High 5 memecoins with long-term upside potential

• A break above the overhead resistance might ship SHIB in direction of $0.000042.
• FLOKI might rise one other 30% whereas BONK purchase sign appeared at $0.000027.
• EMA has indicated a bullish development for DOGE, however WIF wants a constructive CMF to substantiate its bullish thesis.

Over the previous few weeks, meme cash have been working laborious, outperforming virtually all different sectors of the crypto financial system. Whereas the bullish momentum has slowed down a bit, the cash didn’t seem like rising.

For instance, CoinMarketCap knowledge confirmed that the worth of Shiba Inu (SHIB) rose by 5.33% within the final 24 hours. Floki (FLOKI) pumped 30.19% whereas Bonk (BONK) recovered to $0.000031.

Others together with Dogecoin (DOGE) and dogwifhat (WIF) have seen will increase of 6.35% and 9.94% in the identical interval. If meme cash preserve this momentum, costs might proceed to rise. Nonetheless, it is very important take a look at it from a technical angle

SHIB

Within the 4-hour time-frame, the bears resisted an try and push the SHIB worth all the way down to $0.000035. Nonetheless, the bulls appeared to be banking on the $0.000032 assist to make sure that the try was profitable.

Moreover, the Bollinger Bands (BB) confirmed that volatility across the token remained extraordinarily excessive. With the band widening, the indicator confirmed that SHIB might rise above $0.000042. However that might solely occur if the token manages to interrupt overhead resistance at $0.000037.

Nonetheless, potential worth fluctuations might additionally result in withdrawals. SHIB might drop beneath $0.000030 if promoting stress builds. Furthermore, the RSI readings remained flat, indicating merchants’ indecision. With this momentum, the SHIB worth might proceed to consolidate.

FLOKI

Technically, the Superior Oscillator (AO) has left adverse territory and was at 0.000016 at press time. A flip into constructive territory meant that FLOKI’s momentum was constructing.

When it comes to worth motion, studying the AO might assist predict a better meme coin worth. In that case, FLOKI worth might attain $0.000025. Coin Editon additionally regarded on the Shifting Common Convergence Divergence (MACD).

At press time, the MACD worth was constructive, indicating an upward momentum for the token. If this stays the case, FLOKI’s worth might climb greater than 30% within the subsequent few weeks.

BONK

BONK/USD’s 4-hour chart was just like SHIB. On the time of writing, the worth of BONK was $0.000030. In line with the Supertrend indicator, a promote sign appeared at $0.000038 and this was one of many the explanation why the worth of BONK fell.

Nonetheless, the Supertrend indicator flashed one other purchase sign. However this time it was $0.000027. So if BONK dips to the draw back, merchants can discover a good entry at $0.000027 earlier than it bounces again.

Just like the SHIB, the RSI on the BONK chart confirmed hesitation to purchase or promote. Subsequently, the worth might commerce sideways for some time earlier than breaking out.

DOGE

On the time of writing, Dogecoin modified fingers at $0.16. Nonetheless, the exponential shifting common (EMA) indications confirmed that the worth might go increased. This was as a result of the 20 EMA (blue) crossed the 50 EMA (yellow).

This development is taken into account bullish. However so as to not invalidate it, the DOGE worth should stay above each EMAs. If DOGE falls beneath $0.15, the bullish forecast may very well be invalid.

Nonetheless, if it would not drop additional, DOGE might ship increased. In a extremely bullish case, Dogecoin might commerce above $0.21.

WIF

At press time, WIF surpassed its all-time excessive. Regardless of the worth enhance, the RSI confirmed that WIF was not overbought. In line with the 4-hour chart, the RSI worth was 62.95, indicating good shopping for momentum for memecoin.

If shopping for momentum continues to construct, then the worth of WIF might proceed to rise. If that is the case, WIF can climb to $3.

Nonetheless, Chaikin Cash Move (CMF) has fallen into adverse territory. If the CMF had been constructive, this is able to imply a rise in capital circulate, which ought to result in a better worth.

A adverse CMF worth subsequently meant that market individuals had been withdrawing liquidity from the WIF. If capital flows again, then WIF’s rise to $3 may very well be confirmed. If not, the worth may very well be between $2 and $2.50.