action showcases a falling wedge pattern during the correction phase in the daily chart. However, the recently formed local support trendline forms a falling wedge pattern with the overhead resistance trendline.
Despite the 50-day and 200-day EMA on the verge of a death cross, the recovery rally forms three consecutive bullish candles, which showcases a 12.23% jump. Currently, the memecoin is valued at $0.000007412 with an intraday gain of 0.36%.
As the new bull cycle gains momentum, the MACD indicator showcases a positive crossover. Considering the uptrend gains momentum, it will likely challenge the merger of the 50- and 200-day EMA near the two overhead resistance trendlines.
Hence, the short-term upside for PEPE is 13.79% near the $0.000008405. In an optimistic case, a bullish breakout rally will have the upside potential of 63.50% to hit the $0.000001207 mark before scaling to the 125% of $0.0000016610.
Is PEPE’s 125% surge the final hit in 2024? Find the real potential in our PEPE Price prediction for 2024 and beyond.
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