The top coins mark a bearish Wednesday as the market takes a short pause after a massive boom this Monday. However, a sector of altcoins, meme coins, is chasing higher levels in a volatile market.
With the crypto world anticipating an altcoin season soon, meme coins are a great option for massive returns. However, the increased volatility and quick reaction to sentiments make them a riskier option.
Worry not. We bring a list of top potential meme coins staging the next 10x surge. So, let’s examine the price charts and analyze their potential and the likelihood of a bull run.
Breakout Rally For This Meme Coin Teases Bull Run
In the 1D chart, the WIF price trend shows a massive overnight surge of 10.22% to create a bullish engulfing candle. The price jump in the meme coin marks a bullish breakout of the symmetrical triangle and is ready to reclaim $3.
Tradingview
One of the top performers in the meme coins sector, Dogwifhat, is a newcomer trending within the market. This highlights the massive upside potential in WIF price if the uptrend gains momentum.
The triangle breakout rally could reach the $10 mark in the weeks and potentially aims for levels above $15 in the altcoin season.
BOME Breakout Goes Breakneck
Another top performer with a 20% jump in the last four days, the Book of Meme token, is on a bull run. The overhead trendline breakout marks a triangle break in BOME price action and surpasses the 50% Fib level.
TradingView
As the streak of three bullish candles faces a threat near $0.013, the meme coin is ready to challenge the $0.015 mark. As per the retracement levels, the BOME price could head higher to the $0.059 mark.
Optimistically, the altcoin season can witness a surge in Book of Meme to levels near the psychological mark of $0.10.
DOG GO TO THE MOON Rally Begins
With the intent to boost Bitcoin’s adoption by the masses, DOG GO TO THE MOON is on a bullish revival. The DOG token price has increased by 69% to create a three-day bullish candle streak.
TradingView
In the 4H chart, the meme coin reveals a rounding bottom pattern with a neckline at an all-time high of $0.0057. As per the trend-based Fibonacci levels, the trend reversal in the DOG price could reach the $0.010 mark in the coming weeks. Considering the bull run continues, the uptrend in this meme coin could reach $0.050.
Will These Meme Coins Jump 10x?
As the momentum increases in the broader market, the bullish anticipations around the meme coins are growing intense. Further, the promising price action of these coins offers a great buying opportunity before the bull run begins.
Credit: Source link