Top Meme Coins To Buy As The Worst Is Behind The Crypto Markets
The post Top Meme Coins To Buy As The Worst Is Behind The Crypto Markets appeared first on Coinpedia Fintech News
With Bitcoin holding the downfall above $50K, the intraday growth signals a reversal opportunity. This leads to a minor hypersonic recovery in the altcoins, especially the sentiment-sensitive meme coins.
Spearheading the next stage of recovery, the meme coins are on the verge of breakout events. So, let’s look closer at the top meme coins to buy this week as the market survives the bloodbath.
Top Meme Coins To Buy: BRETT (BRETT)With an expanding channel in the 4H chart, the BRETT token price forms an impressive bull cycle after a massive crash. The uptrend challenges the overhead resistance trendline with a 56% price jump.
Starting from the $0.06271 support level, the meme coin challenges the supply wave for a breakout. Further, the 4H RSI line hits the 50% ballpark, reflecting a half-and-half dominance in the last 56 hours.
If the bullish trend survives the incoming tsunami of supply, the breakout run in BRETT could reach the $0.14347 mark.
Shiba Inu (SHIB)Trading in a falling channel, the SHIB price trend takes support at the lower trendline with a long-tail formation. Further, the second biggest meme coin is teasing a morning star formation at the crucial area of support.
However, the death cross in the 50D and 200D EMA remains a looming bearish signal over the SHIB price. Nevertheless, the bullish divergence in the daily RSI line signals a potential bounce back.
Optimistically, the bullish trend could reach the $0.000016 mark as the buyers maintain dominance over the $0.000010 psychological mark.
PEPE (PEPE)Sharing the fate of crumbling meme coins sectors, the PEPE price falls under the 200D EMA during the crash. The PEPE registers a 40% drop in 7 days, and the $0.000010 psychological mark is lost.
However, the intraday growth of 8.51% and a quick reversal from the $0.0000058 level revives the uptrend chances. Considering the uptrend reclaims the 200D EMA, the uptrend could hit the $0.000010 level.