These Memecoins Could Enter the Top 100 Soon, Should PEPE, FLOKI or BONK be Worried?
The post These Memecoins Could Enter the Top 100 Soon, Should PEPE, FLOKI or BONK be Worried? appeared first on Coinpedia Fintech News
While the top tokens like Bitcoin, Ethereum, Ripple, Cardano, etc have been stuck within a narrow range, memecoins continue to attract traders’ attention. The initial bull run of 2024 was ignited by the PEPE price rally which FLOKI, BONK, WIF, etc later followed. Meanwhile, Dogecoin & Shiba Inu continue to display minor jumps which suggest that market participants constantly search for new tokens which may incur huge profits.
Among all the other memecoins, DOG.GO.TO.THE.MOON (DOG) and Memecoin (MEME) are the two tokens which are exhibiting massive strength.
DOG.GO.TO.THE.MOON (DOG) Aims to Hit $0.01
- DOG price has formed a new ATH at $0.00962 in the past 24 hours, with a jump of over 25% and a massive rise in volume of nearly 150%
- With just a few days of history, the memecoin has made it close to the top 100 and hence, a minor push may assist the token in entering the area
- However, before the next bullish push, a notable pullback may be imminent, as the bulls appear to have drained a bit after marking new ATH
- The MACD shows a drop in buying pressure; the levels are close to undergoing a bearish crossover and StochRSI is heading toward the lower threshold
- Therefore, the DOG price may drop to the interim support level of $0.0083, offering a catapult action to rebound and rise beyond $0.01
Memecoin (MEME) Feared to Plunge by 15%
- The MEME price has maintained a notable descending trend throughout March, April & May, and hence the trend is expected to continue in the first few days of June
- The token is forming a constant lower high and low, displaying a significant drop in bullish strength as the bears appear to have held a tight grip over the rally
- The token’s volatility has been pretty high, indicating the volume has been fluctuating in favour of bulls and bears very frequently
- Besides, the MACD is displaying that the buying volume is decreasing but importantly, the levels may plunge back into the negative zone, suggesting the continuation of a descending trend
- Therefore, the MEME price is expected to hit the local support zone between $0.023 and $0.024, which may test the bullish strength. A positive trend may trigger a rebound and a negative impact may drop the levels to $0.021
Collectively, the DOG price appears to be in a good position and may enter the top 100 very soon, while, the MEME price may take more time to do so.
