With Bitcoin prices firmly above $66,000, memecoins are making a strong comeback. The total market value of the meme cryptocurrency market has exceeded $50 billion, and popular tokens have seen sharp increases.
The most outstanding tokens include: Bonk, which rose by nearly 8%, and Dogecoin, which rose by about 4%. In addition, popular tokens such as Neiro, MOG and MEW also led the market.
With memecoins leading the cryptocurrency market’s rally this October, here are some of the most popular memecoins to watch out for and consider buying before the opportunity slips away.
Must buy popular Meme coins:
Bunker
On the daily chart, Bonk price action showed a breakout above a long-term resistance trendline. This completed a triangle pattern breakout as a double bottom reversal at the 50D EMA completed a rounding bottom pattern.
The neckline of the reversal pattern is located near $0.000025. Currently, the meme coin is trading at $0.00002418 and is up 20% in the past seven days. In the past month, it has risen by almost 50% and continues the trend with an increase of 8.31% in 24 hours.
The growing and improving sentiment foreshadows a golden crossover between the 50-day and 200-day EMAs. According to the Fibonacci levels, the next key resistance is located at the 50% level, which is $0.00002845.
If the bullish trend continues, Bonk meme coin is expected to reach $0.00003568 by the end of the month.
Baby
PEPE super bull market often calls for the birth of super meme, which is due to the launch of ETFs and other factors. Driven by multiple favorable factors such as "halving" and "lower interest rates", Bitcoin is expected to hit a new high in this bull market. In this market structure, the new meme leader is expected to form a three-legged situation with Doge and Shib. Considering various factors, Pepe seems to have all the conditions to become a 100 billion-level MEME coin in the new bull market.
Cats in a Dog World (MEW)
The MEW meme token is showing a key breakout entry opportunity amid the broader cryptocurrency rally. With huge upside potential, the MEW token price action is showcasing a retest of the $0.007738 breakout.
MEW formed a massive bullish engulfing candle on October 14, breaking out by nearly 30%. Currently, the MEW token is ready for a rebound after a retest. The MACD indicator shows that the averages are moving higher and the positive histogram has reappeared, supporting the bullish trend.
According to the Fibonacci levels, the up move could touch the $0.01667 mark at the 1.618 level. However, there could be a minor resistance at the 1.272 Fibonacci level (psychological $0.010).
