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.