The crypto markets are recovering from the recent crash, influenced by the rising tensions among the 2 popular nations. As the FUD created around these factors faded to some, the BTC price quickly regained levels above $63,500. This has led the memecoins on fire as the prices of POPCAT, WIF, & MOG have been surging consistently. Does this suggest a good time to buy memecoins? Will DOGE & SHIB also follow a similar trend?
Mog Coin (MOG) Price Analysis
MOG bulls have been assured of forming a new ATH in the next few days, and as a result, the bullish momentum has kicked in. The price has triggered a massive upswing and is about to enter the crucial resistance zone, which can also be considered the neckline of the bullish pattern. While the bearish presence may not be validated, the Mog Coin price appears to be prepared for the next bullish push.
As seen in the above chart, the MOG price formed a double-bottom pattern and is about to enter the neckline. However, the MACD and OBV both have risen above the bearish influence and hence it appears a notable upswing could be imminent in the coming days. Once the price clears the resistance zone between $0.0000 01721 and $0.0000018, then the Mog coin price is believed to trigger a healthy upswing beyond $0.000002, which may lead to a new ATH, probably above $0.000003 in a short while.
Popcat (POPCAT) Price Analysis
POPCAT price broke out of the resistance and surged high to mark a new ATH at $1.47 a few moments ago. With this, the price enters a discovery phase with the technicals remaining in bullish favour. Hence, regardless of the small pullback, the price is believed to trigger a massive rebound and hit the higher target close to $1.8.
The price has been trading within a rising parallel channel, and the latest upswing has pushed the token above the average zone. Besides, the MACD displays a rise in the buying pressure while the RSI remains within the upper threshold. Therefore, the price is believed to maintain a consolidated ascending trend and hit the upper resistance of the channel close to $1.8 but before this move, a small pullback below $1.38 may be expected.
dogwifhat (WIF) Price Analysis
The WIF prices were stuck within a bearish pattern, but the bulls gained back control in time. With this, the prices maintained a horizontal consolidation for a few weeks, followed by a bullish breakout beyond the channel. However, the token appears to have risen after a retracement, and hence a steep upswing could be imminent.
As seen in the above chart, the price has accomplished a retracement and hence seems to be poised to head towards the final resistance zone. The levels are between $3.3 and $3.5 and can be considered as a final barrier before marking a new ATH, which may be achieved in a few days from now. The RSI, which had dropped, has triggered a bullish reversal while the Gaussian channel has turned bullish. This suggests a rise beyond $4 is on the horizon, while a new ATH above $5 could be imminent.
