The top coins mark a bearish Wednesday as the market takes a short pause after a massive boom this Monday. However, a sector of altcoins, meme coins, is chasing higher levels in a volatile market.
With the crypto world anticipating an altcoin season soon, meme coins are a great option for massive returns. However, the increased volatility and quick reaction to sentiments make them a riskier option.
Worry not. We bring a list of top potential meme coins staging the next 10x surge. So, let’s examine the price charts and analyze their potential and the likelihood of a bull run.
In the 1D chart, the WIF price trend shows a massive overnight surge of 10.22% to create a bullish engulfing candle. The price jump in the meme coin marks a bullish breakout of the symmetrical triangle and is ready to reclaim $3.
One of the top performers in the meme coins sector, Dogwifhat, is a newcomer trending within the market. This highlights the massive upside potential in WIF price if the uptrend gains momentum.
The triangle breakout rally could reach the $10 mark in the weeks and potentially aims for levels above $15 in the altcoin season.
Another top performer with a 20% jump in the last four days, the Book of Meme token, is on a bull run. The overhead trendline breakout marks a triangle break in BOME price action and surpasses the 50% Fib level.
As the streak of three bullish candles faces a threat near $0.013, the meme coin is ready to challenge the $0.015 mark. As per the retracement levels, the BOME price could head higher to the $0.059 mark.
Optimistically, the altcoin season can witness a surge in Book of Meme to levels near the psychological mark of $0.10.
With the intent to boost Bitcoin’s adoption by the masses, DOG GO TO THE MOON is on a bullish revival. The DOG token price has increased by 69% to create a three-day bullish candle streak.
In the 4H chart, the meme coin reveals a rounding bottom pattern with a neckline at an all-time high of $0.0057. As per the trend-based Fibonacci levels, the trend reversal in the DOG price could reach the $0.010 mark in the coming weeks. Considering the bull run continues, the uptrend in this meme coin could reach $0.050.
As the momentum increases in the broader market, the bullish anticipations around the meme coins are growing intense. Further, the promising price action of these coins offers a great buying opportunity before the bull run begins.
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