🚀🚀😱The Market Is Making Its Final Correction These Altcoins May Be Ready to Explode😱🚀🚀
Dogwifhat ($WIF )
Another coin taking a huge hit last night, Dogwifhat, brings an opportunity to buy at lower levels. The altcoin price trend shows a strong support trendline in action in the daily chart. The ascending trendline has provided multiple bounce-backs for the meme coin over the weeks.
Following the end of the pullback phase with the trendline breakout in the 1D chart, the WIF price follows an uptrend. However, the overnight drop of 11.58% sustains above the trendline with a long tail formation of the bearish indulging candle.
Hence, the uptrend sustains despite the overnight fall and projects a bounce back in the coming days. A bullish jump in the #WIF price could hit the $4.75 mark.
Ocean Network (#OCEAN )
With a pullback phase visible in the daily chart, the $OCEAN price trend is under bearish influence. The pullback phase forms a resistance trendline to create a declining triangle in the 1D chart.
As the altcoin tests the 200D EMA with the 9.67% crash overnight, the downfall could continue if the market recovers after a pause. However, a bullish reversal chance is prominent with the lower price rejection despite the bullish dominance at the $0.78 demand zone under stress.
A reversal turning into a breakout rally will pump the altcoin price higher to reach the $1.40 mark.
Telegram’s meme coin, the Notcoin, shows a critical pullback, with the Bitcoin price sliding under the $71K mark. The $NOT price dumps below the $0.020 support level and tests the 50D EMA.
Nevertheless, the prevailing uptrend sustains the bullish sentiments, and the altcoin is well above the 1.618 Fibonacci level. Further, in the 4H chart, the bounce back from the 50 EMA teases a recovery ready to create a new all-time high.
The upside potential for the meme coin teases a potential $0.029 breakout to reach $0.050 by the end of June.
