Ethereum

bullish

POPCAT

The post <a href="https://coinpedia.org/price-analysis/meme-coins-with-high-returns-potential-in-the-next-bull-run/" rel="noopener noreferrer nofollow">Meme Coins With High Returns Potential In The Next Bull Run&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With Ethereum facing the threat of a downfall under the $3,000 mark, the altcoins could find a similar threat. Amidst such increasing pressure, the bull run in the meme coins is under threat as the selling pressure grows.&nbsp;
However, some meme coins are anticipated to make a quick comeback if the broader market recovers. So, let’s take a closer look at such meme coins to find out the next buying opportunity.&nbsp;
<h2 class="wp-block-heading" id="h-meme-coins-to-buy-under-correction-popcat-popcat">Meme Coins To Buy Under Correction: Popcat (POPCAT)</h2>
With a declining trend in the daily chart, the bearish trend in the POPCAT continues below the support trendline. As the downfall continues with a lower high formation, the meme coin breaks below the $0.70 mark.&nbsp;
Currently, the BONK price trades at $0.6584, and its market cap of $657M is down by 16% this week.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcxVBYP5TD6ny7jcIUI25KXcWvdMlHNQK9L3CjiRCWsiUYzjDz6RmVWe1w0ASn1JX-yt-k6_sqsCjDRPZP2JPa15S94xiu_IN6HrNffsoJ0Oh4CBYjxparVx_RqThZumjp6yb7v8GLzBxstByx77AN5oUSJ?key=dlSuLgtoja7EHdBt08vYIQ" alt="">
</figure>
<a href="https://www.tradingview.com/x/piboUUZ2/" rel="noopener noreferrer nofollow">Tradingview</a>
However, the recent price surge to retest the lost $0.70 level resulted in a bullish crossover in the MACD and signal lines. Further, the bullish surge in the RSI line tests the 50% line, reflecting a boom in demand.&nbsp;
Considering the bull run continues, the meme coin could reclaim the lost $0.085 mark.&nbsp;
<h2 class="wp-block-heading" id="h-bonk-bonk-nbsp">BONK (BONK)&nbsp;</h2>
With a symmetrical triangle pattern in the daily chart, the BONK price tests the support trendline. However, the lower price rejection in the recent candle teases a bounce back. Although the intraday price fall accounts for 5.84%, the buyers attempt to absorb the incoming supply.
Currently, the BONK price trades at $0.000023 with a market cap of $1.629B. Further, the meme coin is down by 17% this week.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXey-wvzLcHwDgaEgdSFKrspkZH15qpp0ieIstQ0G069W1k9P6Z3BVO9DmpWNAC_3mkkg1E1HcBGFymfmpqwR8iUeJhvSod23LjFCrFbFfKXWA8qw1rQESkWdVPZZIqqPb2iLEj5B5mVa_w3JIcM9ro1wFRi?key=dlSuLgtoja7EHdBt08vYIQ" alt="">
</figure>
<a href="https://www.tradingview.com/x/rnh418gX/" rel="noopener noreferrer nofollow">TradingView</a>
With a potential upcycle within the triangle pattern, the BONK price could reclaim the $0.000025 mark. If the broader market recovers, the buyers can undermine the MACD and signal lines bearish crossover.&nbsp;
Optimistically, the bullish breakout of the triangle pattern could surpass the 50% Fibonacci level at $0.0000342440. According to the Fibonacci levels, the uptrend in meme coin price could reach the 1.618 Fib level at $0.000063, a 170% surge from the current price.&nbsp;

Meme Coins With High Returns Potential In The Next Bull Run

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