3 Top Meme Coins Set For Big Gains This Week: DOGE, SHIB, PEPE

3 Top Meme Coins Poised for Gains: DOGE, SHIB, PEPE

On August 8th, Bitcoin surged to $60,278, signaling a bullish trend. The market leader's subsequent consolidation above previous resistance levels further bolstered confidence. Meme coins, in particular, have played a significant role in driving the market capitalization to $2.11 trillion.

The Fear and Greed Index has also improved to 40, indicating increased risk appetite among investors. Meme coins and community-based projects have also contributed to the overall optimism, with the market capitalization of the meme coin sector reaching $39.618 billion.

Top 3 Meme Coins with Potential for Growth

In anticipation of market recovery and potential FOMO, let's examine the top 3 meme coins:

1. Dogecoin (DOGE)

Dogecoin, the leading meme coin, ranks 9th in market capitalization ($15.19 billion). At press time, it traded at $0.1045.

DOGE has recently bounced off a long-term support trendline. A breakout above the wedge pattern could trigger a significant bull run, potentially reaching $0.22 (a 120% surge).

2. Shiba Inu (SHIB)

Shiba Inu, the second-largest meme coin, also exhibits a declining wedge pattern. The recent surge has provided strong buying support, with SHIB trading at $0.00001412.

A breakout above the upper trendline could lead to a substantial price increase, with targets at $0.000022 or even $0.000029.

3. PEPE (PEPE)

PEPE has displayed remarkable growth since its launch, maintaining a positive bullish trend. However, a recent correction has occurred, with the coin losing the $0.0000100 psychological support.

Despite the setback, PEPE has found support at $0.00000600. A bullish breakout above $0.0000100 could trigger a rally towards a new all-time high.