The post MOG and MEW Meme Coins Surge as BTC Nears $65k: Are They Ready for an ATH? appeared first on Coinpedia Fintech News
With the Bitcoin price nearing the $65k mark, the meme coin segment is gaining bullish momentum as the market cap nears $53B. Amid the top performers, the Mog coin (MOG) and Cat in a Dogs World (MEW) are ready for a massive bull run.
Will these trending meme coins hit a new all-time high as the broader market recovers? Read our MOG and MEW price analysis to learn more.
Top Performing Meme Coins To Buy:
Mog Coin (MOG)
With a market cap of $31.61 million, MOG coin is a rising meme coin, which has increased by 8.55% in the past 24 hours. With nearly a 20% surge in the last seven days, the meme coin is currently trading at $0.000002086.
In the daily chart, the MOG token reveals a rounding bottom reversal and five consecutive bullish candles. Starting with a morning star pattern near the 50-day EMA, the meme coin has increased by almost 60% from its 7-day low at $0.0000013320.
With a streak of consecutive bullish candles, the meme coin is on the verge of hitting the rounding bottom’s neckline at $0.0000023544. Based on the Fibonacci levels, the neckline coincides with the 100% Fibonacci level or the previous swing high.
Furthermore, the 50-day and 200-day EMA maintain a bullish alignment and continue to surge and provide dynamic support. Even the technical indicator daily RSI line shows a surge in bullish momentum as it enters the overbought zone.
A bullish breakout of the rounding bottom pattern will likely hit $0.000003279 or $0.00000499 at 1.272 and 1.618 Fibonacci levels, respectively.
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Cat in a Dogs World (MEW)
With a 16.02% surge in the past seven days, the bullish trend in the Cat in a Dog World meme coin continues with an 8.30% surge in the last 24 hours. With a market cap of $657.96 million, the MEW token is currently trading at $0.007395.
In the daily chart, the MEW token reveals an ascending triangle pattern with a long-coming support trend line. The glass ceiling of the ascending trend line resides at the 100% Fibonacci level at $0.007738.
Currently, the bullish engulfing candle with an intraday gain of 9.74% is approaching the overhead resistance. Further, the daily RSI line is close to reaching the overbought zone as the 50-day EMA maintains a positive trend.
Based on the Fibonacci levels, a bullish breakout will likely head the 1.618 Fibonacci level at $0.016670. However, for the short term, the 1.272 Fibonacci level at the psychological mark of $0.010 seems more realistic.
