😱🚀🚀🚀These 2 Meme Coins could see a significant surge this month. Bullish signal🚀🚀🚀😱
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1) Shiba Inu (#SHIB)
Shiba Inu ($SHIB) is a meme-based cryptocurrency originally created as a playful tribute to Dogecoin. Key elements driving SHIB include its strong social media presence, strategic token burns to reduce supply, and ongoing ecosystem development.
On the daily chart, SHIB's price is showing a steady recovery influenced by an ascending trendline. This dynamic support has lifted the asset from its April 13th low of $0.0000183 to $0.000026, marking a 45% increase.
As of now, Shiba Inu's market cap stands at $14.7 billion, with a 24-hour trading volume of $250 million.
If the current support holds, buyers might break through the swing high resistance of $0.00003. This breakout could signal a market sentiment shift from selling on rallies to buying on dips.
Post-breakout, the rally could push the asset to $0.000038 and then to $0.000054.
2) Floki (#Floki)
$FLOKI is a meme-inspired cryptocurrency that has grown from its playful origins as a homage to Elon Musk’s Shiba Inu dog. Floki's ecosystem includes Valhalla, an NFT gaming metaverse where players can earn rewards through activities like battles and asset trading.
Currently, the Floki price has seen weakened bullish momentum, reversing from $0.000313. This bearish shift caused a 16% drop, with the coin now trading at $0.0000259 and a market cap of $2.44 billion.
If supply pressure continues, the coin price could drop another 20% to find support at the ascending trendline. This dynamic support has maintained a bullish trajectory for nearly three months and could revive the bullish momentum in FLOKI.
A potential rebound from this support level could push the asset beyond the $0.0000313 mark.
