Memecoins
The MAGA and TURBO meme coins anticipate huge breakout moves
With major meme coins taking a step back after the massive surge the day before, small-cap coins are making waves. Linked to Trump and AI, the price of MAGA and TURBO coins rises to rank in the top hit list.
With turnaround momentum and a spark in trading volume, these small-cap meme coins offer a skyrocketing move. Will the MAGA and TURBO price bull run lead to a 100% increase in the next week?
The MAGA recovery sets up a trend reversal for a 60% upside.
After the bullish run of the first days of listing, amounting to over 1000%, the price of MAGA finally led to a slowdown. The collapse in the pullback phase proved to be equally intense and resulted in a 60% drop in the meme coin in 24 days.
Currently, MAGA meme coin price is trading at $0.00024 with an intraday gain of 4.23% to challenge the bearish trend line. After the 24% overnight surge, buyers are up against the resistance trendline on the 4-hour chart.
Furthermore, on the daily chart, the MAGA price action reveals a double bottom pattern at the $0.00018 baseline. The neckline is located at the $0.00030 level. The bullish trend line break can lead to the next distribution phase.
In that case, the meme coin can reach the 61.80% Fibonacci level at $0.0003985, a rise of 62%.
TURBO Meme Coin Breakout Rally Eyes $0.01
Concluding the early June pullback phase, TURBO price breaks above the resistance trendline on the 4-hour chart. The bullish revival of the meme coin even surpasses the 50 and 200 EMA in the 4-hour chart with the trend line breaking.
Currently, TURBO price is trading at $0.0051 with an intraday jump of 1.91%, following last night’s 33% jump. This forms a morning star pattern on the daily chart, revealing huge demand at lower levels.
Considering the breakout momentum continues, TURBO meme coin price can reclaim the previous high of $0.0098. Such a high uptrend could surpass the psychological threshold of $0.01.