With the price volatility in the crypto market recording a new high, the Bitcoin price has successfully surpassed $63k with an intraday gain of 5.13%. Following this, the memecoin market cap crossed the $41 billion mark for the first time in about a month. In this article, we uncover the top 3 memecoins that have the potential of going big during the coming bull run.
Dogwifhat (WIF)
After displaying a neutral action for a brief period, the Dogwifhat price has surged 16.01% in the past 24 hours with a volume of 309,221,093 WIF tokens worth $460.68 million. Further, it is on the verge of testing its important resistance trendline. The Moving Average Convergence Divergence (MACD) displays a rising pattern with its averages experiencing a bullish convergence in the 1D time frame. This highlights an increase in the price action for the meme coin in the market. Suppose, the bulls break out of the triangle pattern, in that case, the WIF price will prepare to test its resistance level of $2.10. However, a rejection could pull this memecoin toward its support trendline of the trend pattern.
BOOK OF MEME (BOME)
The BOME price records a jump of 13.33% over the past day with a high of $0.006787. Despite trading at a discount of over 76% from its All-time High, the BOOK OF MEME price has rewarded its long-term investors with a return of 637.01%. With the support of its average trendline, the RSI indicator has recorded a sharp rise in its chart. This has resulted in it breaking out of its neutral point in the 1D time frame. Further, this indicates an increase in bullish sentiment for the BOME memecoin in the crypto space. If the bulls continue to gain momentum, the BOOK OF MEME price will breach its resistance level of $0.0075 and head toward its upper high of $0.0110. On the flip side, a bearish action could result in it plunging toward its crucial support of $0.0055 this month.
Bonk (BONK)
The Bonk price finds support at its support level of $0.0000150. This indicates a strong bullish support for the memecoin at that level. Moreover, with the ongoing market recovery, it has surged ~9% in the past 24 hours and has rewarded its investors with a YTD return of 33%. The technical indicators MACD and SMA have both recorded an increase in the bullish action. This indicates a positive outlook for the Bonk price in the cryptocurrency market. If the bulls regain momentum, the BONK coin price may prepare to test its resistance level of $0.00002125 in the coming time. Conversely, if the bears regain power, this Solana-based memecoin may test its low of $0.0000150.
In conclusion, the memecoin market shows potential for growth under favorable conditions. Dogwifhat, BOOK OF MEME, and Bonk are cryptocurrencies that could see significant gains in the upcoming bull market. It is important to remember that investments in crypto assets come with high risks and require thorough analysis.
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