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Top Meme Coins To Buy As The Worst Is Behind The Crypto Markets

Release: 2024/08/06 20:06 Reading: 430

Original author:CoinPedia News

Original source:https://coinmarketcap.com/community/articles/66b205a87f7658108e172c65

Top Meme Coins for Purchase as the Crypto Market Rebounds

Following Bitcoin's stabilization above $50K, intraday gains suggest a potential reversal. This has sparked a modest recovery in altcoins, particularly sentiment-driven meme coins.

Meme Coins Poised for a Breakout

As the market recovers from the recent downturn, meme coins are poised for breakout events. Here are the top meme coins to consider for purchase this week:

BRETT (BRETT)

BRETT's price has formed an impressive uptrend after a significant decline, evidenced by an expanding channel on the 4H chart. The uptrend is challenging overhead resistance with a 56% price increase.

Supported by a 50% RSI reading, the breakout attempt is likely to reach the $0.14347 mark.

Shiba Inu (SHIB)

SHIB has been trading in a falling channel, finding support at the lower trendline. The formation of a morning star pattern suggests a potential bounce back.

Despite bearish signals from the 50D and 200D EMA death cross, a bullish divergence in the RSI indicates a shift towards buying. Optimistically, the uptrend could reach $0.000016.

PEPE (PEPE)

PEPE has fallen below its 200D EMA, experiencing a 40% drop in 7 days. However, intraday gains and a reversal from $0.0000058 have revived the chance of an uptrend.

If the uptrend regains the 200D EMA, the price could potentially reach $0.000010.

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