Top Meme Coins Set For 2x Breakout Rally As Bitcoin Rises To $62K
As Bitcoin nears the $62K mark after the chaotic first week of October, meme coins are on the rise again. Amid rising geopolitical tensions, the historic October crypto rally is in jeopardy.
In such situations, here are three top meme coins that are ready to come back in a flash rally. So, let's take a look at these top coins for next week's 2x crash run.
Top Meme Coins to Buy:
BONK
A bearish reversal in a triangle pattern, the price of BONK token returns to the 50-day EMA. Additionally, MemCoin finds support near the 23.60% Fibonacci level at the $0.000020 psychological mark.
Following Friday's 8.42% recovery, BONK's price action is showing a bullish Harami pattern at a critical support level. Additionally, the 200D and 50D EMA are at the golden cross.
If the bull cycle breaks above the main trend line, MemCoin may reach the $0.00003756 mark. On the upside, critical supports are at $0.000020 and $0.000015.
Shiba Inu (SHIB)
With the high resistance of a falling channel pattern, Shiba Inu shows a trend reversal on the daily chart. However, the breakout run kicks into reverse gear amid a market decline to retest the 50D EMA.
A 20% retracement in five days shows a rejection of the 50D EMA low into a morning star pattern. Additionally, a bull run shows an increase of 8.08%, followed by a daily gain of 1.55% today.
With the broader market experiencing a minor recovery in a potential bear market, meme coin is poised for a comeback. Depending on the price action, the increase in SHIB could be between $0.00002118 and $0.00002742.
pepper
Similar to the Shiba Inu, the PEPE meme coin shows a falling wedge breakout run that ends the retracement phase. However, the breakout run takes 180 and retests the 200-day EMA with a 25% decline.
However, MemCoin is back in action with an intraday recovery of 8.76% leading to a higher candle. Additionally, the 50D and 200D EMA are gaining momentum after the golden cross.
Depending on the price action, the V-shaped reversal in PEPE may challenge the $0.000012 and $0.000016 marks. On the upside, critical supports are at $0.0000083 and $0.0000075.
Want to sort Pepe? Find potential price targets in our Pepe price forecast
