Meme Coins Worthy Of Your Watchlist For A 2x Rally
The post Meme Coins Worthy Of Your Watchlist For A 2x Rally appeared first on Coinpedia Fintech News
With a silent mid-week for Bitcoin and top altcoins, the meme coins are rising in rank with increasing demand and FOMO. Apart from the trending picks like PEPE, WIF and others, here are some alternatives with equally exciting upside potentials.
So, let’s have a closer look at the price chart of these meme coins.
Meme Coins Worth Buy: BRETT (BRETT)
With a $1.2 Billion market, the close friend of PEPE has quickly made a name for itself in the meme coin segment. Standing at #63 in the top 100 crypto list per market cap, the BRETT price trades at $0.1289 and has an intraday pullback of 2.78%.
In the daily chart, the BRETT token shows a pullback phase in motion, leading to an overhead resistance trendline. Further, as per the trend-based Fibonacci levels, the BRETT price struggles to surpass the 23.60% level.
As the broader market recovery picks up pace, the meme coin could signal an uptrend continuation with the trendline breakout. The Fib level teases a potential price jump to $0.26 or $0.36.
FLOKI (FLOKI)
Being a top performer in early 2024 and with a show of resilience in June, FLOKI showcases tremendous underlying demand. With a $1.72 Billion market cap, the meme coin ranks at #52 in the list of top 100 crypto and trades at $0.0001781.
In the daily chart, the FLOKI Price struggles to surpass the crucial resistance level at $0.00019, coinciding with the 23.60% trend-based Fib level. Furthermore, the underlying increase in demand teases an inverted head and shoulder pattern with the neckline at $0.00019.
With the recent surge and the increasing demand for meme coins, the FLOKI price teases a breakout rally ahead. As per the Fibonacci levels, the uptrend could hit the $0.00033 peak before a rally to $0.00055.
Shiba Inu (SHIB)
Despite a falling channel in the daily chart, the second biggest meme coin, Shiba Inu, has a $10.3 Billion market cap. The correction phase accounts for a decline of 50% from $0.000035 to the current price of $0.00001752.
With the current bull cycle within the channel failing to surpass the 23.60% Fibonacci level, the meme coin witnesses another drop. However, the broader market reversal and the increasing FOMO could fuel the SHIB price to outgrow the channel.
A breakout rally could reach the $0.000035 peak before launching off to the 1.618 level at $0.000057.
