After a turbulent first week of October, meme coins are rising again as the price of Bitcoin approaches $62,000. The historic October cryptocurrency rally is at risk amid rising geopolitical tensions.
In this situation, here are the top 3 meme coins that are poised to bounce back with a breakout rally: Now, let’s take a look at the top coins that will see a 2-fold breakthrough next week.
Best Meme Coins to Buy:
BONK
A bearish reversal within the triangle pattern takes the BONK token price back to the 50-day EMA. Additionally, Mimcoin finds support near the 23.60% Fibonacci level at the psychological mark of $0.000020.
Following the 8.42% recovery on Friday, BONK price action revealed a bullish harami pattern at a critical support level. Additionally, the 200D and 50D EMA are on the verge of a golden crossover.
If the bullish cycle breaks above the overhead trend line, Mim Coin could reach the $0.00003756 point. On the other hand, the important supports are $0.000020 and $0.000015.
Shiba Inu (SHIB)
Shiba Inu is showing a trend reversal on the daily chart due to the strong breakout rally of the descending channel pattern. However, a breakout hit reverse gear during the market crash to retest the 50D EMA.
A 20% drop in 5 days shows price rejection lower at the 50D EMA, leading to a Morningstar pattern. Additionally, the bull market is up 1.55% today, following an 8.08% rise.
Meme coins are poised for a rebound as the broader market shows some recovery from a potential bear market. Depending on the price action, SHIB’s upward trend could reach $0.00002118 and $0.00002742.
Pepper (chili pepper)
Similar to Shiba Inu, the PEPE meme coin shows a falling wedge breakout run that ends the pullback phase. However, a breakout run takes 180 and a 25% decline retests the 200-day EMA.
However, Mim Coin is back in action, recovering 8.76% intraday, leading to a bullish candle. Additionally, the 50D and 200D EMAs are gaining momentum after the golden crossover.
Depending on the price movement, PEPE’s V-shaped reversal could challenge $0.000012 and $0.000016. On the other hand, the important supports are $0.0000083 and $0.0000075.
Want to stack Pepe? Discover potential price targets with our Pepe price prediction