2024-5-23 23:13 |
With the growing anticipations of an Ethereum ETF approval, the entire crypto market is on a bull run. As the altcoins pick up pace, meme coins display impressive rallies within 48 hours.
Further, with the Bitcoin and Ethereum ETPs getting listing approval on the London Stock Exchange, the bulls are supercharged. Will this bull market sustain an uptrend for a massive jump in meme coins?
Don’t worry. We’ve got our top pick of meme coins that are likely to explode before the Ethereum Spot ETF approval.
PEPE (PEPE)With the bull run spreading like wildfire in the crypto market, the PEPE price spearheads the bull run in the meme coin sector. The PEPE price is constantly rising as a frog-themed coin in a canine-dominated market.
With a massive jump of almost 50% during the Ethereum bull run, the PEPE price is trading at an all-time high of $0.0000136. Further, the meme coin shows the rounding bottom breakout rally gaining momentum.
The trend-based Fibonacci retracement shows that the PEPE price could easily scale to hit $0.000027 amidst the growing market.
Floki (FLOKI)Following the bullish breakout of a double bottom pattern and a falling wedge pattern, the meme coin prepares for a massive surge. The FLOKI price has increased by almost 20% with two immensely bullish candles.
The Stochastic RSI average lines enter the overbought zone, and the crucial 50, 100, and 200-day EMAs are in a bullish alignment. Thus, the technical indicators bolster the continuation of the bullish trend.
As per the Fibonacci levels, the bull run could reach the 1.618 Fibonacci level at the $0.00040 mark.
Dogwifhat (WIF)With a bullish trend in motion, the WIF price sustained above a crucial support trendline in the 1D chart. This meme coin is on the verge of a massive bull run as it prepares a triangle breakout.
With the WIF price challenging the overhead resistance trendline, the sideline traders anticipate a surge in buying pressure. Further, the bullish crossover in the MACD and Vortex indicators bolsters the possibility of a bull run.
As per the trend-based Fibonacci retracement, the 2.618 level at $9.29 is a potential upside target.
Shiba Inu (SHIB)With a market cap of 15.29 Billion dollars, Shiba Inu ranks as the second biggest meme coin in the crypto world. The meme coin has increased by almost 10% since the buzz of Ethereum ETF started in the market.
Further, the SHIB price action shows a triangle breakout rally ready to gain bullish momentum. The meme coin sustains above the 20D EMA and is ready to challenge the $0.00002750 mark.
As the RSI line approaches the overbought zone, the SHIB price could shortly give another breakout entry. An uptrend continuation in Shiba Inu might reach the $0.00005378 mark.
Book of Meme (BOME)Finally, the Book of MEME or the BOME token is starting to siphon momentum from the recovering market. The recovery rally in the BOME price is starting with a trendline breakout.
The bullish reversal crossed above the 50% Fibonacci level and jumped almost 20% in the last 48 hours. According to the Fibonacci levels, the uptrend continuation in BOME can target $0.037.
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