As the cryptocurrency market regains momentum, memecoins are leading a new round of recovery phase. In particular, the news that the Ethereum ETF will be listed on June 22 has greatly improved market sentiment and promoted the market's FOMO (Fear of Missing Out) rally. As bullish expectations increase, memecoins are particularly outstanding. This article will introduce some popular memecoins that are most likely to see a high momentum rally next week.
MOG (MOG)
Market trends and technical analysis
MOG coin price trend continues to show strong bullish characteristics, having recently broken out of the ascending channel and successfully retested it. This retest and rise explains last night’s 16% surge, which formed a bullish engulfing candle.
Trading ideas:
The MACD, signal line and 50D EMA are all showing a bullish trend.
The current price of MOG is $0.0000021, with an intraday pullback of 3.15%.
Under optimistic expectations, MOG might reach the $0.0000030 level and then rise further to the psychological milestone of $0.0000050.
PEPE
Market trends and technical analysis
As one of the most popular and trending meme coins, PEPE is ready to reach new highs. By breaking out of the pullback channel, PEPE overcame the 50D EMA and bounced off the 200D EMA.
Trading ideas:
PEPE formed a Morning Star pattern and gained 9% last night, ready to challenge the trend-based 50% Fibonacci level at $0.00001429.
Currently trading at $0.0000122, PEPE suggests an inverted head and shoulders pattern with the neckline at $0.00001286.
Based on the trend’s Fibonacci levels, PEPE could reach $0.000020.
Dog Hat (WIF)
Market trends and technical analysis
WIF price is recovering from the correction phase and showing breakout rally momentum, ready to break above the psychological barrier of $2.50. In the past ten days, WIF price has surged 65%.
Trading ideas:
The trendline breakout rally overcame the 50D EMA and a double bottom reversal broke out from $1.47 to $2.25 neckline.
A breakout rally in WIF price could soon challenge the 50% trend Fibonacci level at $3.62.
FLOKI
Market trends and technical analysis
FLOKI price trend strengthened with the double bottom reversal and is challenging the neckline at $0.00032. The meme coin surpassed the 50D EMA and the 38.20% Fib level.
Trading ideas:
FLOKI price rallied towards the 50% retracement level and the bullish crossover between the MACD and signal lines gained momentum.
FLOKI price could reach $0.00032 and in an optimistic scenario, a breakout rally can push the price to $0.00041 or $0.00050.
BONK
Market trends and technical analysis
On the daily chart, BONK price has gained 50% in two weeks after reversing from a strong trendline. The bull run broke above the 50D EMA and challenged the 50% level at $0.00003217 with a huge bull engulfing candle.
Trading ideas:
BONK price forms higher highs as the bull run accelerates, which coupled with a surge in trading volumes could push it to $0.000055.
For new all-time highs, the Fibonacci levels show a target of $0.00008321 or the 1.618 Fib level.
in conclusion
Cryptocurrency market sentiment has improved significantly with the impending launch of an Ethereum ETF. Meme coins, an important part of the market, have shown strong upward momentum. Meme coins such as MOG, PEPE, WIF, FLOKI and BONK all show great potential. In the coming weeks, these meme coins deserve investors' close attention. Through detailed market analysis and technical indicators, investors can seize opportunities in volatile markets and maximize investment returns.
