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Meme Coin Mania: Top Meme Coins Signal 2x Surge In July

Published by
Sohrab Khawas

Despite Bitcoin trading at $60K levels and Ethereum stuck near $3,300, the meme coins are trending and offer a massive jump. With the top meme coins making a comeback this week, these community and hype-driven coins prepare for a breakout rally. 

Following the days of correction leading to bearish patterns and a prominent resistance trendline, the recent reversal teases a significant trend reversal. Considering the bull run continues in these meme coins, the high momentum uptrend can lead to a 2x surge or more in the coming weeks. 

DOG (Runes) Under Wedge Prepares 71% Breakout Run

With a pullback phase making a falling wedge in the 4H chart, the DOG price chart reveals a bull cycle in motion. During the pullback phase, the DOG token price dropped by 50% within three weeks from the peak at $0.009768. As the meme coin failed to surpass the psychological mark of $0.010, the downfall took support near the $0.0050 psychological support. 

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However, with a 15% recovery rally in the recent bull cycle, the uptrend is up against the trendline and the $0.005810 resistance level. With an evening star near the supply confluence, the meme coin struggles for a breakout. 

Hence, a reversal within the pattern could retest the $0.0050 mark. However, with the meme coins segment on the rise, the uptrend could reach the $0.010 mark with minor resistances at $0.0066 and $0.0085.

Dog-Themed Meme Coin Floki Eyes 85% Recovery In July

As one of the top-performing meme coins, FLOKI’s price sustains a 372% YTD growth despite a broader market downfall. During the recent sell-off, the meme coin lost 50% of its market cap after the peak formation at $0.0003204.

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However, with the recent support and lower price rejection at $0.00015, the meme coin teases a rounding bottom reversal. If FLOKI price action manages to lift off from the $0.00015 support, the uptrend could challenge the 78.60% trend-based Fibonacci level at $0.00034.

Furthermore, with the uptrend and broader market recovery, the FLOKI coin price can reach a new all-time high near the $0.00050 mark. 

Falling Channel In WIF Meme Coin Preps Breakout Run

With a bearish channel pattern in the daily chart, the pullback phase in the WIF price accounted for an almost 60% drop. However, in the recent bullish cycle from $1.58, the meme coin takes an 18% price jump to challenge the overhead trendline. 

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With the bull cycle, the WIF price teases channel breakout and the 61.80% Fibonacci level at $2. Further, the recovery rally teases a bullish crossover in the MACD and signal lines, a potential trend reversal signal. 

With the breakout run, the meme coin can reach the present all-time high of $4.58 next month. This will hint at an extended uptrend. 

PEPE Reversal in Step-Down Trend Breaks Overhead Trendline

As one of the best-performing meme coins, the PEPE price forms an all-time high at $0.000017. However, with the crypto market crash, the frog-themed meme coin takes a step-down approach, making a new resistance trendline.

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However, the recent bounce back from the 50% Fibonacci level at the $0.00001080 support zone leads to a breakout. As the overhead trendline fractures, the PEPE price suggests a bullish trend reversal. 

If the broader market recovers, the PEPE price breakout rally could surge to a new all-time high level with the $0.000018 breakout. Optimistically, the bull run can reach the psychological mark of $0.000020.

BONK Channel Breakout Eyes $0.000050

Like most top meme coins, the BONK price trend showcases a falling channel pattern. However, with the recent turnaround, the BONK price surpasses the overhead trendline. This reversal move starts with taking psychological support at the $0.000020 level. 

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Further, the breakout event brings a bullish crossover in the MACD indicator. And the RSI line jumps from the oversold boundary. Hence, the technical indicators reveal a bullish bounce-back.  

If the meme coins sustain an uptrend, the BONK price can reach the $0.000040 peak before heading to the psychological mark of $0.000050, 

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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