Top Meme Coins To Buy Post Halving For 10X Jump
The post Top Meme Coins To Buy Post Halving For 10X Jump appeared first on Coinpedia Fintech News
With the rising demand for low-cap altcoins, meme coins are making the must-buy lists of retail investors. Further, known for sharp and huge price pumps, meme coins are the go-to choice in the crypto industry for massive returns.
In the sea of such community and hype-driven altcoins, some display a stronger setup with higher possibilities of a price jump. For maximum gains, Coinpedia brings you a list of top meme coins with high potential setups for a massive jump this year post-Bitcoin Halving.
So, let’s have a closer look at the price charts of these altcoins.
Slerf (SLERF)
Despite a massive correction visible in the 4H chart, Slerf shows a high reversal possibility as the pullback consolidates. With a shift in underlying sentiments, the meme coin price action displays an inverse head and shoulder pattern.
Generally, the inverted head and shoulder pattern comes as a trend reversal pattern with a neckline formation. The neckline in this case stands at $0.45 and a breakout of this level will ignite a new bull run for SLERF.
If the buyers manage a breakout to reclaim the $0.50 psychological barrier, the uptrend could easily scale to the $1 mark. Beyond this, a hype-driven uptrend possibility could hit the $5 mark in 2024.
Book of Meme (BOME)
In the 4H price chart, the BOME price trend forms a descending triangle as the downtrend prolongs and approaches the $0.007233 support level. With the formation of a solid resistance trendline, the buyers witness multiple failures to regain uptrend momentum.
However, with the meme coin approaching a solid support level and the bullish RSI divergence, the reversal chances are strong. With the high breakout possibility after a high momentum reversal, the sidelines can find this as an excellent entry opportunity.
A breakout rally could drive the bull run to the previous peak of $0.024 with a possibility of $0.20 by the end of 2024.
Dog Themed Meme Coin: Bonk
Following the impressive recovery rally, the broader market correction leads to a falling wedge pattern in BONK. However, with a bullish break, the meme coin brings a high potential bullish setup for a massive surge in the coming weeks.
With a rounding bottom reversal to avoid a drop under the psychological mark of $0.00001, the meme coin overcomes the supply at the overhead resistance trendline. As the breakout signal entry for side liners, it also projects a trend reversal.
In the short term, the uptrend in BONK could surge to the $0.000050 mark. Optimistically, the buyers could break the $0.00010 mark.
Cat-themed Meme Coin: MEW
As one of the few top-performing cat-themed coins, the MEW Token shows a high reversal possibility to conclude the pullback phase in motion.
On the 4H chart, the MEW price shows a solid support level at $0.004529 and teases a breakout rally. Considering the breakout occurs, the meme coin will conclude the downtrend and signal a buying opportunity.
The breakout momentum could fuel the uptrend to potentially reach the $0.010 mark in 2024.
