These Memecoins could soon enter the Top 100, should PEPE, FLOKI or BONK be worried?

While major tokens like Bitcoin, Ethereum, Ripple, Cardano, etc. remained stuck in a tight range, memecoins continue to attract the attention of traders. The initial 2024 rise was triggered by the price rise of PEPE, followed later by FLOKI, BONK, WIF, etc. Meanwhile, Dogecoin and Shiba Inu continue to show minor jumps, suggesting that market participants are constantly looking for new tokens that can generate huge profits.

Among all other memecoins, DOG.GO.TO.THE.MOON (DOG) and Memecoin (MEME) are the two tokens that exhibit enormous strength.

DOG.GO.TO.THE.MOON (DOG) aims to reach $0.01

• DOG price formed a new ATH at $0.00962 in the last 24 hours, with a jump of over 25% and a massive volume increase of almost 150%.

• With just a few days of history, the memecoin has moved closer to the top 100 and hence, a minor surge could help the token enter the zone.

• However, before the next bullish surge, a notable pullback could be imminent as the bulls appear to have become a bit exhausted after marking a new ATH.

• The MACD shows a decline in buying pressure; levels are about to undergo a bearish crossover and StochRSI is heading towards the lower threshold

• Therefore, DOG price could fall to the intermediate support level of $0.0083, providing catapult action to rebound and surpass $0.01.

Memecoin (MEME) fears plunging 15%

• MEME price maintained a notable downtrend throughout March, April and May, and the trend is therefore expected to continue during the first days of June.

• The token forms a consistent high and low, showing a significant decline in bullish strength as the bears appear to have held the rally firmly.

• The volatility of the token has been quite high, indicating that the volume has been fluctuating very frequently in favor of ups and downs.

• Furthermore, the MACD shows that the purchasing volume is decreasing but above all, the levels could plunge back into the negative zone, suggesting the continuation of a bearish trend.

• Therefore, MEME price is expected to reach the local support zone between $0.023 and $0.024, which could test the bullish strength. A positive trend can trigger a rebound and a negative impact can push the levels down to $0.021.

Collectively, DOG price seems to be in a good position and could enter the top 100 very soon, while MEME price could take longer to get there.

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