Higher currencies on Wednesday represent bearish as the market takes a brief pause after a massive surge on Monday. However, the altcoin sector, meme coins, is striving to achieve higher levels in a volatile market.
With the crypto world anticipating the altcoin season soon, meme coins are a great option for massive returns. However, increased volatility and rapid reaction to emotions make it a riskier option.
Don’t worry. We bring a list of the top potential meme coins that will achieve the next 10x increase. So, let’s examine the price charts and analyze its potential and upside potential.
The high penetration of this meme coin sparks a bull race
In the 1D chart, the WIF price trend shows a massive overnight rise of 10.22% to form a bullish engulfing candle. The price jump in the meme coin represents a bullish breakout of the symmetrical triangle and is ready to reclaim $3.
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One of the best performing coins in the meme coin sector, Dogwifahat is a hot new entrant within the market. This highlights the huge upside potential in WIF price if the uptrend gains momentum.
The triangle breakout high could reach the $10 mark in weeks and will likely aim for levels above $15 in altcoin season.
BOME Breakout goes crazy
Another high-performing coin with a 20% jump in the past four days, the Book of Meme token, is on the rise. The breakout of the upper trend line represents a triangle break in the BOME price action and crosses the 50% Fibonacci level.
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As the three bullish candlestick line faces a threat near $0.013, the meme coin is ready to challenge the $0.015 mark. Depending on the retracement levels, BOME price may head higher to the $0.059 mark.
It is optimistic that altcoin season could see Book of Meme rally to levels close to the psychological mark of $0.10.
The Dog Goes to the Moon begins assembly
Aiming to boost mass adoption of Bitcoin, DOG GO TO THE MOON is on a bullish resurgence. The price of the DOG token rose 69% to create a three-day bullish candle line.
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On the 4-hour chart, the meme coin is revealing a rounded bottom pattern with a neckline at the all-time high of $0.0057. According to the trend-based Fibonacci levels, the trend reversal in DOG price may reach the $0.010 mark in the coming weeks. Given the continuation of the uptrend, the upside for this meme coin could reach $0.050.
Will these meme coins jump 10x?
As momentum increases in the broader market, the bullish outlook around meme coins intensifies. Moreover, the promising price action of these currencies provides a great buying opportunity before the uptrend begins.