MAGA and TURBO Meme Coins Tease Massive Breakout Moves
The post MAGA and TURBO Meme Coins Tease Massive Breakout Moves appeared first on Coinpedia Fintech News
With the top meme coins taking a step back after the massive surge a day before, the low-cap coins are making waves. Linked to Trump and AI, the MAGA and TURBO coin price surge to rank in the top performers list.
With the turnaround momentum and a spark in trading volume, these low-cap meme coins offer a skyrocket move. Will the bull run in the MAGA and TURBO prices lead to a 100% surge in the next week?
MAGA Recovery Preps Trend Reversal For 60% Upside
Following the bull run in the early days of listing, amounting to more than 1000%, the MAGA price eventually led to a slowdown. The downfall in the pullback phase proved to be equally intense and accounted for a 60% drop in the meme coin within 24 days.
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Currently, the MAGA meme coin price trades at $0.00024 with an intraday gain of 4.23% to challenge the bearish trendline. Following the overnight surge of 24%, the buyers are up against the resistance trendline in the 4H chart.
Further, in the daily chart, the MAGA price action reveals a double bottom pattern at the $0.00018 baseline. The neckline stands at the $0.00030 mark. The bullish breakout of the trendline can result in the next distribution phase.
In such a case, the meme coin can reach the 61.80% Fibonacci level at $0.0003985, a 62% surge,
TURBO Meme Coin Breakout Rally Eyes $0.01
Concluding the pullback phase of early June, the TURBO price breaks above the resistance trendline in the 4H chart. The bullish revival in the meme coin even surpasses the 50 and 200 EMA in the 4H chart with the trendline breakout.
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Currently, the TURBO price trades at $0.0051 with an intraday jump of 1.91%, following the 33% jump last night. This forms a morning star pattern in the daily chart, revealing a huge demand at lower levels.
Considering the breakout momentum sustains, the TURBO meme coin price can reclaim the previous swing high at $0.0098. Such a high momentum uptrend could scale past the $0.01 psychological mark.