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Meme Coins Headed for Massive Gains Next Week
Crypto market analysts are anticipating a recovery rally next week with the potential Ethereum ETF listing, the delayed effect of the US CPI data release, and the end of the German Bitcoin sell-off. Amid the recovery rally, altcoins, especially meme coins, are known for huge jumps.
With the new trend and accelerated demand in politically themed coins and other memes riding high. So, let’s take a closer look at the trending and high-potential meme coins to keep an eye on in the coming week.
Meme Coins to Watch Out For: MAGA (TRUMP)
With a market cap of $275 million, the politically themed MAGA token is inspired by Donald Trump’s “Make America, Great Again.” Hence, the token’s code is based on TRUMP and has seen a massive jump of over 3000% since inception.
However, with a falling channel in motion, the meme coin experiences a pullback phase amid a broader market decline. To change the trend, the recovery rally from $4,528 on the 4H chart reclaims the 50 EMA and breaks above the overhead trendline.
If the breakout rally continues to gain momentum and breaks above the 200D EMA, then MAGA price may reclaim the psychological $10 mark. Moreover, as per the Fibonacci levels, the uptrend may peak at $17 if sustained 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 price action of MOG reveals a bullish channel pattern.
With an intraday gain of 2.21%, the meme coin avoids an evening star pattern near overhead resistance. As per the Fibonacci retracement on the March-April correction, MOG price challenges the 1.618 level.
With a possible break of the trendline with a recovering market next week, the meme coin could easily reach the 2.618 level at $0.000002532.
Cat in a Dog’s World (MEW)
With a market cap of $282 million, Solana-based meme coin MEW token continues to be one of the top names in the space. As one of the best-performing meme coins not only in the Solana ecosystem but across the entire crypto market, MEW token is a top pick for smart money.
With a possibility of a double bottom reversal on the 4H chart, MEW token teases a recovery. Baseline remains strong at $0.0031 and teases a neckline at $0.0036
Considering the bullish pattern unfolds, the meme coin could reach the overhead trendline near $0.0041. Optimistically, the uptrend with a breakout of the trendline could reach $0.0061 or the 61.80% Fibonacci level.