The post As Bitcoin Nears ATH, Meme Coins WIF, FLOKI, SHIB Eye Major Breakouts appeared first on Coinpedia Fintech News
With the Bitcoin price inching closer to a new all-time high above the $73,800 mark, the meme coins are expressing a massive uptrend at play. The dog-themed meme coins rank high among the top performers in this bull run.
Confused as to which meme coin to buy? Here are the top three tokens you should consider buying for a 2x rally in the coming month. So, let’s take a closer look at the price chart analysis of these top meme coins ready for a bullish rally.
Golden Crossover To Push WIF Above $3
With a falling wedge breakout rally, the WIF price is revealing a bullish trend at play. While struggling to surpass the 50% Fibonacci level near the $3 psychological mark, the meme coin takes a retest of the 200-day SMA.
With a lower price rejection amid the broader market recovery, the WIF price bounces back and reclaims dominance above the $2.50 psychological mark. Furthermore, it surpasses the 38.20% Fibonacci level and the growing bullish influence teases a golden crossover between the 50-day and 200-day SMA.
As the bullish trend in the $2.5 billion market cap meme coin gains momentum, buyers anticipate the uptrend to reach the 100% Fibonacci level above the $4.50 mark. On the flip side, the crucial support remains the 50-day SMA near the $2.00 psychological mark.
FLOKI Set to Leap Above 38.20% Fibonacci Level
With a falling channel breakout rally, the FLOKI price trend struggles to surpass the 38.20% Fibonacci level at $0.0001654. Currently, the bullish influence struggles to drive a golden crossover between the 50-day and 200-day SMA.Â
With a four-day streak of bullish candles, the meme coin has increased by 17.53% from its seven-day low of $0.0001254. Surpassing the 200-day SMA and the 23.60% Fibonacci level at $0.001415, FLOKI is ready to challenge the 38.20% level.Â
As the broader market recovers, the bullish anticipation grows for a price jump to the apex of the falling channel near the $0.000320 mark.
Shiba Inu Preps A 92% Leap
As the second biggest meme coin, with a market cap of more than $10 billion, the Shiba Inu price has increased by almost 20% from its seven-day low of $0.00001583.
However, the growing bullish influence has led to a merger between the 50-day and 200-day SMA. Thus increasing the chances of a golden crossover. Further, with the double bottom reversal from the 23.60% Fibonacci level at $0.00001633.Â
The meme coin will likely challenge the neckline at the 50% level at $0.00002144. As the bullish momentum increases, Shiba Inu will likely reach the $0.00003591 mark by the end of November.
Curious to know if Shiba Inu will overtake Dogecoin? Find out more about Coinpedia’s SHIB price prediction and subscribe to us for the latest crypto updates.
