Bitcoin

Memecoin

With Bitcoin’s price close to $64,000, memecoins have recently lost momentum and seen significant corrections. This decline presents a good opportunity for investors to buy more altcoins at lower prices, as the crypto market approaches its next bull cycle.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2c3f77565a574b99b861353c39b9a595.png" />If you’re thinking about adding more memecoins for the upcoming bull run, check out this article where we highlight the top two memecoins that could lead the rally in the coming months.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a8bf99ce4eb948e6a57d8ff3db7bb43a.png" /><h3 id="wif-price-faces-bearish-pressure-amid-recent-declines">WIF Price Faces Bearish Pressure Amid Recent Declines</h3>The WIF price has been under significant selling pressure, recording six out of seven red trading days and reflecting a growing bearish sentiment in the market. In the past 24 hours, WIF has dropped by 8.43% and has struggled to maintain its value above the key support level of $2.10.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f453fe61b3db43ed93ebeccc91a58454.png" />TradingView: WIF/USDTThe Moving Average Convergence Divergence (MACD) indicator shows a continuous rise in the red histogram, with bearish convergence on the 1-day time frame. This trend suggests a negative outlook for Dogwifhat (WIF) in the near term.If the market manages to push the WIF price above its resistance level of $2.10, the bulls could regain momentum and potentially test the upper resistance level of $3.05. Conversely, if the bearish trend persists, WIF may decline towards its crucial support level of $1.24.<h3 id="book-of-meme-price-analysis-and-predictions">BOOK OF MEME Price Analysis and Predictions</h3>Despite a recent 8.43% correction over the past 24 hours, the BOOK OF MEME (BOME) price has surged 8.71% over the past week and boasts an impressive YTD return of 892.89%. With a market capitalization of $623.27 million, BOME currently holds the 99th position in the global cryptocurrency rankings.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a8bf99ce4eb948e6a57d8ff3db7bb43a.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b27a44ee195c498bbcc33aa2905bc181.png" />TradingView: BOME/USDTTechnical indicators suggest a mixed outlook for BOME. The Relative Strength Index (RSI) shows a sharp decline toward its neutral point, signaling increased selling pressure compared to buying. Additionally, the Simple Moving Average (SMA) is approaching a bearish convergence, which may lead to further loss of momentum for the memecoin.<a href="https://cryptosheadlines.com/trumps-keynote-at-bitcoin-2024-what-to-expect/" rel="noopener noreferrer nofollow">Also Read: Trump&#39;s Keynote at Bitcoin 2024: What to Expect</a>If a bullish reversal occurs, BOME may test its resistance level at $0.0110. Should the bulls maintain the price at this level, the memecoin could further challenge its upper resistance of $0.0151. On the other hand, if bearish trends continue, BOME may drop to its crucial support level of $0.007525.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/15c35c8c3e384396895ad8069ac52910.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>

Top Memecoins to Watch for Big Gains in This Bull Run!

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