Shiba Inu Reversal Hints at All-Time Highs for These MemeCoins! A fresh wave of bullish recovery is emerging among top and popular meme coins as Bitcoin reclaims $63,000. The second-largest meme coin, Shiba Inu, is signaling a trend reversal as WIF and FLOKI tokens surge in price to lead the field.

Will a broader market reversal drive the next wild rally in meme coins in July? Should you consider buying these top meme coins before the bull run begins? Let’s take a closer look at the price chart for a detailed analysis.

WIF price reverses, breaks channel target $5

With the bullish reversal, WIF price broke through the critical demand zone of the psychological $2 mark. Moreover, the meme token is up nearly 50% over the past seven days.
 

Trading ideas

Moreover, the bullish reversal marks the end of the corrective phase in the descending channel pattern. As the memecoin gains momentum, the Fibonacci levels suggest that the uptrend will continue if buyers surpass the 50% level at $2.43.

Considering the ongoing bullish momentum from the broader market uptrend, WIF prices could set new all-time highs in July. After breaking above the $4.58 mark, the psychological milestone of $5 seems like a suitable target.

FLOKI Meme Coin Delays Trend Reversal at 200D EMA

Following a sharp price drop in the market, the FLOKI token entered an accumulation phase at the 200D EMA. This signals a sideways movement after a breakdown from a critical support level, signaling a potential rebound.

Trading ideas

However, the expected double bottom reversal was delayed with a minor recovery candle near $0.00015. According to the trend-based Fibonacci levels, the memecoin is trading below the 23.60% level with an impending death cross between the 50D and 200D EMA.

Nonetheless, a bullish turn from the cryptocurrency market recovery could push FLOKI’s price higher. In July, the uptrend could target $0.00030 or $0.00040. However, a breakout above the all-time high could catalyze a bull run to the psychological $0.00050 mark.

Will the Second Largest Meme Coin Rise 108% in July?

Short-term sentiment is bearish on Shiba Inu due to its downtrend. However, with a market cap of $10 billion, it is the second largest meme coin.

Trading ideas

The decline formed a descending channel pattern and warned of a death cross with the falling 50D EMA. Currently, SHIB price is avoiding a decline to the downtrend line and forming an accumulation range at the $0.00001600 mark.

With an early reversal of the negative cycle, the bull run for Shiba Inu could lead to a breakout rally. In this case, the memecoin would break above the 52W high at $0.00003584 and could potentially reach the $0.000050 mark this month.
 

#WIF逆袭



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