bullish

PEPE

Shiba Inu

Trillion

<p>The post <a href="https://coinpedia.org/price-analysis/must-buy-top-5-meme-coins-as-crypto-market-reclaims-2-trillion/" rel="noopener noreferrer nofollow">Must Buy Top 5 Meme Coins As Crypto Market Reclaims $2 Trillion</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the overnight surge in the crypto market, Bitcoin bounces back above $61K, and Ethereum is on the verge of hitting $2700. With a boost in top coins, the crypto market surpasses the $2T market cap and increases investors’ risk appetite. This is evident with the surge in meme coins and other community-based segments.&nbsp;So, let’s take a quick look at the top 5 meme coins you must buy as the market recovers to make massive returns.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="h-top-5-meme-coins-to-buy-dogecoin-doge">Top 5 Meme Coins To Buy: Dogecoin (DOGE)</h2>
<p>As the segment leader and the OG meme coin, Dogecoin is where it all started. Ranking amongst the top 10 cryptocurrencies per market cap, DOGE trades at $0.1055 and has a market cap of $15.34B.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe7kFf9RgjVkJTJr1pgLD4TPbG6bRBs8PiumhBzgCTys4ilvSQE898kt_XUU-6zmrRJOfqfalQtp0CuHkQDqfiPyXujdZmIbP7oB2h9j56pjhsQrwmSJ9LAaBzJpD_A8vrCvkQxUeQzjqkIhV8aUHQ09HRY?key=iw1eZiIV4dEbxnBpaZ3SEA" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/zARY5yuY/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>Rising from a long-coming support trendline, DOGE starts a bull run in a falling wedge pattern. With a morning star pattern, the meme coin reclaims the $0.10 psychological mark and makes a bullish engulfing candle of 12% long.&nbsp;</p>
<p>With increased breakout chances, Dogecoin can reach $0.27, a 160% surge from the current market price.&nbsp;</p>
<h2 class="wp-block-heading" id="h-shiba-inu-shib">Shiba Inu (SHIB)</h2>
<p>Shiba Inu, the second biggest meme coin, clearly outlines a falling channel pattern and faces a pullback testing the crucial support trendline. However, a strong rejection from the $0.00010 psychological level saw buyers stepping in to assert control.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf2CbNvAy6WLMt1mZVNRBVE_diWO3oZ8RVm97cAF0Y-mQ3G8OrCAyJhjhZqIT0mNbDh_ytgcZbbNORPKkq7vYQ2nWamJd0YyxLxRu0m0pwSbCoSLyUZpIhJKuYB8ncrG3IdB3V-Py80EpPcRcUzN0ghOSyz?key=iw1eZiIV4dEbxnBpaZ3SEA" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/qNWBFI0S/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>With the broader market recovery, SHIB bounces back with a bullish engulfing candle, spiking 11% intraday. Currently, the meme coin trades at $0.00001410, experiencing a slight retracement of 1.54% after last night’s rally.&nbsp;</p>
<p>According to Fibonacci levels, breaking through the overhead trendline is the key to a sustained upward movement. A successful breakout could signal a significant price run, with bulls eyeing the 50% Fibonacci level at $0.000022 or even the 61.80% level at $0.000030 if the momentum continues.</p>
<h2 class="wp-block-heading" id="h-bonk-bonk">BONK (BONK)</h2>
<p>As meme coins lead the charge in the crypto bull run, BONK, a Solana-based contender, is quickly becoming a favorite. Boasting a market cap of $1.429 billion, BONK has seen a meteoric rise since its launch.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe_xyOj8ijcG_9OvyTbrZwC-gBKOleoiQ9iZlxbwRSi-TDtq2kK1SwDbvv4CZLbztS8Ai6lpFuBvQQ_bZydoYhk5ezGN0jnNiAmP_GZmf_mhIVAJGjtfhaV48OYyPh23uUAkGrUpK9eacnWPyVjzpBU8Gho?key=iw1eZiIV4dEbxnBpaZ3SEA" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/8vXeIjXo/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>On the daily chart, BONK has weathered the recent market downturn, with buyers firmly holding the line at a key support trendline. Now, as the bull cycle gains traction, a breakout above the overhead resistance could propel the meme coin price to $0.000042, signaling a significant move upward.</p>
<h2 class="wp-block-heading" id="h-pepe-pepe">PEPE (PEPE)</h2>
<p>PEPE, the biggest frog-themed meme coin, shows an exponential bull run since inception. With a year-to-date growth of almost 600%, PEPE maintains a strong bullish ground.&nbsp;</p>
<p>However, the recent correction became intense, with the loss of $0.000010 in psychological support and the 200-day EMA. Nevertheless, PEPE’s decline found a foothold at the descending support trendline.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXffJnYMwekjNzXT6nXLXBY67S9g22f8JVLM9KRbUwFUhb11qiXXfn1z2L5cLsOZFvAMU8EXIxEt8A38Yel4vYqjlJUmyd-z1JbINhtRGASgytYIn5SZniJpWCRtgTPuT-f1ng2WBvwqYa1waZ2cHfNb_p8?key=iw1eZiIV4dEbxnBpaZ3SEA" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/c4wwLin1/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>As the broader market begins to rebound, meme coins like PEPE are regaining momentum. With an intraday gain of 18.96% forming a bullish engulfing candle, the meme coin prepares a high-momentum bull cycle for a trend reversal.&nbsp;</p>
<p>The uptrend may soon challenge the overhead trendline at $0.00001047. A bullish breakout above this psychological level and the resistance trendline could trigger a rally to $0.0000166.</p>
<h2 class="wp-block-heading" id="h-dogwifhat-wif">Dogwifhat (WIF)</h2>
<p>Dogwifhat (WIF) navigates a bearish path trend in the daily chart as it forms a bearish wedge pattern. The bearish sentiment influences an intense correction; however, the bullish dominance at $1.26 results in a quick reversal.&nbsp;</p>
<p>The meme coin shows a triple white soldier pattern, resulting in a price jump fo 51% and ready to surpass the $2 mark.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcXv4-qqQIcZhL4VpMiKlRZChX3pKlff6NLkoEnxbFLb1hW7zUj2FwjZdaxJoyUn_fT8ddYUt7cj7vj1acAX-V4rMPOYAV-tSNr7V30-QMrSvvhwFKS79ElBsojtwNefQwTAa1jqnsArQLE1ExIw8XxMwgx?key=iw1eZiIV4dEbxnBpaZ3SEA" alt="Must buy meme coin WIF price chart">
</figure>
<p><a href="https://www.tradingview.com/x/J5TS803l/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>As the bullish momentum gathers steam, a breakout could propel WIF toward the $3.40 mark. Thus, the meme coin offers an impressive upside potential of 103% in the coming weeks.&nbsp;</p>

Must Buy Top 5 Meme Coins As Crypto Market Reclaims $2 Trillion

Table of Contents

CoinPedia News

Other articles published on Aug 9, 2024

SEC Investigates Crypto Venture Firms

Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027

Crypto Executives Meeting with White House Takes Place to Promote New Law

Solana (SOL) Prediction for August 9

Ethereum (ETH) whales and retail stakers cause growing queue for withdrawals

Trump vs Harris 2024: Harris Soars as Trump’s Meme Coins Plummet

Join our free newsletter for daily crypto updates!