The meme coins spearhead the new recovery phase as the crypto market starts a fresh run with increased bullish momentum. With the improving sentiments thanks to the upcoming listing of Ethereum ETFs on June 22nd, the FOMO rally in the market picks up pace.
As the anticipation of bullish days ahead increases the FOMO, the meme coins are about to shoot up. So, let’s take a quick look at the top trending meme coins likely to witness a high momentum rally.
With the breakout of a rising channel, the MOG price trend continues the bull run with a successful retest. The post-retest jump in the meme coin accounts for a 16% surge last night to create a bullish engulfing candle.
With a bullish trend in the MACD, signal lines, and 50D EMA, the meme coin approaches the 2.618% Fib level. Currently, the MOG price trades at $0.0000021 and an intraday pullback of 3.15%.
Optimistically, the bull run could hit the $0.0000030 mark before heading higher to the $0.0000050 psychological milestone.
One of the best performing, most-trending, quick rise-to-fame meme coins, PEPE, is ready for action. With a pullback channel breakout, the meme coin overcomes the 50D EMA as it bounces from the 200D EMA.
With a morning star pattern and a 9% surge last night, the PEPE price is ready to challenge the 50% trend-based Fibonacci level at $0.00001429. The meme coin hints at an inverted head and shoulder pattern with a neckline at $0.00001286 and currently trades at $.0000122.
As per the trend-based Fibonacci levels, the meme coin could hit the $0.000020 mark.
Similar to the top trending meme coins, WIF price is recovering from a pullback phase and reveals a breakout rally ready to gain traction. With the 4.29% surge, the WIF price has increased by 65% within ten days and is ready to overcome the $2.50 psychological level.
The trendline breakout rally overcomes the 50D EMA, and the double bottom reversal from $1.47 breaks the neckline at $2.25. Thus, the breakout rally in the WIF price could shortly challenge the 50% trend-based Fib level at $3.62.
With the double bottom reversal in the broader picture, the FLOKI price trend is gaining momentum to challenge the neckline at $0.00032. The meme coin surpasses the 50D EMA and the 38.20% Fibonacci level.
The bullish crossover between the MACD and signal line gains momentum as the FLOKI price heads to the 50% retracement level. As the broader market conditions improve, the FLOKI price could hit the $0.00032 mark. Optimistically, a breakout rally can pump the prices to $0.00041 or $0.00050.
Picking pace after the reversal from a strong trendline in the daily chart, the BONK price has increased by 50% within a fortnight. The bull run surpasses the 50D EMA and challenges the 50% level at $0.00003217 with a massive bullsih engulfing candle.
With the bull run picking up pace, the BONK price higher high formation coupled with the surge in trading volume could push it to $0.000055. For a new all-time high, the Fibonacci level reveals a target at $0.00008321 or the 1.618 Fib level.
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