With Bitcoin and leading altcoins going silent mid-week, meme coins are rising in rank as demand and FOMO (fear of missing out) increase. Aside from popular options like PEPE, WIF and others, here are some alternatives that have equally exciting upside potential.
Well, let’s take a closer look at the price chart of these meme coins.
Meme Coins Worth Buying: BRETT (BRETT)
With a market cap of $1.2 billion, PEPE’s best friend has gained a lot of popularity in the meme coin space. BRETT is ranked 63rd in the top 100 cryptocurrencies by market cap, trading at $0.1289, and is down 2.78% on the day.
Trading View
On the daily chart, BRETT is showing a pullback phase in the movement, leading to an upper resistance trend line. Moreover, according to the trend-based Fibonacci levels, BRETT price is struggling to surpass the 23.60% level.
As the broader market recovery gathers pace, the meme coin could signal a continuation of the uptrend with a breakout of the trend line. The Fibonacci level indicates a potential price rise to $0.26 or $0.36.
Floki (Floki)
Being one of the best performing coins in early 2024 and showing resilience in June, FLOKI is showing tremendous fundamental demand. With a market cap of $1.72 billion, the meme coin is ranked 52nd in the top 100 cryptocurrencies and is trading at $0.0001781.
Trading View
On the daily chart, FLOKI price is struggling to surpass the crucial resistance level at $0.00019, which coincides with the 23.60% Fib level of the trend. Moreover, the underlying increase in demand is triggering an inverted head and shoulders pattern with the neckline at $0.00019.
With the recent surge and increasing demand for meme coins, FLOKI price is triggering a bullish wave. According to the Fibonacci levels, the bullish trend could peak at $0.00033 before rising to $0.00055.
Shiba Inu (SHIB)
Despite a downward channel on the daily chart, the second-largest meme coin, Shiba Inu, has a market cap of $10.3 billion. The correction phase represents a 50% drop from $0.000035 to the current price of $0.00001752.
Trading View
With the current bullish cycle within the channel failing to surpass the 23.60% Fib level, the meme coin is seeing another downside. However, the broader market reversal and increased FOMO could see SHIB price rise above the channel.
The sudden surge could peak at $0.000035 before taking off to the 1.618 level at $0.000057.