Top Meme Coins With Huge Potential: DOGE, SHIB, PEPE, BONK

The top meme coins with huge potential are Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK). Only Dogecoin has secured its spot among these meme coins in the top 10 cryptocurrency markets. These coins traded below the key moving averages, indicating a bearish market.

DOGE Price Shaped a Falling Wedge Pattern; What’s Next?

Dogecoin crypto traded at $0.0942 at the time of writing, increasing by 1.89% in an intraday session. Its market capitalization was $13.74 Billion, ranking 8th in the cryptocurrency market. The 24-hour trading volume was $797.50 Million, with a gain of 62%.

A breakout from the wedge pattern might work as a spark for a bullish move. If the price smashes the 200-day EMA, buyers may lift the price to the last swing high.

Based on the technical chart, the DOGE price has declined by forming lower and lower lows. The price has reached the last swing low and is trading below the 20-day EMA, which could attract sellers for a new lower low.

Suppose the Dogecoin price loses the major support level of $0.0770, selling pressure can likely be strong. This might tempt the bears to go with a new all-time low once the price slips below this level.

Turning to the technical indicators, the MACD has triggered a death crossover with the signal line. The signal line wandered in the negative territory, and the histograms flipped to red, indicating the bearish forecast.

BONK Price Slipped Below Main Trendline; Let’s Explore

According to the technical chart, the BONK price has dropped below the major trend line. A death crossover has been generated between the key moving averages.

An immediate bounce back from this level would become a fake breakdown, likley trapping most sellers. After the liquidity grab, strong buying pressure can be anticipated.

Sellers may dominate further if the Bonk crypto price is below the trendline. As we can see, the cryptocurrency market is bearish, which might negatively impact the Bonk price.

SHIB Crypto has Witnessed a Correction of 70%; Could It Rebound?

The technical chart suggested that the Shiba Inu price has undergone a correction phase of over 70%. It has witnessed a slow and steady fall for the past few months and failed to exceed the 20-day EMA.

Moreover, the price over the 200-day EMA could invite buyers for the long term, and trading volume may also play a vital role. Suppose the digital asset price smashes the $0.0000300 hurdle; investors might be attracted.

As per the chart structure, the SHIB price was trading at the last swing low. It would be a bearish signal if the sellers drag the price below this mark. Here, sellers may be tempted to achieve this year’s low.

PEPE Price at Major Support Level: Can It Rebound to ATH?

The Pepe crypto price has formed a descending triangle pattern on a daily time frame. Since March, the price has defended the major support level of $0.00000650.

If the Pepe price triggers a breakout from the triangle, the price may gain bullish momentum. The bullish trend in PEPE crypto may disturbed near the $0.0000130 mark. Smashing this level might witness a strong bullish trend and extend to a new all-time high.

Alternatively, most investors may prefer to book profit if the Pepe price starts trading below the $0.00000650 level. This could lead to strong selling pressure and drag the price to the bottom.

Top meme coins with huge potential, including Dogecoin, Shiba Inu, PEPE, and Bonk, have risen due to bearish market sentiment. Bitcoin has undergone a correction phase, negatively impacting all the altcoins. These coins have lost the key moving averages, demonstrating the sellers’ domination.