These Memecoins could enter the Top 100 soon, should PEPE, FLOKI or BONK worry?

While the most important tokens such as Bitcoin, Ethereum, Ripple, Cardano, etc. have been stuck in a tight range, memecoins continue to attract traders’ attention. The initial bull run of 2024 was triggered by the PEPE price rally followed later by FLOKI, BONK, WIF, etc. Meanwhile, Dogecoin and Shiba Inu continue to show small jumps which suggest that market participants are constantly looking for new tokens that could generate huge profits.

Among all other memecoins, DOG.GO.TO.THE.MOON (DOG) and Memecoin (MEME) are the two tokens that show enormous strength.

DOG.GO.TO.THE.MOON (DOG) aims to reach $0.01

• DOG price formed a new ATH at $0.00962 over the past 24 hours, with a jump of more than 25% and a massive increase in volume of almost 150%

• With only a few days of history, the memecoin has made it close to the top 100 and thus, a little push could help the token enter the area

• However, before the next bullish push, a notable pullback may be imminent as the bulls appear to have weakened a bit after marking a fresh ATH.

• The MACD shows a decline in buying pressure; the levels are close to undergoing a bearish crossover and the StochRSI is heading towards the lower threshold

• Therefore, DOG price may drop to the tentative support level of $0.0083, offering catapult action to rebound and rise above $0.01.

Memecoin (MEME) fears a 15% collapse

• MEME price has maintained a notable downward trend throughout March, April and May, and thus the trend is expected to continue into early June

• The token is forming consistently lower highs and lows, showing a significant decline in bullish strength as the bears appear to have maintained a tight grip on the rally

• The volatility of the token has been quite high, indicating that the volume has swung very frequently in favor of bulls and bears

• Furthermore, the MACD shows that the buying volume is decreasing but, more importantly, the levels could fall into the negative zone again, suggesting the continuation of a downward trend

• Therefore, MEME price is expected to reach the local support zone between $0.023 and $0.024, which may test the bullish strength. A positive trend could trigger a rebound, while a negative impact could push the levels down to $0.021

Collectively, DOG price appears to be in a good position and may enter the top 100 very soon, while MEME price may take longer to do so.

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