The post POPCAT, FLOKI, PEPE: The Only Meme Coins You Need To Buy This Week? appeared first on Coinpedia Fintech News
With the BTC price restarting a new negative cycle within a channel, the meme coins are taking a minor pause. However, the broader market anticipates a bull run ahead with an altcoin season fueling the meme coins mania.
Within many meme-centric tokens, the segment is close to saturation, which leads to choice overload. So, let’s take a quick look at the only top meme coins you need to buy to capture the bull run.
The Only Meme Coins You Need To Buy:
Popcat (SOL) (POPCAT)
With a rising channel in the 4-hour chart, the PopCat token shows a bullish rally at play. The meme coin takes a bullish stand at $0.29, leading to a 200% surge in the last two months.
Furthermore, it briefly topped the $1.00 psychological mark near the overhead resistance trendline. Taking support from the 50 EMA in the 4-hour chart, the bull run challenges the overhead supply.
With a trend reversal in the 4-hour chart, the Fibonacci level paints the target at $1.35 and $2.00 psychological mark in case of the overhead trendline breakout. Furthermore, supporting the bull run, the MACD and signal lines give a bullish crossover.
FLOKI (FLOKI)
With a bullish breakout of a falling channel pattern, the FLOKI token is one of the quickest meme coins to get a bullish reversal. With a double bottom reversal from $0.0001, the channel breakout rally exceeds the 200-day EMA.
Currently, the meme coin is trading at $0.0016 and has increased by almost 40% in the past two weeks. Based on the short-term analysis, the meme coin detests the $0.001005 breakout and is ready for a post-retest reversal.
With a low price action in the intraday candle, the uptrend is likely to challenge the $0.0020-21 resistance area with the next target at $0.0032. Based on the early 2020 bull run, the 10X surge potential for FLOKI puts the $0.0010 in the target zone.
Curious to know if the 10x surge in FLOKI will materialize in 2024. Find out now in Coinpedia’s FLOKI price prediction for 2024 and 2030.
Pepe (PEPE)
With a bullish breakout of a falling wedge pattern, the PEPE token is ready for a trend reversal. The growing bullish influence leads the 50-day and 100-day EMA for a bullish crossover.
Further, the meme coin surged by 73% in the past 23 days, reclaiming the psychological mark of $0.000010. The uptrend is facing opposition at $0.000012.
With a potential evening star, the meme coin hints at a potential retest before a bullish continuation. Based on the previous bull run, recorded in March 2024, of more than 700%, the meme coin shows potential to surpass the $0.000060 mark.
However, in the short term, the price action reveals crucial resistances at $0.000012 and $0.000016.