Memecoins
Best Meme Coins MEW, BONK, BRETT with Huge 2x Benefits
With bullish continuation in the meme coin sector, crowd-driven tokens remain the investment choice in 2024. As the second half of 2024 begins with slightly better sentiment compared to Q2, the bull run for these high-performing coins could extend.
Among the top performers, BONK, BRETT, and MEW rank high on a 24-hour basis. With chances of doubling this month, potential buy-low-sell-high positions are visible in these tokens.
MEW Token in Triangle Signals Bullish Breakout
With volatility on the decline, the MEW token is showing a triangle formation on the daily chart. Taking support from the 23.60% Fibonacci level, a double bottom reversal suggests a bullish cycle for the meme coin.
Reinforcing the bullish cycle, the MACD and signal lines are giving a positive crossover as the meme coin has increased by 17% in 4 days. Moreover, the MEW token price is above the 38.20% Fibonacci level, marking a potential increase to the 50% level at $0.005387.
As the cryptocurrency market improves, the cryptocurrency may rise above the upper trendline for a breakout rally. With the added momentum, the uptrend may rise above the psychological $0.010 mark to reach the 1.618 Fibonacci level at $0.012.
BONK Price Massive Surge to $0.00008321
After the bullish reversal leading to a channel breakout, BONK price forms a massive candle with a 12% uptick. Breaking above the $0.000025 mark, the meme coin could soon challenge the 50% Fibonacci level at the $0.000032 mark.
With a bullish engulfing candle and increased trend momentum due to the channel breakout, BONK promises massive upside potential.
Moreover, the bullish crossover of the MACD and signal lines reinforces the bullish cycle from the long-standing upcoming support trendline.
According to the Fibonacci levels, the uptrend may reach the previous peak above the psychological mark of $0.000050. Moreover, an upside target at the 1.618 Fibonacci level is possible at $0.00008321.
Will the new meme currency BRETT double in July?
With an impressive uptrend, the BRETT token price remains in a bullish phase. The uptrend forms a crucial support trendline with the dynamic 50 and 200 EMAs following the lower formations on the 4H chart.
After the triangle breakout, the breakout rally is diving back towards the trendline for a fresh bounce. The meme coin is up 22% in 10 days and is aiming to surpass the $0.20 mark for a new all-time high.
According to the trend-based Fibonacci levels, the BRETT token could reach the 1.618 level at $0.35. Currently, the meme coin is trading at $0.16, after surging by 7.25% this week.