Top Three Meme Tokens To Buy Before Uptober

SPONSORED POST*

The price charts for DOGE and SHIB have signaled bullish patterns. Shiba Inu coin, in particular, has moved from its long-term channel as technical indicators lean towards a bullish short-term outlook. On the other hand, Dogecoin has reclaimed critical support around the $0.11 mark. If it breaches above this point, DOGE could easily double its value.

Meanwhile, Cutoshi is taking the presale world by storm as hype grows around its remarkable potential to disrupt the DeFi and meme coin sectors. Experts believe this new meme coin could replicate the 2021 SHIB market charts. Let’s find out how!

Cutoshi Impressive Presale Milestones

As a DeFi hub fueled by a strong community, Cutoshi combines the essence of the Chinese Lucky Cat with Satoshi Nakamoto’s core principles of blockchain technology. It introduces a vibrant ecosystem with superior features, including a multichain DEX, a hybrid protocol that enables the swapping of cryptocurrencies across multiple chains.

Another notable feature is Cutoshi farming, which enables users to earn complimentary rewards. Holders will complete challenges and quests to earn points that can be redeemed for more CUTO tokens. 

At stage 2 of its presale, CUTO is sold at a modest price of $0.022. This represents a 46% ROI from its initial offering of $0.015. With strong fundamentals and built-in token scarcity, experts now believe CUTO has room for more breakout rallies pre-launch, presenting an intriguing opportunity for investors to capitalize before its price soars further.

Shiba Inu Price Bounces Off Its Ascending Parallel Channel

Shiba Inu’s price formed along lower wick after bouncing off in the middle of an ascending parallel channel. This caused it to break out from the $0.0000145 horizontal area, clearing a descending resistance trendline formed for the last 196 days. The breakout suggests that the correction phase is over. The price of Shiba Inu is now moving outside its long-term channel, potentially concluding the positive price action signs.

Notably, Shiba Inu’s technical indicators align with the bullish price action. After the Shiba Inu token broke out, the relative strength index (RSI) moved above 50. Moreover, the moving average convergence/ Divergence (MACD) has formed a bullish cross, indicating that SHIB weekly price action and indicator readings are bullish. If Shiba Inu continues this bullish momentum, it will face the next resistance around the $0.0000310.

Source: TradingView

While the weekly price chart and technical indicators suggest bullish momentum, Shiba Inu’s intraday chart is somewhat unclear. This is because of Shiba Inu’s wave count, which suggests a bearish long-term outlook but a bullish short-term one. 

Dogecoin Price Repeat History

Dogecoin is another meme coin investors are accumulating this October. Dogecoin’s price lit up again after Spirit Blockchain Capital acquired Dogecoin holdings― a key player in the development and maintenance of the DOGE ecosystem. This partnership will bring substantial advancement to both entities. The bullish Dogecoin news triggered a 2.25% rally on its intraday charts.

Beyond that, Dogecoin technical indicators suggest that the meme coin has broken out of a multi-year descending triangle, a pattern that has triggered massive breakout rallies in the past. A well-known analyst, Ali Martinez, indicates Dogecoin will replicate its 2015 price trajectory. The chart highlights that the meme coin will surge by 200% but will retrace by 60%. After this price correction, the parabolic bull runs will follow.

If history were to repeat itself, the price of Dogecoin would soar significantly. Since there is no selling pressure resistance level, the DOGE token could rally above the $0.17 mark. Notably, the declining trading volume signals a decreasing interest and liquidity, stabilizing the market. As such, Dogecoin is another crypto asset alternative that drives capital growth.

Which Meme Coin To Buy?

As Dogecoin and Shiba Inu stretch out their value amid market volatility, Cutoshi provides the freshest opportunity to garner massive returns. Its built-in scarcity will ensure long-term value appreciation, positioning itself to replicate the price trajectory of popular meme tokens like DOGE and SHIB.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com

Join and become a community member: 

https://t.me/cutoshi

*This article was paid for. Cryptonomist did not write the article or test the platform.