Meme Coins Lead the October Rally: PopCat, Floki, MEW Target 100% Potential Gains
The post Meme Coins Lead the October Rally: PopCat, Floki, MEW Target 100% Potential Gains appeared first on Coinpedia Fintech News
With Bitcoin price crossing above the $68,000 mark, the meme coins are spearheading the crypto bull market rally. PopCat, Mew, and Floki are leading the way, along with Dogecoin and Shiba Inu, among the top-performing meme coins.
With their market caps leading to new swing highs, the broader meme coin segment has hit a 30-day high of $57.22 billion in market cap. With a newfound momentum, should you consider buying these top-performing meme coins before the October rally ends? Let’s find out.
Must Buy Trending Meme Coins: Floki (FLOKI)In the daily chart, the Floki price action reveals a falling channel breakout rally gaining momentum. As the breakout rally gains momentum, a new support trend line is visible in the daily chart.
Upholding the higher low formation, the meme coin price action teases an ascending triangle pattern. The glass ceiling of the triangle patterns coincides with the 38.20% Fibonacci level at $0.0001654.
The Floki price is currently trading at $0.0001529 with an intraday gain of 7.43%. The bullish engulfing candle starts from the 23.60% Fibonacci level at $0.0001415 and surpasses the 200-day EMA.
Furthermore, the growing bullish influence teases a golden crossover in the 50-day and 200-day EMA as the MACD and signal line maintain a positive alignment. Upon the bullish breakout of an ascending triangle pattern, the Floki price action shows potential to reach the pinnacle of the falling channel pattern at $0.0003204.
Hence, with an upside potential of more than 100%, Floki is a must-buy token for a 2x rally in this crypto bull run.
Popcat (SOL) (POPCAT) Meme CoinWith a triangle breakout rally, the Popcat token maintains a rising channel pattern. The meme coin has increased by 14.41% in the past 24 hours and is currently trading at $1.36.
Over the last 30 days, the market value has almost doubled. The rising channel pattern is facing resistance of nearly 1.27 to the Fibonacci level at $1.35 to sustain bullish dominance.
Meanwhile, the rising 50-day EMA reveals the strong underlying support. With a bullish engulfing candle formed yesterday without a 10.54% surge, the meme coin teases a bull cycle within the rising channel.
Based on the Fibonacci level and the price pattern, the next immediate price target stands at $2.03, accounting for a price jump of almost 50%. Furthermore, if the bull run gains momentum amid the broader market October rally, it shows potential to reach $4.41 for a 227% surge.
Hence, with the massive upside of potential, Popcat is a must-buy trending meme coin in this October rally.
Cat in a Dogs World (MEW)With an intraday gain of 7.71%, the Mew token is trading at $0.0090. Inching closer to a 24-hour high at $0.009760, the meme coin is nearing the psychological mark of $0.010.
The meme coin shows a post-retest reversal from $0.00077 with a bullish engulfing candle, completing a morning star pattern. Based on the Fibonacci levels, the ascending triangle breakout rally in the daily chart is likely to achieve the 1.272 Fibonacci level at $0.010.
Upon achieving the psychological mark, the Fibonacci level spanned the next price target at $0.01667. With the crypto market gaining momentum and the meme coin segment leading the way, the Cat in a Dogs World token has an upside potential of more than 80% in the short term. Hence, it makes a must-buy token in the crypto market rally.
As an optimistic target, the 2.618 Fibonacci level at $0.0577 reflects a potential price surge of 536% if the meme coin skyrockets.
Curious if the Floki coin price will reach $0.10? Find out now in Coinpedia’s in-depth Floki price prediction for 2024 to 2030.