During the bullish phase, the meme coins showed very high volatility and increased positive sentiments after the latest reversal. Memecoin prices are ready to double this month?
However, Popcat and Dogwifhat are among the fast performers who displayed the sharpest bullish moves and hence gained recognition.
Let’s examine the price trends of the hottest meme coins, POPCAT and WIF.
Memecoins prices are ready to double this month?: POPCAT analysis
On the daily chart, this is signaling that Popcat’s bull run is getting stronger and signaling the end of its correction. It is now embarking on a bull cycle with a V shaped reversal rally in an expanding channel, as shown below.
POPCAT has already breached the 50-day EMA and is currently hovering just above the 38. 20% From a crash low of $0.25, the coin has appreciated by 137%.
If this trend persists, POPCAT prices will challenge the upper trend line around $1.
Dogwifhat (WIF) price trends
The WIF price is in the process of declining, where it has formed the falling wedge on the daily chart. There is a potential death cross on the horizon as the 50-day EMA approaches the 200-day EMA, which offers bearish signals.
However, after the recent decline, the WIF price has formed the first signs of a bullish reversal near the support trendline. It has risen 55% from its all-time lowest price of $1.07 and is in the formation of a triple white soldier pattern.
As the bull run continues, this stock, WIF, may surge and open at $3.40. This indicates an opportunity for a potential increase of 103% in the upcoming weeks.
At the time of writing, Bitcoin is trading at around $57,300, up 0.28% in last 24-hours. The trading volume is $40.878 billion, down over 10% in last 24-hours
