Memecoins
Best Meme Coins To Watch For 2x Gains Next Week
The broader market is off to an early start, with Bitcoin preparing a rebound from the crucial psychological support of $60,000. With meme coins leading the bull run this year, smart money is closely following trend reversals and the launch of new, trending coins.
With the market on the verge of a bull run, the recent rise in meme coins presents a buying opportunity for massive gains. As the prices of trending coins like BOME, BONK, and BRETT increase, should you consider buying them for a 100% gain next week?
Reversal Rally Predicts Breakout Run in Meme Coin Book
The BOME token price action reveals a declining trend on the daily chart after forming an all-time high in the early days. As it moves away from the $0.020 mark, the meme coin’s price action leads to a resistance trendline.
However, with the downtrend finding support at the $0.0082 level, the meme coin forms a descending triangle pattern. Furthermore, the bullish crossover in the MACD and signal lines strengthens the possibility of a reversal of the uptrend.
BOME price regains the psychological threshold of $0.010 with a weekly return of 24.18%, creating a bullish engulfing candle. Considering the bull run continues, BOME price may break above the resistance trend line.
If that happens, the meme coin could surpass the $0.020 mark next week as it races to breakout.
With Channel Breakout, BONK Price targets $0.000055
With a bullish rebound from a long-standing support trendline, BONK price action concludes the 50% correction phase. The bull run restarts from the 23.60% Fibonacci level and represents a 17.81% surge this week.
In addition, the bullish reversal with the channel breakout leads to a bullish crossover in the MACD and signal lines. This strengthens the upcycle possibilities of the meme coin as trading volumes increase.
Therefore, with the underlying reversal of sentiments and breakout rally, the uptrend of BONK can reach the $0.000055 mark.
BRETT Breakout Run Aims for a Double Upside This Week
With a bullish reversal from the support trend line on the 4-hour chart, BRETT price breaks above the general trend line. The end of the correction phase comes with the breakout of the triangle on the 4-hour chart and portends a bullish continuation next week.
For a retest, the meme coin reveals a pullback to the 50 EMA, forming a double bottom pattern. Furthermore, according to trend-based Fibonacci levels, the BRETT token price is holding above the 23.60% mark at $0.15419.
Considering the bullish trend continues, the meme coin could reach the 1.618% Fibonacci level at the $0.35 mark.