5 Prime Memecoins With Lengthy-Time period Upside Potential

• A surge previous the overhead resistance may ship SHIB towards $0.000042.
• FLOKI may climb by one other 30% whereas BONK’s purchase sign appeared at $0.000027.
• The EMA indicated a bullish pattern for DOGE however WIF wants a optimistic CMF to validate its bullish thesis.

Over the previous couple of weeks, meme cash have been working laborious and outperforming nearly each different sector of the crypto financial system. Whereas the bullish momentum had slowed down just a little, it didn’t look like the cash have been performed rising.

As an example, CoinMarketCap knowledge confirmed that Shiba Inu’s (SHIB) worth climbed by 5.33% within the final 24 hours. Floki (FLOKI) pumped by 30.19% whereas Bonk (BONK) recovered to hit $0.000031. 

Others together with Dogecoin (DOGE) and dogwifhat (WIF) noticed their values rise by 6.35% and 9.94% throughout the similar interval. If the meme cash keep this momentum, the costs may proceed to climb. Nonetheless, you will need to have a look at it from a technical angle

SHIB

On the 4-hour timeframe, bears had resisted the try and push SHIB’s worth to $0.000035. Nonetheless, bulls gave the impression to be banking on the $0.000032 assist to make sure the try was profitable.

Moreover, the Bollinger Bands (BB) confirmed that volatility across the token remained extraordinarily excessive. With the band enlargement, the indicator confirmed that SHIB may rise above $0.000042. However that might solely occur if the token may surge previous the overhead resistance at $0.000037.

Nonetheless, the potential worth fluctuation may additionally result in a drawdown. If promoting strain will increase, SHIB may slide beneath $0.000030. As well as, the RSI studying had remained flat suggesting indecisiveness in merchants. With this momentum, SHIB’s worth may proceed to consolidate.

FLOKI

From a technical perspective, the Superior Oscillator (AO) left the adverse territory and was 0.000016 at press time. The flip into the optimistic area meant that FLOKI’s momentum had been growing.

In regards to the worth motion, the AO studying may assist foreshadow a better worth for the meme coin. If so, FLOKI’s worth may attain $0.000025. Coin Editon additionally seemed on the Shifting Common Convergence Divergence (MACD).

At press time, the MACD studying was optimistic, indicating a bullish momentum for the token. If this stays the case, FLOKI’s worth may climb greater than 30% throughout the subsequent few weeks.

BONK

The BONK/USD 4-hour chart was just like SHIB. As of this writing, BONK’s worth was $0.000030. In line with the Supertrend indicator, a promote sign appeared at $0.000038, and it was one of many causes BONK’s worth fell.

Nonetheless, the Supertrend indicator flashed one other purchase sign. However this time, it was at $0.000027. Due to this fact, if BONK nosedives downwards, merchants may discover a good entry at $0.000027 earlier than it rebounds.

Like SHIB, the RSI on the BONK chart displayed hesitation in shopping for or promoting. Due to this fact, the worth may commerce sideways for some time earlier than it breaks out.

DOGE

As of this writing, Dogecoin modified fingers at $0.16. Nonetheless, indications from the Exponential Shifting Common (EMA) confirmed that the worth may rise greater. This was as a result of the 20 EMA (blue) had crossed above the 50 EMA (yellow).

This pattern is taken into account bullish. However to keep away from being invalidated, DOGE’s worth wants to remain above each EMAs. If DOGE falls beneath $0.15, the bullish prediction may very well be invalidated.

Nonetheless, failure to lower additional may ship DOGE greater. In a extremely bullish case, Dogecoin may commerce above $0.21.

WIF

At press time, WIF has surpassed its all-time excessive. Regardless of the worth enhance, the RSI confirmed that WIF was not overbought. In line with the 4-hour chart, the RSI studying was 62.95, indicating shopping for momentum for the memecoin.

Ought to the shopping for momentum proceed to surge, then WIF’s worth may proceed to swing upwards. If so, WIF may rally towards $3. 

Nonetheless, the Chaikin Cash Movement (CMF) dropped into the adverse area. If the CMF was optimistic, it might have implied a rise in capital circulate which is meant to drive a better worth.

Due to this fact, the adverse studying of CMF meant that market contributors have been taking liquidity out of WIF. If capital flows again, then WIF’s rise to $3 may very well be validated. If not, the worth may transfer between $2 and $2.5.