Memecoins
Top Meme Coins to Watch for 2x Gains Next Week
The broader market is off to an early start, with Bitcoin preparing for a rebound thanks to the crucial psychological support at $60,000. With meme coins being the torchbearers of the bull run this year, the smart money is closely following trend reversals and the launch of new and trending coins.
With the market on the verge of an uptrend, the recent surge in meme coins presents a buying opportunity for massive gains. As prices of trending coins like BOME, BONK, and BRETT rise, should you consider buying them for a 100% gain next week?
Reversal Rally Teases Breakout Racing in Meme Coin’s Book
The price action of the BOME token reveals a downward trend on the daily chart after forming an all-time high during the first few days. As it moves further away from the $0.020 mark, the meme token’s price action leads to a resistance trendline.
However, with the downtrend taking support at the $0.0082 level, the meme coin is forming a descending triangle pattern. Moreover, the bullish crossover in the MACD and signal lines strengthens the chances of a reversal in the uptrend.
BOME price retakes the psychological $0.010 mark with a weekly yield of 24.18%, creating a bullish engulfing candle. As the uptrend continues, BOME price may break above the resistance trendline.
In such a case, the meme coin may surge above $0.020 mark next week with the breakout run.
With Channel Breakout, BONK Price Eyes $0.000055
With a bullish recovery from a long-standing support trendline, BONK price action ends the 50% correction phase. The bull run restarts from the 23.60% Fibonacci level and represents a 17.81% increase this week.
Additionally, the bullish reversal with a channel breakout leads to a bullish crossover in the MACD and signal lines. This strengthens the bullish cycle chances of the meme coin as trading volumes increase.
Therefore, with the underlying sentiment reversal and rally, BONK’s uptrend may reach the $0.000055 mark.
BRETT Breakout Run Aims for 2x Increase This Week
With a bullish reversal from the support trendline on the 4H chart, BRETT price breaks above the upper trendline. The end of the correction phase is accompanied by a breakout of the triangle on the 4H chart and suggests a bullish continuation next week.
For a retest, the meme coin reveals a pullback towards the 50 EMA, forming a double bottom pattern. Moreover, according to the trend-based Fibonacci levels, the BRETT token price is holding above the 23.60% mark at $0.15419.
Considering the continuation of the uptrend, the meme coin could reach the 1.618% Fibonacci level at $0.35.