Is It Worth Buying The Top Meme OG Coins For 2x Surge?

The post Is It Worth Buying The Top Meme OG Coins For 2x Surge? appeared first on Coinpedia Fintech News

With the volatility growing in the top crypto like Bitcoin and Ethereum, the top meme coins are comparatively under control. The top OG meme coins, Dogecoin and Shiba Inu form a price pattern showcasing contracting volatility, with the trend momentum coiling up. 

With the potential energy climbing up for DOGE and SHIB, the sideliners await a breakout. As the momentum coils up, the breakout rally shows immense potential for almost a 100% surge. 

With this consideration, the top OG meme coins present an offer of almost 2x surge this April. So, should you consider buying these amidst the ongoing sideways trend?

Will The Top OG Meme Coin Hit $0.40?

With a rising channel in motion, the daily chart of Dogecoin showcases a positive trend. However, the top OG meme coin showcases a sideways trend, as it fluctuates near $0.177.

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Nevertheless, the DOGE price showcases a retest of the $0.1776 or the 50% Fibonacci level. Further, the Dogecoin price trades closer to the rising support trendline, in alignment with the 50D EMA, with a Doji in formation. 

Currently, the DOGE price trades at $0.1910 with an intraday growth of 1.22% and a lower price rejection. Hence, the chances of a bullish reversal are improving. As a result, the DOGE price shows the potential to reach the overhead trendline at $0.25. However, with the bull run in motion, the meme coin could present another breakout rally if the market conditions improve. In such a case, the uptrend could hit the $0.40 mark this month.  

Will SHIB Price Give A Bullish Break?

With the immense potential in the top OG meme coin, the second biggest Shiba Inu also offers a bullish entry opportunity.  As the uptrend in the SHIB price trend loses momentum, a sideways consolidation takes place in the daily chart. 

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With a contraction in volatility, the SHIB price action showcases a triangle pattern. In consideration of the prevailing uptrend, the altcoin projects a bullish pennant. 

With the baseline in resonance with the 50D EMA, the top meme coin is closer to a critical support level. Hence, with a strong bullish reversal possibility, the SHIB price prepares for a breakout rally. 

As per the trend-based Fibonacci levels, the top meme coin could hit the $0.00005134 mark.