The post Will These Low-Cap Meme Coins Lead The Bull Market? appeared first on Coinpedia Fintech News
With the Bitcoin price reclaiming the $60K mark, the bullish momentum in meme coins is back. Amidst the recovery run, top meme coins maintain a steady conservative growth, with a fair share of volatility. However, some low-cap coins are the true hidden gems of the crypto market.
With the potential to surge 10x, here are the top three meme coin choices to buy as the crypto market jumps.
Top Meme Coins To Buy: DOG (DOG)
With a market cap of 316 million, the Dog coin ranks at the 212th position in the crypto market. In the daily chart, the Dog coin reveals a bullish breakout of a falling wedge pattern.
However, the dynamic resistance of the 20-day EMA keeps the bullish growth under check. Nevertheless, the Dog coin is preparing for the uptrend continuation with the recent post-retest reversal from the broken trendline.
Currently, the Dog coin trades at $0.003166, with an intraday gain of 5.25%. A bullish breakout of the dynamic resistance could result in a massive price jump of 67% to the next resistance level, $0.005358. The next resistance level is $0.007279.
Furthermore, the bullish breakout of the falling wedge does increase the possibility of the meme coin hitting the $0.01 psychological mark for a new all-time high. However, a broader market recovery is required for the additional push to fuel the Dog coin rally to a new all-time high level.
Gigachad (GIGA)
The Gigachad token has a market cap of 187 million and has increased by 32% in the last 7 days. In the 4-hour chart, the GIGA token price reveals a bullish breakout of an inverted head-and-shoulder pattern.
With an increased bullish influence, the crucial 50 and 100 EMAs give a positive crossover in the 4-hour chart. The meme coin has increased by 26.49% in the last 24 hours, resulting in a long streak of bullish candles.
As per the trend-based Fibonacci levels, the MemeCoin has surpassed the 50% Fibonacci level at $0.01875 and is heading towards the 100% Fibonacci level at $0.02379. If the bullish momentum sustains, the potential breakout rally could reach the 1.618 Fibonacci dollar at the 0.0300 psychological mark.
TURBO (TURBO)
Following the massive jump in late May, the meme coin Turbo is trading sideways in the daily chart. With a market cap of $271 million, TURBO ranks as the 216th biggest cryptocurrency.
The meme coin has increased by 5.56% in the last 24 hours. Currently, it is trading at $0.0041, with a minor pullback from the 20-day EMA. TUBRO’s fate rests in the consolidation range between the 100-day EMA and the 20-day EMA.
A bullish breakout could result in a price jump to the 23.60% Fibonacci level at $0.0052. Optimistically, a bullish trend continuation could complete a rounding-bottom reversal pattern with a neckline at $0.0076, aligning with the 50% Fibonacci level.