Top Meme Coins Enter A Bull Run: The price of Bitcoin has reached $52,000 for the first time in nearly two years, causing the markets to move very quickly, similar to a fast train from Japan. During this time, the coins based on internet jokes are becoming very popular and have chances for sudden growth.
Also, famous for their sudden and big price changes, the most popular meme coins are watched by investors hoping to make money from their rapid increase. These coins can grow a lot in value in just a few weeks. Let’s check out the top meme coins, which are Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK).
- Dogecoin (DOGE)
The DOGE price is set to increase after breaking through a key resistance level, showing signs of a positive turnaround. The rise in the amount of trading backs up this upward move, indicating a strong push for Dogecoin.
In the last two weeks, the price of DOGE went up by nearly 11%, showing strong positive signals. Also, the price increase went beyond the 38.20% Fibonacci level, suggesting that the upward trend might continue.
Right now, the price of DOGE is $0.08630, and it has gone up by 0.95% today. Even though the price went down a bit during the day, it might still go up to $0.10 this month because of strong weekly trends.
2. Shiba Inu (SHIB)
As the second-largest meme coin by market value, the price of SHIB is looking good this week. It is stopping a pattern of decreasing highs, showing that Shiba Inu might start to increase in value soon.
The SHIB price is going up because it broke through an important level at $0.000010, which is seen as a key point. It’s also moving closer to the top of a range known as the Bollinger bands. With a 10% increase in the last ten days, it shows a big change in how people feel about it.
If buyers keep up their interest, the SUIB price could begin to increase above $0.000010. Also, recovering from the 50-week average price is a good sign for a price increase.
Hopefully, the price of Shiba Inu could rise to $0.000015 soon and start a new increase.
3. BONK
The BONK price stopped falling and started to rise again at a specific point, called the 61.80% Fibonacci level. It has now broken through key barriers, including a resistance line and the 50-day average price, indicating it might start increasing quickly.
The trend is going up and is near the top edge of the Bollinger bands. It’s close to reaching the 38.20% level according to the Fibonacci tool. This level is also where the price is at $0.000015, which is an important point. At this point, there’s a strong resistance where sellers are ready to sell.
Also, when the meme coin’s price starts going up after a period of falling, and if buyers can push the price above a certain level (38.20% Fib level), the price of BONK could rise to its earlier high of $0.000025.
In summary, the most popular meme coins are about to quickly increase in value soon.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
