With the price volatility in the crypto market recording a new high, the Bitcoin price has successfully surpassed $63k with an intraday gain of 5.13%.
As the crypto market experiences price volatility, the Bitcoin price has surged past $63k, marking an intraday gain of 5.13%. This has pushed the memecoin market capitalization above $41 billion for the first time in a month.
Amidst speculations about a potential memecoin mania, queries like “Which memecoin is best to buy?” and “Will meme coins rise back up?” have resurfaced. In this article, we'll explore the top 3 memecoins that might explode during the upcoming bull run.
Dogwifhat (WIF)After displaying neutral action for a short period, the Dogwifhat price has experienced a surge of 16.01% in the last 24 hours. This rise is accompanied by a volume of 309,221,093 WIF tokens, valued at $460.68 million. Additionally, WIF is on the brink of testing its crucial resistance trendline.
When analyzing the Moving Average Convergence Divergence (MACD), a rising pattern is observed. Its averages are experiencing a bullish convergence in the 1D time frame. This highlights an increase in the price action for the meme coin in the market.
If the bulls manage to break out of the triangle pattern, the WIF price will prepare to test its resistance level of $2.10. However, a rejection could pull this memecoin toward its support trendline of the trend pattern.
Also read, Dogwifhat (WIF) Price Prediction 2024 – 2030
BOOK OF MEME (BOME)The BOME price has recorded a jump of 13.33% over the past day, reaching a high of $0.006787. Despite trading at a discount of over 76% from its All-time High, the BOOK OF MEME price has rewarded its long-term investors with a return of 637.01%.
With the support of its average trendline, the RSI indicator has recorded a sharp rise in its chart. This has resulted in it breaking out of its neutral point in the 1D time frame. Further, this indicates an increase in bullish sentiment for the BOME memecoin in the crypto space.
If the bulls continue to gain momentum, the BOOK OF MEME price will breach its resistance level of $0.0075 and head toward its upper high of $0.0110. On the flip side, a bearish action could result in it plunging toward its crucial support of $0.0055 this month.
Bonk (BONK)The Bonk price finds support at its support level of $0.0000150. This indicates a strong bullish support for the memecoin at that level. Moreover, with the ongoing market recovery, it has surged ~9% in the past 24 hours and has rewarded its investors with a YTD return of 33%.
The technical indicators MACD and SMA have both recorded an increase in the bullish action. This indicates a positive outlook for the Bonk price in the cryptocurrency market.
If the bulls regain momentum, the BONK coin price may prepare to test its resistance level of $0.00002125 in the coming time. Conversely, if the bears regain power, this Solana-based memecoin may test its low of $0.0000150.
Also read, Bonk Price Prediction 2024 – 2030
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