Memecoins are making a strong comeback as Bitcoin price stabilizes above $66,000. As the meme cryptocurrency market size crosses the $50 billion mark, popular tokens are experiencing a massive surge.
Among the best performing coins, Bonk rose by nearly 8%, while Dogecoin rose by about 4%. In addition, popular coins such as Neiro, MOG, and MEW also took the lead.
With memecoins leading the cryptocurrency market rally this October, here are some of the hottest memecoins to buy before it’s too late.
Must buy popular Meme coins:
Bunker
On the daily chart, Bonk price action showed a breakout above the long-term resistance trendline. This completed a triangle pattern breakout as a double bottom reversal at the 50D EMA completed a rounding bottom pattern.
The neckline of the reversal pattern is located near $0.000025. Currently, the meme coin is trading at $0.00002418, up 20% in the past seven days. In the past month, it has risen by nearly 50% and continued the trend, up 8.31% in 24 hours.
The growing and improving sentiment foreshadows a golden crossover between the 50-day and 200-day EMAs. According to the Fibonacci levels, the next key resistance is located at the 50% level, which is $0.00002845.
If the bullish trend continues, Bonk meme coin is expected to reach $0.00003568 by the end of the month.
Mogcoin (MOG)
The MOG meme coin is currently trading at $0.0000020, which is at a key psychological point. The short-term price action shows that the meme coin is trending sideways above the 0.0000018 support or the 78.60% Fibonacci level.
Following yesterday’s 9.33% gain, the meme token is facing 1.95% losses based on Fibonacci levels and an uptrend within a rounding bottom pattern. The key breakout point for the MOG token is at $0.000002355.
With the neckline broken, the Fibonacci levels will have the next potential target at the psychological level of $0.0000050.
Cats in a Dog's World (MEW)
Amid the broader cryptocurrency rally, the MEW meme token is showing a key breakout entry opportunity.With huge upside potential, the MEW token price action is showing a retest of the $0.007738 breakout.
MEW formed a huge bullish engulfing candle on October 14, breaking out by nearly 30%. Currently, the MEW token is ready for a rebound after the retest. The MACD indicator shows that the average line is moving higher and the positive histogram has reappeared, supporting the bullish trend.
According to the Fibonacci levels, the up move could touch the $0.01667 mark at the 1.618 level. However, there could be a minor resistance at the 1.272 Fibonacci level (psychological $0.010).
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