Crypto market analysts anticipate a recovery rally next week with the potential Ethereum ETF listing, the delayed effect of the US CPI data release, and the end of the German Bitcoin Sell-off. Amidst the recovery rally, altcoins, especially meme coins, are known for massive jumps.
With the new trend and demand rush in political-themed and other meme coins, riding. So, let’s look closer at the trending and high-potential meme coins to watch out for next week.
Meme Coins To Watch Out: MAGA (TRUMP)
With a market cap of $275M, the political-themed MAGA token is inspired by the “Make America, Great Again” by Donald Trump. Hence, the token code is based on TRUMP and has recorded a massive jump of more than 3000% since inception.
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However, with a falling channel in motion, the meme coin experiences a pullback phase amidst a broader market downfall. To shift the trend, the recovery rally from $4.528 in the 4H chart reclaims the 50 EMA and surpasses the overhead trendline.
If the breakout rally continues to gain momentum and surpass 200D EMA, then the MAGA price could reclaim the $10 psychological mark. Further, as per the Fibonacci levels, the uptrend could reach the $17 peak if sustained above the 50% level.
Mog Coin (MOG)
As the first culture coin of the internet, the MOG coin is an ERC-20 token based on Ethereum’s mainnet. With a rising trend in the daily chart, the MOG price trend reveals a bullish channel pattern.
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With an intraday gain of 2.21%, the meme coin avoids an evening star pattern near the overhead resistance. As per the Fibonacci retracement over the March to April correction, the MOG price challenges the 1.618 level.
A potential trendline breakout with a recovering market next week, the meme coin could easily hit the 2.618 level at $0.000002532.
Cat In A Dogs World (MEW)
With a market cap of $282M, the Solana-based meme coin, MEW token remains a top name in the sector. As one of the top-performing meme coins not just in the Solana ecosystem but the entire crypto market, the MEW token is one of the top picks for smart money.
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With a double-bottom reversal possibility in the 4H chart, the MEW token teases a bounce back. The baseline remains strong at $0.0031 and teases a neckline at $0.0036
Considering the bullish pattern plays out, the meme coin could hit the overhead trendline near $0.0041. Optimistically, the uptrend with trendline breakout could hit $0.0061 or 61.80% Fibonacci level.
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