Memecoins
Trending Meme Coins Set For Massive Gains Next Week
Cryptocurrency market analysts are anticipating a recovery next week with the potential listing of the Ethereum ETF, the delayed effect of the US CPI data release, and the end of the Bitcoin selloff in Germany. Amid the recovery, altcoins, especially meme coins, are known for their massive jumps.
With the new trend and high demand for political-themed coins and other meme coins, the trend is on the rise. So, let’s take a closer look at the trending and high-potential meme coins to watch out for next week.
Meme Coins to Watch: MAGA (TRUMP)
With a market cap of $275 million, the politically themed MAGA token is inspired by Donald Trump’s “Make America, Great Again” slogan. Therefore, the token’s code is based on TRUMP and has seen a massive surge of over 3,000% since its inception.
However, with a descending channel in motion, the meme coin is witnessing a pullback phase amid a broader market fall. To reverse the trend, the recovery rally from $4.528 on the 4H chart reclaims the 50 EMA and breaks above the upper trendline.
If the breakout rally continues to gain momentum and breaks above the 200-day exponential moving average, MAGA price could then reclaim the psychological $10 mark. Moreover, according to the Fibonacci levels, the uptrend could reach the $17 peak if it holds above the 50% level.
Mog Coin (MOG)
As the first cultural currency of the internet, MOG coin is an ERC-20 token based on the Ethereum mainnet. With an upward trend on the daily chart, the MOG price trend reveals a bullish channel pattern.
With an intraday gain of 2.21%, the meme coin is avoiding an evening star pattern near the overhead resistance. According to the Fibonacci retracement of the March-April correction, MOG price is challenging the 1.618 level.
A potential break of the trendline with the market recovering next week, the meme coin could easily reach level 2.618 at $0.000002532.
A Cat in a Dog’s World (MEW)
With a market cap of $282 million, the Solana-based MEW token remains a prominent name in the industry. As one of the best-performing meme coins not only in the Solana ecosystem but in the entire cryptocurrency market, the MEW token is one of the smart money’s top picks.
With a possibility of a double bottom reversal on the 4H chart, the MEW token is teasing a bounce. The base line remains strong at $0.0031 and is teasing a neckline at $0.0036
Considering the unfolding of the bullish pattern, the meme coin could reach the upper trendline near $0.0041. Optimistically, the uptrend with a breakout of the trendline could reach $0.0061 or the 61.80% Fibonacci level.