๐ฑ๐2 Meme Coins with big breakout potential ๐ธ๐ถ
With a pullback channel in the daily chart, the PEPE price trend reveals a correction phase of 50%. However, the recent bull cycle within the bearish pattern teases a breakout rally to reignite the uptrend.
Taking support from the 200D EMA, the double bottom reversal in the meme coin challenges the overhead trendline. With a morning star pattern and a 12% rise within 48 hours, the breakout chances are significantly high for PEPE.
As per the trend-based Fibonacci levels, the PEPE could hit the $0.000020 mark.
Dogwifhat (#WIF )
With Solana-based meme coins being the best performers this year, the $WIF price trend reveals a massive upside as the recovery rally begins. Despite a correction phase of 60%, the WIF price takes a bullish reversal from the $1.50 psychological mark.
Trading at $1.81, the meme coin creates a streak of four bullish candles and challenges the overhead trendline. As the WIF price challenges the 61.80% Fibonacci retracement, the ongoing recovery plans a breakout rally to extend the uptrend.
The breakout rally could hit the 23.60% Fibonacci level at $3.556.
