With Bitcoin price crossing $71k and the crypto market inching closer to $2.5T, the explosive rally in meme coins is gaining momentum. As Dogecoin leads the pack with a 14% gain in the last 24 hours, the market cap of meme coins has reached $62.23 billion with a trading volume of $9.74 billion.
With a massive upside of 125% in the biggest meme coin, the rest of the tokens are likely to give exponential returns. So, let’s take a quick look at our top meme coin picks to ride the next explosive rally this November.
Top Meme Coins Picks:
Dogecoin (DOGE)
With a market cap of $24 billion, Dogecoin’s price has increased by 16.16% in the past 24 hours. Currently trading at $0.168, the biggest meme coin is leading the bullish pack of meme coins.
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The Dogecoin shows a massive rally, crossing above the $0.15 psychological mark along with the 61.80% Fibonacci level. Currently, the uptrend is heading to challenge the 78.60% level of $0.1835 and the all-time high of $0.2289.
Further, the golden crossover between the 50-day and 200-day EMA bolsters the chances of upside. Considering Dogecoin sustains the bullish momentum, it is likely to reach the $0.3713 mark by the end of November.
Will DOGE’s wedge breakout result in a new all-time high? Find out now, in Coinpedia’s DOGE price prediction.
Dogwifhat (WIF)
With a market cap of $2.62 billion, the WIF token has increased by 8.56% in the past 24 hours. Currently trading at $2.62, the WIF price trend is taking a bullish reversal from the 50D EMA.
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Rising above the 38.20% Fibonacci level at $2.52, the leading coin is likely to face immediate resistance at the 50% level at $2.99. As the broader market recovers and the daily RSI line ends reversing from the halfway level, the WIF token price will likely continue the following week’s breakout rally.
The uptrend is likely to reach the 78.60% Fibonacci level at $2.89. Optimistically fueled by the broader market recovery, the meme coin shows potential to reach the $4.50 and $6.60 levels based on the next Fibonacci levels.
MOG Coin (MOG)
With a market cap of $746 million, the MOG token has increased by 10.37% in the past 24 hours. Currently, it is trading at $0.000001912. With a bullish reversal from the 50-day EMA, the uptrend in the meme coin is challenging the 78.60% Fibonacci level, trading at the psychological mark of $0.0000020.
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Making a cup and handle pattern, after the fallout of the rounding bottom reversal, the neckline coincides with the $0.000003544. Using the Fibonacci retracement tool, the price target for the breakout rally is $0.0000028 and $0.0000038.
Cat in a Dogs World (MEW)
With a market cap of $896 million, the MEW token has increased by 6.2% in the last 24 hours. The CAT-themed meme coin is currently being traded at a psychological price of $0.01009.
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In the daily chart, the ascending triangle breakout rally is facing opposition near the 1.272 Fibonacci level near the $0.01084 mark. With an intraday gain of 3.48%, the MEW coin shows potential to reach the next target level at 1.618 Fibonacci level of $0.01667.
However, the minor bearish divergence in the daily RSI line warns of a minor pullback before the uptrend continuation.
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