đMeme Coins to Keep an Eye on in December 2024
A memecoin, as the name suggests, is a coin built on the back of a meme and a running joke. While the idea behind these crypto projects might have been a joke, at the same time â the current status of these coins is no joke.
Dogecoin price is expected to find support around the $0.4 level that it has recently flipped. A drop below this threshold could lead to further declines, potentially near the $0.3 levels.
Should Dogecoin reach $0.5 before the end of November, it may set the stage for further gains, with the possibility of hitting $1 before the end of 2024 even!
Shiba Inu price remains approximately about 240% away its previous all-time high of around $0.000089. Key psychological resistance is anticipated near this level, while support is likely to be found within the $0.00002 region.
3. Pepe (PEPE)
At present, Pepe price is trading far above both its 50-day and 200-day EMAs, which recently experienced a bullish crossover. This positive technical signal indicates the potential for further upward momentum in Pepeâs price.
On the upside, if Pepe can sustain above the critical $0.00002 level, increased buying pressure could propel the price to $0.00004 before the end of the year.
WIF price has gone from under $2.25 to nearly $4.5 at its highest in the local high â and has since receded slightly and is trading under $3.5 as of writing this article.
A breakout above the $3.5 level, which coincides with the R3 Fibonacci pivot level â would result in a positive confirmation of the recovery and potentially breakout of the psychological level at $5.
5. Bonk (BONK)
Currently, BONK price is trading far above the base Fibonacci pivot levels and all techncial levels for November. A breakout above the critical $0.00005 mark could set the stage for further price increases, with potential targets up to $0.0001 â a possible 100% rise from current levels before the end of the year.