Meme coins such as MEW, FLOKI, PEPE, and MEME are attracting attention from investors as they anticipate potential gains in the cryptocurrency market following the Bitcoin halving.
Leading the pack is MEW, which has seen a surge of 33% in just 24 hours and is aiming for a target of $0.012. This coin is particularly appealing for those looking to diversify their portfolios.
FLOKI has set its sights on reaching $0.00020, while PEPE is targeting $0.0000177 with a 60% surge, indicating the potential for a breakout.
While established coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are playing it safe, these lesser-known meme coins present an opportunity for investors to capitalize on potential breakouts.
MEW, also known as Cat In A Dog World, stands out in the meme coin sector with its cat-themed approach. It has experienced a bullish reversal, surging by 33% and breaking through a resistance trendline. With the momentum building, MEW could surpass the $0.008683 mark and climb towards $0.012, making it an attractive option for those looking to diversify their portfolios.
FLOKI, on the other hand, is currently trading within a falling channel, suggesting a larger pullback phase. However, a short-term reversal within the channel indicates the potential for a breakout rally. With a 50% increase in the last 30 days, FLOKI is inching closer to $0.00020. If the breakout rally materializes, the hype surrounding this meme coin could intensify, pushing the price towards $0.000040.
PEPE has emerged as a top contender in the meme coin sector, showcasing a breakout rally that could signify the beginning of a prolonged bullish trend. If the broader market recovery continues, PEPE has the potential to deliver a 10x return by 2024. With a 60% surge in the last six days and a streak of bullish candles, PEPE is approaching its trend-based 50% Fibonacci level at $0.000008966. The retracement levels suggest that the breakout rally could target the $0.0000177 mark or even higher.
Lastly, MEME, one of the youngest names in the meme coin sector, presents a bullish reversal entry opportunity for investors. With a recent bounce back, the MEME token value has risen by 23% in the last seven days. This sets the stage for a challenge to the 50-day Exponential Moving Average (EMA) and potential resistance trendline in the near future. The bullish crossover of the Moving Average Convergence Divergence (MACD) and signal line further supports the likelihood of an uptrend.
In conclusion, these meme coins are garnering attention from investors seeking potentially higher returns in the cryptocurrency market. With the market sentiment turning bullish and the hype surrounding meme coins growing, these underrated tokens present a unique opportunity for sideline traders to capitalize on potential breakouts.