Memecoins

Confirmed Chart Pattern Indicates 3 Memecoins Set for Bullish Breakouts in May: $PEPE, $BONK, and $GFOX

Published

6 months ago

26 May, 2024

The early days of this bull market undoubtedly belong to memecoinswith people like BONK, Shib, Pepe And Floki exceeding $BTC and most other altcoins are gaining handsomely. The memes remained at their peak until around March of this year, when they suddenly fell flat as the market could no longer maintain its momentum.

But while it may seem like memes have lost momentum, the reality is that those with lasting power have entered a much-needed accumulation zone — which, if you zoom out on technical charts, looks like a three-month flat line.

However, recently signs have emerged that something is brewing just beneath the surface and a bullish breakout could be imminent. Like the rumblings before an earthquake, the “reverse head and shoulders” trends indicate strong price action for 3 of the top memecoins: Pepe, Bonk and $GFOX.

Let’s take a closer look at why these three coins are the best crypto to buy in May.

$GFOX – GameFi utility meme with huge untapped potential

One of the clear trends in the 2023/24 bull market is that newer, lower-cap coins are where the action is. While $BTC remains the barometer for general market direction, it’s the recently launched small-cap projects that are really seeing the big moves, particularly in the memecoin sector. When $BTC pumps, low-cap memes pump exponentially harder. This makes newcomer $GFOX perfectly poised to soar once $BTC confirms its next breakout phase.

Combined with GameFi, NFT, and a staking utility, as well as sound tokenomics, $GFOX is essentially a rocket with a lit fuse. When this coin takes off, it will likely move fast and furiously upward, generating headlines that will act as a positive feedback loop, pushing it even higher – with potential gains of 100x or more. But now is the time to make the move, before the hype takes hold.

Integrating a web3 game with a memecoin like Galactic Fox offers a new perspective in the crypto gaming space, giving it a unique narrative in an industry drowning in cheap and useless counterfeit coins. Blending memecoin culture with a real gaming experience based on blockchain technology, Galaxy Fox has already proven itself to be a strong contender with a successful ICO pre-sale ahead of its launch on Uniswap, raising over $6 million.

Inverted Head and Shoulders Pattern $PEPE Appears on Daily Chart

One of the most important signals that a memecoin reversal breakout is near is the confirmed formation of an inverse head and shoulders pattern on the daily charts for $PEPE and $BONK. A reverse version of one of the most accurate trading signals in technical analysis, the inverse head and shoulders pattern is now clearly visible on technical charts.

The model has an impressive historical accuracy rate of 85%. This, coupled with lower CPI inflation numbers signaling possible rate cuts in the near future, could be the perfect catalyst for the start of another meme season. The other joker being the return of Stoppage of play legend Roaring cat, which has renewed interest in meme-related stocks and cryptos.

After three months of consolidation, the emergence of this model has definitively put memecoins back on the radars of risk-taking traders looking for the type of returns that only memecoins can achieve. The long period of consolidation has built a strong level of price support, creating strong support for prices as $PEPE is likely to soon surpass its previous ATH of $0.0001151, set on May 15, and head towards towards price discovery.

$BONK model points to 100% upside target

A very similar trend is also seen on the charts of $BONK, which was the best crypto to buy in late 2023, posting insane gains that helped catapult Solana in the world’s most popular blockchain and has rewarded $SOL holders with triple-digit gains. $BONK peaked on March 5, 2024, then fell 72% before finding a bottom in mid-April. Since then, $BONK has made an impressive comeback, demonstrating lasting interest in the project. It now appears ready to take the next step as the meme sector shows signs of recovery.

Conclusion

When the next memecoin move comes, it’s likely to happen quickly – investors looking to anticipate the next stage of memecoin mania should take note and be ready. Coins like $PEPE, $BONK, and $GFOX are now in high accumulation zones, so investors should start evaluating dollar cost averaging (DCA) and closely monitor support levels for breakout confirmations. Once the move is confirmed, heavy buying in the early stages is suggested as the price is likely to move extremely quickly. $GFOX is now trading on Uniswap. For more information, see the links below.

Learn more about $GFOX here:

Visit the Galaxy Fox presale | Join the community

Disclaimer: The text above is an advertising article and is not part of Cryptonews.com editorial content.

Fuente

Memecoins

Memecoins dominate major derivatives in terms of open interest | Flash News Detail

Published

4 months ago

1 August, 2024

TokenTalk Staff

Bitcoin Dominance May Have Peaked, Ethereum ETF Could Trigger Altcoin Momentum

Disclaimer

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

Fuente

Memecoins

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings

Published

4 months ago

1 August, 2024

TokenTalk Staff

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don't miss the winnings

August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.

The viral power of memecoins

Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.

Shiba Inu: riding the wave of popularity

Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.

Ecosystem expansion

THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.

Balancing humor and professionalism

Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.

Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.

Expanding Reach and Adoption

Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.

Why August is the month to invest

As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.

Conclusion: Don’t miss the benefits

Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.

For more information on the Mpeppe presale (MPEPE):

Visit Mpeppe (MPEPE)

Join us and become a member of the community:

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Fuente

Memecoins

Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further

Published

4 months ago

1 August, 2024

TokenTalk Staff

Solana climbs 4% on the back of rising Meme Coins and Alts

Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.

As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.

The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.

Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.

Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.

Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.

Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.

In the world of meme coins, when it rains, it rains.

Edited by Stacy Elliott.

Fuente

Memecoins

Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD

Published

4 months ago

1 August, 2024

TokenTalk Staff

Trader Says Bitcoin's Path to $100,000 Is 'Currently Programmed', Updates Outlook on Memecoin That's Up Over 18,000% YTD

A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.

Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.

“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”

Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $66,236.

According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.

Source: Altcoin Sherpa/X

Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.

Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.

Source: Altcoin Sherpa/X

POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.

Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.

“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”

Source: Altcoin Sherpa/X

WIF is trading at $2.27 at the time of writing.

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