😱🚀🚀Meme Coin: The Best Meme Coins Signaled a 2-fold Increase in July🚀🚀😱
Falling Channel In #WIF Meme Coin Preps Breakout Run
With a bearish channel pattern in the daily chart, the pullback phase in the $WIF price accounted for an almost 60% drop. However, in the recent bullish cycle from $1.58, the meme coin takes an 18% price jump to challenge the overhead trendline.
With the bull cycle, the WIF price teases channel breakout and the 61.80% Fibonacci level at $2. Further, the recovery rally teases a bullish crossover in the MACD and signal lines, a potential trend reversal signal.
With the breakout run, the meme coin can reach the present all-time high of $4.58 next month. This will hint at an extended uptrend.
#PEPE Reversal in Step-Down Trend Breaks Overhead Trendline
As one of the best-performing meme coins, the PEPE price forms an all-time high at $0.000017. However, with the crypto market crash, the frog-themed meme coin takes a step-down approach, making a new resistance trendline.
However, the recent bounce back from the 50% Fibonacci level at the $0.00001080 support zone leads to a breakout. As the overhead trendline fractures, the $PEPE price suggests a bullish trend reversal.
If the broader market recovers, the PEPE price breakout rally could surge to a new all-time high level with the $0.000018 breakout. Optimistically, the bull run can reach the psychological mark of $0.000020.
#BONK Channel Breakout Eyes $0.000050
Like most top meme coins, the BONK price trend showcases a falling channel pattern. However, with the recent turnaround, the BONK price surpasses the overhead trendline. This reversal move starts with taking psychological support at the $0.000020 level
Further, the breakout event brings a bullish crossover in the MACD indicator. And the RSI line jumps from the oversold boundary. Hence, the technical indicators reveal a bullish bounce-back.
If the meme coins sustain an uptrend, the $BONK price can reach the $0.000040 peak before heading to the psychological mark of $0.000050,
