The bull market is approaching! Seize the opportunity of the Fed's rate cut and reveal 3 potential meme coins, which are excellent choices for 100 times profit!
With the rise of market heat and the emergence of new coins, there is now an opportunity to reap rich returns in this wave. Seize this opportunity, and perhaps you can get unexpected gains in the bull market of meme coins!
The Federal Reserve is expected to cut interest rates in September, which is undoubtedly good news for risky assets such as cryptocurrencies and meme coins.
However, the market is usually forward-looking, and investors may buy in advance before the rate cut, causing cryptocurrency prices to surge in August.
Fortunately, after the cryptocurrency market crashed earlier this month, several large-cap and mid-cap meme coins have approached local bottoms, providing excellent buying opportunities for OTC investors.
DOGE
Dogecoin is currently hovering near key support levels after rebounding from its lows. Even in the face of a bearish trend, the price remains firmly above $0.1, which means that Dogecoin may soon usher in the next wave of growth. The price of Dogecoin is currently trading within a descending triangle and despite some recent downward pressure, the RSI indicator has rebounded from the lows and is moving back towards the mean. This could push the price above the apex of the triangle and further rise above $0.12.
SHIB
The price of SHIB is oscillating in a bearish parallel channel but has been staying in the middle band of the channel. The second largest memecoin may soon see an upside opportunity and the price may break through the overhead resistance. Although the price has not been able to break through the middle band of the channel, the MACD indicator shows a bullish signal as the selling volume decreases. This may push the price towards the local resistance of $0.0000188. If the bulls are strong enough, a breakout may be just around the corner.
PEPE
The price of PEPE has fallen below the key support level but still shows strong bullish potential. The technical indicators show a bullish trend and the price is expected to maintain a healthy upward trend and eventually reach the apex of the ascending triangle and hopefully break out. The price of PEPE has briefly recovered above the 200-day moving average, which shows that the coin is ready for a rapid rise. The MACD is close to a bullish crossover and buying volume could quickly increase, pushing prices to continue rising.
