Shiba

Bitcoin

FLOKI

Shiba Inu

Reversal

The post <a href="https://coinpedia.org/price-analysis/shibas-reversal-hints-a-new-all-time-high-in-these-meme-coins/" rel="noopener noreferrer nofollow">Shiba’s Reversal Hints A New All-Time High in These Meme Coins!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
A fresh breeze of bullish recovery is visible within the top, and trending meme coins as Bitcoin resurfaces above $63,000. With the WIF and FLOKI token price surge leading the segment, the second biggest meme coin, Shiba Inu, teases a trend reversal.&nbsp;
Will the broader market reversal fuel the next moonshot rally in meme coins in July? Should you consider buying these top meme coins before the bull run begins? Let’s take a closer look at the price charts for a detailed analysis.&nbsp;
<h2 class="wp-block-heading" id="h-wif-price-reversal-with-channel-break-eyes-5">WIF Price Reversal With Channel Break Eyes $5</h2>
With a bullish reversal, the WIF price undermines the breakdown of the crucial demand zone at the $2 psychological mark. Further, the meme coin has jumped by almost 50% in the last seven days.&nbsp;&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdR9w2W1aSV_0XKlf6dX_VvpZa7w8PT1KukKqvrUJRw0bSL55ECNNm2EktIRsamFspkGhN9KyxM26nXoFowrdiQwUx2egfe2hZZTD51sIJDCx6tWFIf_HObJVjewKnAa_BWIjYi-YCJXPxjCuyVT5fhBhZv?key=0H5Et14G0ZgWMtFqtOLhCw" alt="">
</figure>
<a href="https://www.tradingview.com/x/ebdpqeeQ/" rel="noopener noreferrer nofollow">Tradingview</a>
Further, the bullish reversal marks the end of the correction phase within a falling channel pattern. As the meme coin gains momentum, the Fibonacci levels hint at an extended uptrend if the buyers surpass the 50% level at $2.43.
Considering the bullish momentum sustained with the broader market uptrend, the WIF price might create a new all-time high in July. Surpassing the $4.58 mark, the $5 psychological milestone seems a suitable target.&nbsp;
<h2 class="wp-block-heading" id="h-floki-meme-coin-delays-trend-reversal-from-200d-ema">FLOKI Meme Coin Delays Trend Reversal From 200D EMA</h2>
Fllowing the massive drop in the market price, the FLOKI token undergoes an accumulation phase at the 200D EMA. This marks a sideways shift after the downfall at a crucial support teasing a ptoential comeback rally.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdtlf4dYqK2fUAZnlm1B5xggnP1mn98aK8Aim5hDfhIqriYLRFtHCKKOCKfaS_8DZedvL1lZsZailuyRDxVb3zChtghjD0TFgonXnnraRuzTgOG8xC8YzbEeoXFZgPKFeErEAwSpSXMoyTX2PhhnaklPRVc?key=0H5Et14G0ZgWMtFqtOLhCw" alt="">
</figure>
<a href="https://www.tradingview.com/x/nxrgMbVe/" rel="noopener noreferrer nofollow">Tradingview</a>
However, the anticipated double bottom reversal is delayed with minor recovery candles near the $0.00015 mark. As per the trend-based Fibonacci levels, the meme coin trades below the 23.60% level with a looming death cross between the 50D and 200D EMA.&nbsp;
Nevertheless, a potential bullish turnaround with a boost from the crypto market recovery can pump the FLOKI price. The uptrend can find $0.00030 or $0.00040 as potential targets in July. However, a bullish breakout of the all-time high can catalyse the bull run to the psychological mark of $0.00050.
<h2 class="wp-block-heading" id="h-will-the-second-biggest-meme-coin-jump-108-in-july">Will The Second Biggest Meme Coin Jump 108% In July?</h2>
With a declining trend at play, the short-term sentiment is filled with a bearish dominant view for Shiba Inu. However, with a market cap of $10 Billion, it stands as the second biggest meme coin.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeSW6XUokRp_6yZwnp09Njfm622IgeVAKJiQx4ckuHFejl12m41iMQFaANBXyeaOg630RTcl5rFbH1_G53vu52qbXwtJf9RfvjZQakUvXUerbeQIYC7B1tzW4HPNfH_z8QvGPaNCBOm2UKZOJAWYXybPWIQ?key=0H5Et14G0ZgWMtFqtOLhCw" alt="">
</figure>
<a href="https://www.tradingview.com/x/TkLFqcxy/" rel="noopener noreferrer nofollow">Tradingview</a>
The downfall forms a falling channel pattern and warns of a death cross with the declining 50D EMA. Currently, the SHIB price avoids a downcycle to the declining trendline and forms an accumulation range at the $0.00001600 mark.&nbsp;
With an early reversal in the negative cycle, the bull run in Shiba Inu can result in a breakout rally. In such a case, the meme coin surpasses the 52W high of $0.00003584 and potentially hits the $0.000050 mark this month.&nbsp;

Shiba’s Reversal Hints A New All-Time High in These Meme Coins!

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