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Should Buy Meme Coins for a Massive Bull Run Next Week
Meme coins are leading the new recovery phase as the cryptocurrency market begins a new run with increasing bullish momentum. With sentiments improving thanks to the upcoming Ethereum ETF listing on June 22, the FOMO rally in the market is gaining pace.
As anticipation of bullish days ahead increases FOMO, meme coins are poised to soar. So, let’s take a quick look at the top trending meme coins that are likely to witness a high-momentum rally.
Top Meme Coins to Buy Next Week: MOG (MOG)
With the breakout of an ascending channel, MOG’s price trend continues the bullish run with a successful retest. The post-retest bounce in the meme coin is responsible for a 16% surge last night to create a bullish engulfing candle.
With a bullish trend in MACD, signal lines, and 50D EMA, the meme coin is approaching the 2.618% Fibonacci level. Currently, MOG price is trading at $0.0000021 and has an intraday pullback of 3.15%.
Optimistically, the bull run could reach the $0.0000030 mark before rising to the psychological milestone of $0.0000050.
PEPE (PEPE)
One of the best-performing, trending, and fastest-rising meme coins, PEPE, is ready for action. With a breakout from the pullback channel, the meme coin breaks above the 50D EMA while bouncing off the 200D EMA.
With a morning star pattern and a 9% surge last night, PEPE price is ready to challenge the 50% trend-based Fibonacci level at $0.00001429. The meme coin hints at an inverted head and shoulders pattern with a neckline at $0.00001286 and is currently trading at $0.0000122.
According to trend-based Fibonacci levels, the meme coin could reach the $0.000020 mark.
Dog Hat (WIF)
Similar to other major trending meme coins, WIF price is recovering from a pullback phase and is showing a breakout rally ready to gain momentum. With the 4.29% increase, WIF price has increased by 65% in ten days and is ready to surpass the psychological level of $2.50.
The trendline breakout rally surpasses the 50D EMA, and the double bottom reversal at $1.47 breaks the neckline at $2.25. Thus, the breakout rally in WIF price may soon challenge the 50% trend-based Fibonacci level at $3.62.
FLOKI (FLOKI)
With the double bottom reversal in the broader picture, FLOKI’s price trend is gaining momentum to challenge the neckline at $0.00032. The meme coin breaks above the 50D EMA and the 38.20% Fibonacci level.
The bullish crossover between the MACD and the signal line gains strength as FLOKI price heads towards the 50% retracement level. As broader market conditions improve, FLOKI price could reach the $0.00032 mark. Optimistically, a breakout rally could push prices towards $0.00041 or $0.00050.
Bonk (BONK)
Accelerating after the reversal from a strong trend line on the daily chart, BONK price has surged by 50% in a fortnight. The bullish run breaks above the 50D EMA and challenges the 50% level at $0.00003217 with a massive bullish engulfing candle.
With the bull run gaining pace, the higher high formation in BONK price coupled with the increase in trading volume could push it towards $0.000055. For a new all-time high, the Fibonacci level reveals a target at $0.00008321 or the 1.618 Fibonacci level.