As Bitcoin Hits $61K, Will These Top Meme Coins Surge 2x?

The post As Bitcoin Hits $61K, Will These Top Meme Coins Surge 2x? appeared first on Coinpedia Fintech News

With the BTC price hitting the $61k mark, meme coins are finding a boost in their search trends. Such that, the top meme-based cryptocurrencies are gearing up for reversals and breakout runs to lead the bull run. 

So, let’s take a quick look at the top meme coins that are ready for a bull run this week. 

Top Meme Coins To Buy This Week: 

Mog Coin (MOG)

Despite a short-term declining trendline, the long-term uptrend in the Mog Coin price forms a support trendline. However, the meme coins show a bullish reversal from the 200D EMA, ready for a new sprint.

Leading to a bullish crossover in the MACD and signal lines, the recovery run in MOG price challenges the short-term resistance trendline. Currently, the meme coin trades at $0.000001142 with an intraday jump of 5.21%

A breakout rally in the MOG coin price can surpass the 50% Fibonacci level at $0.000001160 to reach the $0.000003153 mark.

Dogwifhat (WIF)

With a double bottom reversal gaining momentum as the broader market recovers, WIF price starts a bull cycle. Trapped in a falling wedge, the meme coin recovery run shows an intraday gain of 9.27% and forms a bullish engulfing candle. 

With the MACD and signal lines merged in the negative territory, the 50D and 200D EMA are ready for a death cross. However, the recent recovery in the meme coin teases a bull run to challenge the overhead trendline.

A breakout rally above the trendline will reverse the declining trend in EMAs and potentially hit the 50% Fib level at $3.40. Optimistically, a bull run in the crypto market could result in a price surge to $5.54. 

Pepe (PEPE)

Forming a bearish channel in the daily chart, the PEPE price action shows a negative cycle. However, the underlying surge in demand shows a double-bottom reversal at the $0.00000772 support level. 

Furthermore, the meme coin price action shows the reversal rally ready to give a pennant breakout run. Supporting the recovery run, the MACD indicator’s bullish crossover and the RSI line’s bullish divergence tease a price jump. 

A breakout rally in the PEPE price can find opposition near the resistance at the $0.000010 mark. Further, a second breakout run can result in a price surge to $0.000016. 

Popcat (POPCAT)

Taking support over a long-coming ascending trendline, POPCAT teases a double bottom reversal in the daily chart. The meme coin shows a bull cycle forming two consecutive green candles, accounting for a 24% surge. 

With a bullish crossover in the MACD indicator and the positive divergence in the RSI line, buyers tighten their grip over meme coins. Based on the Fibonacci retracement, POPCAT challenges the 23.60% Fibonacci level at $0.5174.

Currently, the meme coin trades at $0.50 and reclaims the psychological mark. A bullish breakout of the neckline could propel the POPCAT price to the $1 psychological mark for a 2x surge.