Memecoins
Best Meme Coins to Buy for a 100% Increase Next Month
As the altcoin sector generates a huge bullish wave, meme coins are spearheading the uptrend. As the top performing sector in 2024, the demand for meme coins is constantly increasing, followed by RWA and AI tokens.
Amidst the bull run in these communities and trending coins, the biggest names like DOGE and SHIB are announcing a trend reversal rally. Moreover, the relatively new token BRETT is announcing a massive rally for huge gains.
As the bull market looms, will major coins lead? So let’s take a closer look at the DOGE, SHIB, and BRETT price charts to answer these questions.
The biggest coin in a falling corner
After hitting a yearly high at $0.22, the largest coin by market capitalization, Dogecoin, is undergoing a correction phase. On a pullback, DOGE price moves from the 52W high of $0.22 to the descending support trendline at $0.1175.
The downtrend in DOGE price forms a falling wedge pattern and the negative cycle within breaks below the 200D EMA. Nonetheless, the meme coin maintained its dominance above the psychological $0.10 mark.
Currently, the meme coin is trading at $0.12548 after an overnight jump of 6.05%.
On the technical side, the DOGE price recovery results in a bullish crossover of the MACD and signal lines. Additionally, it delays the impending death cross in the daily chart.
If the bullish cycle in the descending wedge gains momentum, the meme coin may reach the 50D EMA at $0.14 to tease a bullish breakout. A breakout rally may result in a rise to $0.18 or $0.22.
Channel Down for Shiba Inu
On a slippery slope, the Shiba Inu token reveals a descending channel in the daily chart. Moreover, after the 52W high formation at $0.00004567, the falling meme coin breaks below the 200D EMA, threatening a death cross in the daily chart.
However, the negative cycle in the daily chart takes early support at $0.000017 before testing the support trendline. With an early reversal, the meme coin heralds a comeback. Additionally, the bullish crossover of the MACD and signal lines strengthens the possibility of an uptrend.
As the trend momentum increases, the bull cycle could reach the $0.000025 mark. This will increase the possibility of channel breakout for a bullish run to $0.000035.
BRETT Breakout Run Eyes 50% Rise
Maintaining a long-term uptrend, BRETT price action forms a strong support trendline. In the 4H chart, the uptrend shows a triangle breakout when it crosses the short-term resistance trendline.
With the recent bounce from the support trendline, the meme coin price increased by 25% and well above $0.15. However, a potential retest of $0.15419 is the next possible move before a price rally.
According to the trend-based Fibonacci levels, BRETT price could reach $0.23318 next month.