LIVE
😱🚀🚀🚀These 2 Meme Coins may experience a big boom this month. Bullish signal🚀🚀🚀😱
Shiba Inu ($SHIB ) is a meme-based cryptocurrency that started as a playful homage to Dogecoin. Key fundamental factors for SHIB include its significant social media presence, strategic token burns to reduce supply, and continuous development of its ecosystem.
In the daily chart, the SHIB price is steadily recovering under the influence of the ascending trendline. The dynamic support has uplifted the asset from its April 13th low at $0.0000183 to $0.000026 registering a growth of 45%.
By press time, the Shiba Inu price had a market cap of $14.7 billion, while the 24-hour trading volume dropped to $250 million.
If the support mentioned earlier is intact, the buyers could breach the swing high resistance of $0.00003. This breakout could offer a better confirmation of market sentiment shifting from selling on rallies to buying on dips.
The post-breakout rally could push the asset to $0.000038, followed by $0.000054.
2) #Floki
$FLOKI is a meme-inspired cryptocurrency that has significantly evolved from its origins as a playful homage to Elon Musk’s Shiba Inu dog. The core of Floki’s ecosystem includes Valhalla, an NFT gaming metaverse that allows players to earn rewards through engaging activities like battles and asset trading.
Amid the current market consolidation, the Floki price witnessed weakened bullish momentum, resulting in a reversal from $0.000313. This bearish turnaround plunged the meme coin 16% to trade at $0.0000259, while the market cap plunged to $2.44 Billion.
If the supply pressure, the coin price could tumble another 20% to seek support at the ascending trendline. This dynamic support is carrying a bullish trajectory for nearly three months and can recuperate the exhausted bullish momentum in FLOKI.
A potential rebound from this floor could push the asset beyond the $0.0000313 ceiling.
