As the crypto market struggles for a bullish comeback, the meme coins and multiple low-cap altcoins are making a comeback. Ignoring the broader market noise, the trending coins such as First Nero on Ethereum, PopCat, and Dogs are ready for a bullish turnaround.
With a potential breakout rally in their daily charts, these coins are teasing a bullish rally this week. Should you consider buying these trending meme coins ready for a breakout rally?
Trending Meme Coins To Buy Today:
DOGS
Starting with DOGS, it shows a falling channel pattern in the 4-hour chart. However, the recent bull cycle within the falling channel is on the verge of a breakout rally.
Using the trend-based Fibonacci level, the DOGS meme coin is taking a sideways stroll slightly near the 50 EMA in the 4-hour chart. Meanwhile, a bullish breakout of the overhead trendline is likely to challenge the 50% Fibonacci level at $0.001126.
Hence, the chances of DOGS reclaiming the 0.0010 psychological mark will increase with the trendline breakout. However, the MACD and signal lines are on the verge of giving a bearish crossover, signaling a potential pullback.
POPCAT
In the daily chart, PopCat shows a triangle breakout rally witnessing a minor pullback. Hitting the $1.39 mark, the meme coin forms the third consecutive bearish candle, accounting for a price drop of almost 15% in three days.
The 50 and 100 EMA maintain a positive trend in the daily chart. However, the MACD and signal lines warn of a bearish crossover.
Based on the Fibonacci levels, the triangle breakout rally reverses from the 1.618 Fibonacci level and heads towards the 1.27 level at $1.16. In case of a bearish continuation below this support, the meme coin will test the bullish dominance at the $1.00 psychological mark.
Curious if the POPCAT (SOL) meme coin will create a new all-time high? Find out now in Coinpedia’s in-depth POPCAT (SOL) price prediction for 2024 to 2030.
NEIRO
With a massive bull run in action, the first NEIRO on Ethereum is one of the most trending altcoins in the crypto market right now. With a bullish pennant breakout followed by a channel breakout rally, the meme coin has increased by almost 5000% in the past three weeks.
Currently, the meme coin is trending at $0.001720 with a minor intraday pullback of 3.46%. Based on the trend-based Fibonacci level, NEIRO is facing resistance at 100% Fibonacci level.
Due to the sudden increase in overhead supply, the meme coin is starting a consolidation range with support at 78.60% Fibonacci level at $0.0015. A bullish breakout of this range will put the $0.0023 and $0.0033 as the next potential price targets. Meanwhile, the next support for NEIRO stands at $0.0013.
