DOGE, SHIB and FLOKI Price Analysis: Why Should You Buy Meme Coins Right Now?

The post DOGE, SHIB and FLOKI Price Analysis: Why Should You Buy Meme Coins Right Now? appeared first on Coinpedia Fintech News

Amidst the altcoin season, the Bitcoin price is taking a short nap and warns of a pullback as the momentum shifts towards the altcoins. However, the top meme coins known for their volatile, sharp, and long jumps are taking a slower approach this season. 

However, this moment brings one of the best opportunities to buy top meme coins before the actual bull run starts. With 8,776 blocks until Bitcoin halving, we are in the Pre-halving rally, and the bull run is expected to gain momentum as we step closer to the fourth halving event. 

Hence, with the potential for 10x jumps, let’s have a look at the Top Meme Coins, which are Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI (FLOKI).

Top Meme Coins To Buy Right Now:

Dogecoin (DOGE)

Source – TradingView

Exciting out of a falling wedge pattern, the DOGE price trend is riding the wave of a breakout rally. Further, the recent spike from the 50-day EMA, Dogecoin, presents a trend reversal opportunity in the biggest meme coin.

With the recent turnaround accounting for a 12% jump, the meme coin claims the $0.0887 mark, aligning with the 23.60% Fibonacci level. Further, the spike in trading volume supports the uptrend in motion. 

Currently, the DOGE price trades at $0.0883 with an intraday move of a 1.45% drop. Nevertheless, the trend-based Fibonacci extension projects a bullish target at $0.1411 in this “Pre-Halving phase.”

Shiba Inu (SHIB)

Source – Tradingview

Being the second biggest meme coin per market cap, the SHIB price signals a positive sign with the wedge breakout. Reclaiming the 50-day EMA to avoid the downtrend continuation for a death cross, the meme coin is buzzing again. 

With the trading volumes resurfacing to the last recovery phase levels, the ongoing breakout run for Shiba Inu is offering one of the best buying spots. Shy from the $0.000010 psychological mark, the meme coin is ready to skyrocket from this milestone. 

With the 200-day EMA sustaining a positive trend, the SHIB price trend is officially in an uptrend. Optimistically, the Shiba Inu price jump can scale to $0.000015 as per the Fibonacci retracement levels. 

Currently, the Shiba Inu price trades at $0.00000983, with a lower price rejection candle presenting a potential jump in coming sessions. 

Floki Inu (FLOKI)

Source- TradingView

Presenting a high momentum bullish breakout trend, the FLOKI price performs better than the top meme coins. Surpassing the 50-day EMA, the Floki Inu price trend displays the trendline breakout as a triangle break with the 200-day EMA as the ascending boundary. 

Further, the breakout run retests the 61.80% Fibonacci level breakout successfully and challenges the 78.60% level at present. Currently, the FLOKI price trades at $0.000035833, bringing an intraday growth of 1.49%. 

As per the Fibonacci levels and the growing momentum, the FLOKI price is expected to outperform DOGE and SHIB this month. As the price action expects the breakout run to reach $0.000042.