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

47% of All Ethereum Acquired at This Price Level

Japan's financial regulator urges caution on crypto-ETFs

Airline Cargo Sees 7% Cost Reduction & Efficiency Boost with Blockchain

SEC Investigates Crypto Venture Firms

Mario Mosböck Partners With CoinPoker to Build the Best Online Poker Site, Showcasing PoR on the ...

Crypto Price Analysis August-09: ETH, XRP, ADA, BNB, and SOL

Join our free newsletter for daily crypto updates!