Must Buy Meme Coins Next Week As Bitcoin Nears $65K
The post Must Buy Meme Coins Next Week As Bitcoin Nears $65K appeared first on Coinpedia Fintech News
As the Bitcoin price hits the $64,000 mark, the meme coins are back in action. With a surge in trading volume, the meme coins market cap stands at $42.38B, with the potential to reach the $50B mark next week.
Massive growth potential in the meme segment projects a high possibility of a 2x rally in the top coins. So, here are the top memecoins to buy next week.
Top Meme Coins To Buy Next Week:
BRETT (BRETT)
Despite a bearish expanding channel in the daily chart, the BRETT token price dropped by 57% from $0.18 to $0.07721. However, the recent reversal in the meme coin leads to a series of five consecutive bullish candles.
The bull cycle accounts for a surge of 30% in five days and tests the 50D EMA. Further, the meme coin reclaims the $0.10 psychological mark and is ready to challenge the resistance trendline.
With the MACD indicator giving a bullish crossover, the BRETT price action teases a potential breakout run. Based on Fibonacci levels, the uptrend can reach the previous peak at $0.19156, with the next resistance at $0.4752.
Dogwifhat (WIF)
With a double-bottom reversal in the daily chart, the WIF price is back in action as the broader market recovers. The six-day streak of bullish candles marks a high momentum positive cycle within a falling wedge pattern.
With the bull cycle, the MACD and signal lines give a positive crossover. However, the bearish influence of the falling wedge results in a merger of the 50D and 200D EMA, teasing a death cross.
However, the upcycle challenges the joined EMAs and teases a breakout to test the overhead trendline near the 23.60% Fib level at the $2 psychological mark.
POPCAT (POPCAT)
Similar to other meme coins, the POPCAT price trend finds a massive surge in bullish momentum. With an expanding channel in the daily chart, the meme coin has increased by 90% in the last seven days, creating a streak of green candles.
With a double bottom reversal from the 200D EMA, the MACD and signal lines give a bullish crossover. Further, the bull run exceeds the 61.80% Fibonacci level and the $0.75 mark.
As per the levels, the POPCAT price could hit the $1 psychological mark if the bull run continues in the memecoin segment.