Top Meme Coins Set for Breakout: DOGS, PopCat, Neiro Lead the Way

Published by

Sohrab Khawas

October 9, 2024

As the crypto market struggles for a bullish comeback, the meme coins and multiple low-cap altcoins are making a comeback. Ignoring the broader market noise, the trending coins such as First Nero on Ethereum, PopCat, and Dogs are ready for a bullish turnaround.

With a potential breakout rally in their daily charts, these coins are teasing a bullish rally this week. Should you consider buying these trending meme coins ready for a breakout rally?

DOGS

Starting with DOGS, it shows a falling channel pattern in the 4-hour chart. However, the recent bull cycle within the falling channel is on the verge of a breakout rally.

Using the trend-based Fibonacci level, the DOGS meme coin is taking a sideways stroll slightly near the 50 EMA in the 4-hour chart. Meanwhile, a bullish breakout of the overhead trendline is likely to challenge the 50% Fibonacci level at $0.001126.

Hence, the chances of DOGS reclaiming the 0.0010 psychological mark will increase with the trendline breakout. However, the MACD and signal lines are on the verge of giving a bearish crossover, signaling a potential pullback.

POPCAT

In the daily chart, PopCat shows a triangle breakout rally witnessing a minor pullback. Hitting the $1.39 mark, the meme coin forms the third consecutive bearish candle, accounting for a price drop of almost 15% in three days.

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The 50 and 100 EMA maintain a positive trend in the daily chart. However, the MACD and signal lines warn of a bearish crossover.

Based on the Fibonacci levels, the triangle breakout rally reverses from the 1.618 Fibonacci level and heads towards the 1.27 level at $1.16. In case of a bearish continuation below this support, the meme coin will test the bullish dominance at the $1.00 psychological mark.

Curious if the POPCAT (SOL) meme coin will create a new all-time high? Find out now in Coinpedia’s in-depth POPCAT (SOL) price prediction for 2024 to 2030.

NEIRO

With a massive bull run in action, the first NEIRO on Ethereum is one of the most trending altcoins in the crypto market right now. With a bullish pennant breakout followed by a channel breakout rally, the meme coin has increased by almost 5000% in the past three weeks.

Currently, the meme coin is trending at $0.001720 with a minor intraday pullback of 3.46%. Based on the trend-based Fibonacci level, NEIRO is facing resistance at 100% Fibonacci level.

Due to the sudden increase in overhead supply, the meme coin is starting a consolidation range with support at 78.60% Fibonacci level at $0.0015. A bullish breakout of this range will put the $0.0023 and $0.0033 as the next potential price targets. Meanwhile, the next support for NEIRO stands at $0.0013.

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.

Published by

Sohrab Khawas