The post Top Dog-themed Meme Coins Ready for the Breakout Season? appeared first on Coinpedia Fintech News
With the altcoin market gaining momentum, the DeFi and dog-themed memecoins are preparing for a moonshot. The underlying increase in meme coins reveals a surge in FOMO sentiments, potentially fueling the next stage of the bull run.
Further, with the Bitcoin price back at $60,000, will meme coins reach new all-time high levels this week? Let’s look at these top coins for a 2x breakout run potential.
Top Meme Coins To Watch:
Dogwifhat (WIF)
With a market cap of $1.518 billion, Dogwifhat shows a bullish trend ready to bounce back as the underlying sentiments improve. The downfall in the WIF price shows a double-bottom reversal near the $1.26 support level.
Further, the meme coin shows a falling wedge pattern in the daily chart as the trading volume picks up. Currently, the WIF price trades at $1.58 with an intraday move of 1.42%.
The MACD indicator shows a bullish crossover, and the RSI line spikes up and is ready to hit the halfway line.
If the bull cycle in the falling wedge gains momentum, the meme coin can reach the $3.50 mark. A breakout rally can result in a bull run to $5.
Shiba Inu (SHIB)
The second biggest meme coin in the crypto industry, Shiba Inu, shows a falling wedge in the daily chart. However, the bearish trend in SHIB price takes support at the $0.00001288 horizontal level, teasing a double-bottom reversal.
The MACD indicator shows a bullish surge in the underlying sentiments as the average lines give a positive crossover. Further, the daily RSI line shows an uptick to the halfway line.
As the trend momentum increases, the SHIB price can hit the $0.000021 mark. Further, with the channel breakout rally, the bull run can hit $0.000035.
FLOKI (FLOKI)
With a falling channel pattern in the daily chart, the FLOKI price shows a bullish uprising. As the supply pressure gets absorbed at $0.0001101, the meme coin teases a double-bottom reversal within the bear channel.
Similar to other meme coins, momentum indicators like the MACD and RSI support the bullish recovery. With a streak of four bullish candles, the meme coin is on the verge of challenging the overhead trendline.
The meme coin teases a breakout rally as the buying pressure increases with the broader market recovery. With a high-momentum breakout run, the FLOKI price can reach the $0.00020 mark.
