Many retail investors are turning to low-cap altcoins, particularly meme coins, known for their impressive price surges. These coins are favored for their tendency to experience sharp and sudden price spikes, attracting attention from the crypto community seeking substantial returns.
Within the vast array of community-driven altcoins, some exhibit promising patterns that suggest they could undergo significant price increases. Such meme coins with strong potential for notable price jumps, especially after the Bitcoin Halving. Let’s examine their price charts more closely.
Top Meme Coins with Potential Price Surges Post-Correction
1. Slerf (SLERF)
Slerf (SLERF) Price Chart: Source – Tradingview
Despite a significant correction visible in the 4-hour (4H) chart, Slerf indicates a high possibility of reversal as the pullback consolidates. The meme coin’s price action reveals an inverse head and shoulder pattern, suggesting a shift in underlying sentiments. Typically, this pattern signifies a trend reversal, with a neckline formation at $0.45.
A breakout above this level could spark a new bull run for SLERF. If buyers manage to surpass the $0.50 psychological barrier, the uptrend might extend to the $1 mark. Further bullish momentum could even propel SLERF towards the $5 mark in 2024.
2. Book of Meme (BOME)
Book of Meme (BOME) Price Chart: Source – Tradingview
In the 4H price chart, the BOME price trend forms a descending triangle as the downtrend approaches the $0.007233 support level. Despite multiple failures to regain uptrend momentum, bullish RSI divergence and solid support near the $0.007233 level suggest strong reversal chances.
A breakout rally could drive BOME towards its previous peak of $0.024, with a potential target of $0.20 by the end of 2024.
3. Dog-Themed Meme Coin: Bonk
Bonk Price Chart: Source – Tradingview
After an impressive recovery rally, a broader market correction leads to the formation of a falling wedge pattern in BONK. However, with a bullish break, BONK presents a high potential bullish setup for a significant surge in the coming weeks.
Overcoming supply at the overhead resistance trendline signals a trend reversal, with short-term uptrend potential to the $0.000050 mark and optimistic buyers aiming to break $0.00010.
4. Cat-Themed Meme Coin: MEW
MEW Price Chart: Source – Tradingview
As one of the top-performing cat-themed coins, the MEW Token displays a high possibility of reversal to conclude its pullback phase. With solid support at $0.004529, MEW teases a breakout rally on the 4H chart.
A breakout above this level could mark the end of the downtrend and signal a buying opportunity, potentially fueling an uptrend towards the $0.010 mark in 2024.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
