Analyzing these coins further could provide valuable insights into potential future movements.
Bitcoin’s (BTC) recent surge has instilled a wave of optimism in the global market. In the last 24 hours, it approached the $65,000 mark, painting the market green both intraday and throughout the week.
As major market players tend to lead the way, the altcoin category, particularly the meme coin segment, has garnered significant attention.
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Leading meme coins like POPCAT, BRETT, and FLOKI are the top meme coins with huge potential , which are currently at crucial levels, making them worth watching.
Analyzing these coins further could provide valuable insights into potential future movements.
POPCAT (POPCAT) meme coin price action is displaying a bullish trend with the support of a crucial trendline. In the daily chart, POPCAT price is experiencing an upward expanding channel, consistently reaching higher highs.
It has effortlessly surpassed the 20-day and 50-day EMA bands and is now moving from the lower to the upper border of the wedge.
Recently, the memecoin has been testing the supply zone created by the previous swing high at $0.99997. Once this level is cleared, the path towards the upper border target will be open.
This September has been particularly bullish, with POPCAT price surging nearly 110% in the last 17 days, mainly due to the BTC rally, as it tends to follow BTC’s sentiment like other market players.
An intraday gain of 9% suggests a strong potential for more acceleration in gains ahead. At the time of writing, POPCAT was at $0.933.
In the event of a significant rise, near-term targets for buyers could be $1.00 and $1.20. Conversely, if bearish pressure increases, sellers might aim for support levels at $0.75 near the lower border, and if that is breached, $0.60.
BRETT (BRETT) meme coin, built on the ‘BASE’ blockchain, experienced a remarkable 550% surge in early May 2024, peaking at $0.19800 by June 9th, 2024. However, this high couldn’t surpass the supply block, leading to a downward trend.
By early August, BRETT had fallen significantly below the 20-day and 50-day EMA bands. On August 5th, despite a significant buying attempt during a liquidity grab formation, it failed to break past $0.10694 and declined again.
As of September, the last month of Q3, BRETT has shown signs of recovery, trading above the 20-day EMA. However, the 50-day EMA band and the upper border of the wedge are currently hindering further ascent. If these hurdles are cleared, BRETT could head to retest the $0.19800 level.
At the time of writing, BRETT price is trading around $0.08188, with a 4.0% intraday growth. If it overcomes the current resistance, the next targets are $0.10694 and $0.15000.
Conversely, if bearish pressure increases, the nearest support level is $0.05653, with a major demand area at $0.03025 if the decline continues.
Floki (FLOKI) token peaked at $0.0003012 in the first quarter before declining to find support at the $0.0001113 demand zone by mid-April 2024. From this zone, FLOKI surged to a new all-time high (ATH) of $0.00034873 by June 5th, 2024.
However, profit-taking led to sell-offs, causing FLOKI to dip back to the previous demand zone by August. This zone demonstrated its resilience with multiple effective bounces.
On August 5th, FLOKI showed a liquidity grab candle and rose higher, but it failed to replicate the significant gains seen previously on the daily chart. By the end of August, the price couldn’t surpass the $0.0001585 barrier and fell back to the demand zone.
In the last month of Q3, a bullish presence has been observed, albeit with a dimmer momentum than before. However, clearing the 20-day EMA is a bullish sign.
Being at a crucial demand zone, FLOKI could potentially see major gains ahead, similar to previous records. Investors might find opportunities for bullish price developments in the next quarter, Q4.
The optimistic outlook suggests that the next resistance levels are at $0.0001585 and $0.
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