NEAR Protocol
Bitcoin
Puffer
Hyperliquid
ZKsync
Pudgy Penguins
Pearl
- Nowadays, memecoins theme are in focus and outperforming the market.
- Investors are showing their interest in these newly launched crypto assets.
From the beginning of 2024, memecoins were in the eyes of investors and significant buying interest was noted. Amidst the crypto market correction and bear cycle, these memecoins did not halt the bull run and continued to emerge gains.
These memecoins were popular for fast profit in the short term and rallied massively in the past weeks.
Here is the analysis of some altcoins which were looking perfect and ready to blast gains in the short term.
Shiba Inu: Breakout Done, Poised For Sharp Rally Ahead
Shiba Inu (SHIB) has registered a breakout and fled the trendline hurdle of $0.00002500. Afterward, the memecoin has gained momentum and overtaken the key moving averages.
The key metrics have turned bullish and suggest that SHIB might blast the gains and will outperform in the upcoming sessions.
At press time, the Shiba Inu crypto (SHIB) price traded at $0.00002712 with an intraday gain of 1.76%, reflecting buying momentum on the charts.
Dogwifhat: A Must Pick, Eyeing Its ATH Mark To Reclaim
Recently, the WIF coin has registered a symmetrical triangle pattern breakout and picked bullish momentum. The price action signifies an uptrend and the memecoin is well poised to retest its ATH mark soon.
Source: TradingView
Dogwifhat price trades above its key moving averages and reflects strong buying volume surge over 23% in the past 24 hrs.
The RSI curve spiked to the overbought zone and reveals that the memecoin is ready for a solid upmove in the next sessions.
BONK Looks Promising, Will It Sustain Gains On Top?
The Bonk (BONK) crypto has registered a rounding bottom formation breakout and trades in the bullish trajectory. This month, the memecoin showed a massive rise over 110% and gave a surprising up move.
The BONK crypto is eyeing to overtake its ATH mark of $0.00004704 and buyers have held the momentum.
Source: TradingView
The trend is bullish and the key metrics are highlighting that the memecoin is riding gains and is floating with the bullish course.
Additionally, the BONK crypto might continue to stretch the up move and will continue to outperform in the upcoming sessions.
FLOKI Reached Supply Region, Can It Skyrocket Gains Ahead?
The Floki Inu (FLOKI) price has revealed a sharp rise over 45% this week and retested the supply region of $0.0003000, but failed to cross and hovered near it.
Buyers have looked confident and looking to cross its ATH mark of $0.0003080 to skyrocket gains in the next sessions.
Source: TradingView
Recently, the memecoin has registered a range breakout and sharply exceeded gains in the last trading sessions.
The MACD and RSI indicator reflected a bullish crossover and suggests that FLOKI has a potential to skyrocket gains in the next sessions.
Should You Buy These Memecoins At Current Price Levels?
Amidst the recent outperformance, these memecoins have given an impressive upmove and rallied in the past months. However, analysts still guided their positive view and suggest that these memecoins still have much more upside to surge ahead.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
