Shiba

Bitcoin

Dogecoin

Bonk

Shiba Inu

The post <a href="https://coinpedia.org/price-analysis/top-meme-coins-enter-a-bull-run-doge-shib-and-bonk-price-analysis/">Top Meme Coins Enter A Bull Run: DOGE, SHIB, and BONK Price Analysis</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the Bitcoin price touching the peak of $52,000 after almost two years of blackout, the markets are moving like a bullet train from Japan. Amidst such recovery, the meme coins are the exciting sector with breakout opportunities.&nbsp; 
Further, known for their sharp, volatile jumps, the top meme coins are closely followed by investors ready to catch the breakout run. With the potential for triple-digit jumps in a matter of weeks, let’s have a look at the Top Meme Coins, which are Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK). 
<ol> 
 <li>Dogecoin (DOGE)</li> 
</ol> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/-pqBzx0W5UZYfiLnat0VHsJguhYLcaqIax6GYNqrHM8TN5UXdIWh9rFtQGZe3RQsrAVip2SE0p_qikdHPV7pMpCEq4dvHZ6_eDVaCXr-GRUFlKHHWovsnLHUsmeVaGDJs2M6asv6D-KlT8JvcmCMQBs" alt="">
 <figcaption class="wp-element-caption">
 Source – <a href="https://www.tradingview.com/x/b8a4KVvD/">TradingView</a>
 </figcaption>
</figure> 
With a bullish breakout of a resistance trendline, the DOGE price trend is ready for a bullish reversal. The spike in trading volume supports the breakout event projecting a sharper move for for Dogecoin.&nbsp; 
Moreover, the DOGE price jumps almost 11% in the last two weeks, resulting in bullish engulfing candles. Further, the price jump exceeds the 38.20% Fib level, teasing an uptrend continuation.&nbsp; 
Currently, the DOGE price trades at $0.08630 with an intraday move of 0.95% jump. Despite the higher price rejection in the daily candle, the weekly momentum could push the DOGE price higher to $0.10 this month.&nbsp; 
<ol start="2"> 
 <li>Shiba Inu (SHIB)</li> 
</ol> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/QYQHwpAwO7XgyEi6eYnUcszMBYQ9bHdjHuyUEXcsnJkvQOBaQwSlue_mzFvCQujeBp8zb5lJGLqNJOAhXzhGg5fIGV3oHbZHBHP8cXuA3PjX2zTvpUz30nFPYTeW7nLj8GvgGznbrwZ5cMXsr21rY4M" alt="">
 <figcaption class="wp-element-caption">
 Source – <a href="https://www.tradingview.com/x/iXOozjkE/">Tradingview</a>
 </figcaption>
</figure> 
Being the second biggest meme coin per market cap, the SHIB price signals a positive sign in the weekly chart. Hampering the continuation of Lower high formations, the Shiba Inu projects a potential breakout trend for a bullish reversal.&nbsp; 
With a cup and handle pattern breakout, the SHIB price challenges the psychological neckline at $0.000010. Approaching the upper line of Bollinger bands, the 10% jump in the last ten days signals a seismic shift in underlying sentiments.&nbsp; 
Considering the buyers sustain the momentum, the SUIB price can start a new run above $0.000010. Further, the bounce back from the 50-week EMA adds brownie points to the bullish side.&nbsp; 
Optimistically, the Shiba Inu price jump can scale to $0.000015 in the coming weeks and ignite a new higher high formation. 
<ol start="3"> 
 <li>BONK</li> 
</ol> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/JcyDhcMiLzRoXWf-CDh-V2bW1tKnIGfjPSF7cf9SQv2PbH6V8nwC0bc3trS8t8ODyjpmg0fdXmkIdftsR8gS-NJmZTOKu1o7IsJl1AY2d9y7aw_Tb57CKmqkvc8HLmbYRscSM__mboRHg84nALHutaQ" alt="">
 <figcaption class="wp-element-caption">
 Source- <a href="https://www.tradingview.com/x/Huaz6aN8/">TradingView</a>
 </figcaption>
</figure> 
Finding a solid ground at 61.80% Fibonacci retracement level, the BONK price concludes the pullback phase. With the bullish reversal cracking the overhead resistance trendline and the 50-day EMA, the meme coin is ready for a bull run.&nbsp; 
Challenging and stretching the upper band of Bollinger bands, the uptrend approaches the 38.20% Fibonacci level. Coinciding with the psychological mark of $0.000015, the uptrend is up against a solid line of supply.&nbsp; 
Further, the double bottom breakout signals a trend reversal for the meme coin. Considering the buyers manage to surpass the 38.20% Fib level, the BONK price can shoot up to the previous peak at $0.000025.&nbsp;&nbsp; 
In conclusion, the Top Meme Coins are ready to skyrocket with a breakout rally and teases a sharp jump in the coming weeks.&nbsp;

Top Meme Coins Enter A Bull Run: DOGE, SHIB, and BONK Price Analysis

CoinPedia News

在 2024年2月15日發表的其他文章

Initial List of Partner Sponsors, Exhibitors, and Speakers Announced for Upcoming Hong Kong Web3 ...

Indonesia chooses crypto-friendly leaders in landmark election

Bitcoin Price Dynamics and Market Trends

Robinhood’s Q4 Report Raises Concerns Over Young Investors Trading

Sizzling GambleFi Token TGC Hovers Around $70m Market Cap, Player Wins $100,000 From $10 Bet

Ethereum Poised to Surge Towards $3,000 as Bitcoin Holds Above $51k

訂閱免費電子報，每天收取加密貨幣最新動態！