dogwifhat

BOOK OF MEME

MEME

The post <a href="https://coinpedia.org/price-analysis/memecoins-hints-bullish-move-solana-based-tokens-to-outperform-top-altcoins-in-may/" rel="noopener noreferrer nofollow">Memecoins Hints Bullish Move! Solana-based Tokens To Outperform Top Altcoins In May?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto industry continues displaying a mixed price sentiment amid increased volatility among the top crypto tokens. Positively, the market leader, BTC, has reclaimed the $62K mark within the past day, resulting in the market experiencing a positive inflow in its digital assets.
However, the memecoin category has displayed a strong bullish reversal by adding significant valuation to their respective portfolio. Furthermore, top meme tokens added approximately 10% each within the past seven days, indicating a bullish outlook for these tokens during the upcoming week.
<h2 class="wp-block-heading" id="h-dogwifhat-wif">dogwifhat (WIF):</h2>
After trading under a bearish influence for the past month, this Solana-based memecoin has recorded a bullish jump by adding approximately 16% within the past two days. Moreover, the <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/" rel="noopener noreferrer nofollow">WIF price</a> has formed a symmetric triangle pattern in the 1D time frame and continues to trade within it.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/2ugULLAg2pbNrL1xzeJJzmXeXPMkqw7N6DncnJKJIPn-RYKXZtC8MZMfZpcz1j5BIg8L80oOFB8rGcHf4PnzClYbo6i5R1wyTdnRzrWkg0F_SaHPYUu3Ot6CqqhXT2H2UpxBQAEShQrjwH7fWhffDAo" alt="WIF Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: WIF/USDT
 </figcaption>
</figure>
Moreover, the <a href="https://markets.coinpedia.org/dogwifhat/" rel="noopener noreferrer nofollow">dogwifhat price</a> is on the verge of testing its resistance trendline, the outcome of which is uncertain. Positively, the Simple Moving Average (SMA) supports the price action, highlighting a strong bullish influence in the crypto space.
The MACD displays a constant green histogram in the 1D, hinting at an increase in the buying sentiment within the crypto space. Furthermore, the averages show a positive curve, suggesting the price will continue trading under a bullish influence during the upcoming week.
If the bulls break out of the resistance trendline, the WIF price will prepare to test its upper resistance level of $3.90. Negatively, a trend reversal could pull the price toward its support trendline in the coming time.
<h2 class="wp-block-heading" id="h-book-of-meme-bome">BOOK OF MEME (BOME):</h2>
The <a href="https://coinpedia.org/price-analysis/book-of-meme-bome-price-prediction-bome-memecoin-to-plunge-20-soon/" rel="noopener noreferrer nofollow">BOME price</a> has experienced a jump of 10.86% within the past day and has recorded a 24-hour trading volume of $248.162 Million, a change of +30.43% over the past day. Moreover, at the time of writing, its weekly gains stood at +23.71%, indicating a rising bullpower in the crypto industry.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/QUb7xbKmJAV3PoCnI5FP5XbzaR16IK4VpGuFVnaPfyQsOkMLovu62deDe4wtdstCpC_oXwfzm2xcVqgbuLyULYVTLEBmvoWpL5dBaWs1WdIyohXCl3cutRshygOpjRBXuhl5U7PIlW_Quhf5cAB3A5U" alt="BOME Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BOME/USDT
 </figcaption>
</figure>
The technical indicator, RSI, shows a constant rise toward the over-bought range, highlighting a strong bullish reversal in the crypto industry. Moreover, the average shows a bullish curve toward the mid-point, indicating a positive price sentiment for the BOME memecoin in the coming time.
If the market continues to trade under a positive sentiment, the <a href="https://markets.coinpedia.org/book-of-meme/" rel="noopener noreferrer nofollow">Book Of Meme price</a> will prepare to test its important resistance level of $0.0123 by next week. Conversely, if the bears gain control over the bulls, the price will plunge toward its lower support level of $0.00990 this month.

Memecoins Hints Bullish Move! Solana-based Tokens To Outperform Top Altcoins In May?

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