Cryptocurrency market analysts are expecting a price rally next week with the potential listing of an Ethereum ETF, the delayed impact of US CPI data, and the end of the Bitcoin sell-off in Germany. Amidst price increases, altcoins, especially meme coins, are known for their massive jumps.
With the new trend and growing demand for political and other meme coins, let’s take a closer look at the trending and high-potential meme coins to watch out for in the coming week.
Meme Coins to Watch Out For: MAGA (Trump)
With a market cap of $275 million, the politically-themed MAGA coin is inspired by Donald Trump’s “Make America Great Again” slogan. The coin’s token is based on Trump and has seen a massive surge of over 3,000% since its inception.
Trading View
However, with a descending channel in motion, the meme coin is in a pullback phase amid a broader market downturn. To turn the tide, the rally from $4,528 on the 4-hours chart is reclaiming the 50-period EMA and crossing the upper trend line.
If the sudden surge continues to gain momentum and breaks above the 200-day EMA, MAGA price could reclaim the psychological level of $10. Moreover, according to Fibonacci levels, the uptrend could peak at $17 if it sustains above the 50% level.
MOG Coin
As the first cultural currency on the internet, MOG is an ERC-20 token based on the Ethereum mainnet. With an upward trend on the daily chart, MOG price trend reveals an ascending channel pattern.
Trading View
With a daily gain of 2.21%, the meme coin is avoiding the evening star pattern near the upper resistance level. According to the Fibonacci retracement during the March-April correction, MOG price is challenging the 1.618 level.
The cryptocurrency is likely to see a breakout of the trend line as the market recovers in the coming week, as it could easily reach the 2.618 level at $0.000002532.
cat in dog world
With a market cap of $282 million, MEW, a Solana-based coin, remains a prominent name in the sector. As one of the best performing meme coins not only in the Solana ecosystem but in the entire crypto market, MEW is one of the smart money’s top picks.
Trading View
With a possible double bottom reversal on the 4-hour chart, MEW token is triggering a bounce. The baseline remains strong at $0.0031 and the neckline at $0.0036 is triggering
Given the continuation of the bullish trend, the meme coin may reach the upper trend line near $0.0041. In case of optimism, the upside with the trend line break may reach $0.0061 or the 61.80% Fibonacci level.