Will These Top Meme Coins Give 100% Rally This Week?
Release: 2024/02/29 17:34 Reading: 253
The post Will These Top Meme Coins Give 100% Rally This Week? appeared first on Coinpedia Fintech News
With the markets going wild, meme coins are getting back on the bullish track and offering an entry before a full-fledged reversal rally kicks off. Among the top meme coins, Dogecoin, Shiba Inu, and Pepe are standing on the verge of their next rally.
As the altcoins market cap reaches the $1.027 Trillion milestone, the altcoins season is coming stronger than ever. Hence, with the potential 100% hikes in the altcoins, let’s have a look at the Top Meme Coins, which are Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE (PEPE).
The Biggest Meme Coin: Dogecoin
Source – TradingView
With the falling wedge pattern breakout, the DOGE price paints an unstoppable bull run in the daily chart. Creating multiple bullish candles, Dogecoin is up by 47% this week and reclaims the psychological mark of $0.10.
Breaking above multiple resistances of trend-based Fib levels, Dogecoin is heading to the $0.15 mark. Currently, the DOGE price trades at $0.1270 with an intraday move of a 9.29% jump, creating the 4th bullish candle.
Hence, as per the increased momentum and the 200% surge in trading volume, the top meme coin is heading to new heights. As per the short-term trend, the meme coin is set to achieve the $0.20 mark shortly.
Doge Killer Shiba Inu Underperforms
Source – Tradingview
With the second biggest market cap amongst the top meme coins, the SHIB price is racing at a quick speed. The adrenaline pump in the trading volume accounting for a 116% surge drives the Shiba Inu market value to $0.00001365.
Further, the weekly gain of 41% in one of the top meme coins signals growing interest and hints at a potential trend continuation. As per the price action in the weekly chart, the SHIB price is ready to surpass the $0.00001430 peak and mark a bullish breakout.
Considering the bull run manages to surpass the peak, the SHIB price can reach the $0.000020 mark, last witnessed in May 2022.
Pepe Comes With The Biggest Leap
Source- TradingView
With the biggest and the quickest leap, PEPE has showcased a 120% surge in the last week. Marking out a huge bullish candle in the weekly chart, the meme coin is heading to its all-time high levels.
Amidst the high FOMO run, the crazy buying is reflected in the sharp jump in trading volume, hints at a prolonged uptrend. As per the price jump, the PEPE price outperforms DOGE and SHIB this week by a huge margin. The price action expects the breakout run to cross $0.00000411, so the PEPE price could reach $0.00000627.
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