Top Meme Coins To Buy This Week: MOG, WIF, PEPE, POPCAT

With the BTC price hitting the $61k mark, meme coins are finding a boost in their search trends. Such that, the top meme-based cryptocurrencies are gearing up for reversals and breakout runs to lead the bull run.

As the BTC price soars past the $61k mark, meme coins are experiencing a surge in interest, evident from the increasing search trends. Among these meme-based cryptocurrencies, several are gearing up for reversals and breakout runs, poised to lead the bull run this week.

Here's a closer look at the top meme coins to consider buying this week:

Mog Coin (MOG)

Despite encountering a short-term declining trendline, Mog Coin price is supported by a long-term uptrend line. Additionally, the meme coin is displaying a bullish reversal from the 200D EMA, setting the stage for a fresh bull run.

This bullish trend is further supported by a crossover in the MACD and signal lines, as MOG price attempts to break through the short-term resistance trendline. At the time of writing, the meme coin is trading at $0.000001142, showing an intraday jump of 5.21%.

A breakout rally in MOG coin price could push it past the 50% Fibonacci level at $0.000001160, potentially reaching $0.000003153.

Dogwifhat (WIF)

A double bottom reversal is gaining steam as the broader market recovers, sparking a bull cycle in WIF price. Trapped within a falling wedge, the meme coin's recovery run shows an intraday gain of 9.27%, forming a bullish engulfing candle.

While the MACD and signal lines remain merged in negative territory, the 50D and 200D EMA are setting up for a death cross. However, the recent recovery in the meme coin suggests a bull run to challenge the overhead trendline.

A breakout rally above the trendline will reverse the declining trend in EMAs, potentially hitting the 50% Fib level at $3.40. In an optimistic scenario, a bull run in the crypto market could drive the price up to $5.54.

Pepe (PEPE)

PEPE price action is forming a bearish channel on the daily chart, indicating a negative cycle. However, a closer examination reveals a double-bottom reversal at the $0.00000772 support level.

Moreover, the meme coin price action is setting up for a pennant breakout run. This recovery run is supported by a bullish crossover in the MACD indicator and bullish divergence in the RSI line, suggesting a price jump.

A breakout rally in PEPE price could face resistance near the $0.000010 level. A second breakout run could result in a price surge to $0.000016.

Popcat (POPCAT)

Finding support above a long-coming ascending trendline, POPCAT hints at a double bottom reversal on the daily chart. The meme coin is experiencing a bull cycle, forming two consecutive green candles, which together account for a 24% surge.

With a bullish crossover in the MACD indicator and positive divergence in the RSI line, buyers are gaining strength in the meme coin. Based on the Fibonacci retracement, POPCAT is challenging the 23.60% Fibonacci level at $0.5174.

Currently, the meme coin is trading at $0.50, reclaiming the psychological mark. A bullish breakout of the neckline could drive POPCAT price up to the $1 psychological level for a 2x surge.

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