Memecoins
Best Memecoins to Stack as Crypto Market Turns Bullish!
With the price of Bitcoin After successfully regaining the $67,000 mark, mid-cap altcoins have shown a strong bullish reversal in their respective portfolios. Moreover, memecoins have shown similar price action by adding significant value to their respective portfolios.
Scroll down because in this article, we have covered the top 2 memecoins that have the potential to dominate the memecoin mania in the next cryptocurrency bull run.
Dogwifhat (WIF) Price Analysis:
Amid increased bullish sentiment, the Wi-Fi Prices has registered a 6.79% increase in the past week and 29.49% in the past 30 days. Moreover, with a YTD return of 1,598% and a market cap of $2.591 billion, this memecoin has secured the 33rd position in the global cryptocurrency list.
TradingView: WIF/USDT
The SMA indicator has shown a bearish crossover in the D time frame. Additionally, the technical indicator, MACD, is showing a steady decline with its averages registering a neutral trend. This indicates weak price action for the memecoin in the market.
If the market regains momentum, WIF price will break out from its resistance level and head towards its higher high of $4. However, in case of bearish action, WIF price will break out from its resistance level and head towards its higher high of $4. dogwifhat price could plunge to its low of $2.
Bonk (BONK) Price Analysis:
The second most successful memecoin on the Solana chain, the Bonk Price has added 22.37% to its value over the past 30 days and has surged around 110% this year. Additionally, this memecoin has successfully tested its important support level of $0.0000270, indicating strong bullish sentiment.
TradingView: BONK/USDT
The Relative Strength Index (RSI) has retested its midpoint and is about to register a bullish cross in the 1D time frame. This suggests a strong possibility of a bullish reversal in the coming weeks.
If the market maintains the BONK Prize Above its important support level of $0.0000270, the bulls will prepare to test its upper resistance level of $0.00003390. Conversely, if the bears regain momentum, the memecoin will plunge towards its low of $0.00002125.