The cryptocurrency market is gearing up for an explosive October. Now that the Federal Reserve has also announced a rate cut, the door is open for the next cryptocurrency bull run.

The following are the meme coins that I think are worth investing in. If you also have specific currency recommendations, you can bring them later. If you don’t know where to get on or off the bus, you can contact me and we can do it together.

SHIB

Like most other strong meme coins, Shiba Inu has experienced a significant surge since the news of the Fed’s rate cut. Shiba Inu is now worth 6.2% more than it was a week ago.

Looking at the project’s technical indicators, buying momentum seems to have clearly strengthened as the RSI has risen above 65 and the MACD histogram has given a buy signal with a value of -0.00000010. The SHIB price has also now broken above its short-term moving average, which suggests that SHIB is likely to continue to rise for at least the next few days.

However, Shiba investors anticipate resistance levels at $0.0000142 and $0.0000144. Only if the price is able to break through this resistance level, we could see further gains to $0.0000161. This would represent a little more than 14% increase from the current Shiba Inu price.

DOGE

As the world’s largest memecoin, most eyes are still on Dogecoin. However, due to its huge market cap, Dogecoin no longer seems to be able to achieve classic “memecoin profits”, which is now reflected in Dogecoin’s price action. While SHIB and FLOKI have quickly risen by more than 5% and 7% in recent days, Dogecoin has had to accept a 2.4% increase.

This is a clear sign that Dogecoin investors should expect a mild uptick in the memecoin.Dogecoin could currently rise to $0.1183, where its 200-day moving average appears to be the highest.

FLOKI

Compared to Shiba Inu and Dogecoin, Floki is the biggest gainer of the past few days, which makes sense since the coin has a much lower market cap than these major currencies at $1.27 billion.

However, FLOKI has not yet broken out of all the EMAs. Now, FLOKI price is below its 50, 100, and 200-day EMAs. If an up move is possible, FLOKI price will face some resistance. Therefore, FLOKI must first deal with the $0.00013382 and $0.000146 resistance levels before looking for a possible rise to $0.000179.