Shiba

FOMO

DeFi

Shiba Inu

<p>The post <a href="https://coinpedia.org/price-analysis/top-dog-themed-meme-coins-ready-for-the-breakout-season/">Top Dog-themed Meme Coins Ready for the Breakout Season?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the altcoin market gaining momentum, the DeFi and dog-themed memecoins are preparing for a moonshot. The underlying increase in meme coins reveals a surge in FOMO sentiments, potentially fueling the next stage of the bull run.</p> 
<p>Further, with the Bitcoin price back at $60,000, will meme coins reach new all-time high levels this week? Let’s look at these top coins for a 2x breakout run potential.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-top-meme-coins-to-watch">Top Meme Coins To Watch: </h2> 
<h3 class="wp-block-heading" id="h-dogwifhat-wif">Dogwifhat (WIF)&nbsp;</h3> 
<p>With a market cap of $1.518 billion, <a href="https://markets.coinpedia.org/dogwifhat/">Dogwifhat </a>shows a bullish trend ready to bounce back as the underlying sentiments improve. The downfall in the WIF price shows a double-bottom reversal near the $1.26 support level.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="485" src="https://image.coinpedia.org/wp-content/uploads/2024/08/22134801/WIF-Price-Analysis-22-aug-2024-1024x485.png" alt="WIF Price Analysis 22-aug-2024" class="wp-image-341373" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/22134801/WIF-Price-Analysis-22-aug-2024-1024x485.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134801/WIF-Price-Analysis-22-aug-2024-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134801/WIF-Price-Analysis-22-aug-2024-768x364.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134801/WIF-Price-Analysis-22-aug-2024-1536x728.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134801/WIF-Price-Analysis-22-aug-2024-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134801/WIF-Price-Analysis-22-aug-2024.png 1803w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Further, the meme coin shows a falling wedge pattern in the daily chart as the trading volume picks up. Currently, the <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/">WIF price</a> trades at $1.58 with an intraday move of 1.42%.</p> 
<p>The MACD indicator shows a bullish crossover, and the RSI line spikes up and is ready to hit the halfway line.&nbsp;</p> 
<p>If the bull cycle in the falling wedge gains momentum, the meme coin can reach the $3.50 mark. A breakout rally can result in a bull run to $5.</p> 
<h3 class="wp-block-heading" id="shiba-inu-shib">Shiba Inu (SHIB)</h3> 
<p>The second biggest meme coin in the crypto industry, <a href="https://markets.coinpedia.org/shiba-inu/">Shiba Inu</a>, shows a falling wedge in the daily chart. However, the bearish trend in SHIB price takes support at the $0.00001288 horizontal level, teasing a double-bottom reversal.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="485" src="https://image.coinpedia.org/wp-content/uploads/2024/08/22134902/SHIB-Price-Analysis-22-Aug2024-1024x485.png" alt="SHIB Price Analysis 22 Aug2024." class="wp-image-341374" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/22134902/SHIB-Price-Analysis-22-Aug2024-1024x485.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134902/SHIB-Price-Analysis-22-Aug2024-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134902/SHIB-Price-Analysis-22-Aug2024-768x364.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134902/SHIB-Price-Analysis-22-Aug2024-1536x728.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134902/SHIB-Price-Analysis-22-Aug2024-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/22134902/SHIB-Price-Analysis-22-Aug2024.png 1803w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The MACD indicator shows a bullish surge in the underlying sentiments as the average lines give a positive crossover. Further, the daily RSI line shows an uptick to the halfway line.&nbsp;</p> 
<p>As the trend momentum increases, the <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">SHIB price</a> can hit the $0.000021 mark. Further, with the channel breakout rally, the bull run can hit $0.000035.</p> 
<h3 class="wp-block-heading" id="floki-floki">FLOKI (FLOKI)</h3> 
<p>With a falling channel pattern in the daily chart, the <a href="https://markets.coinpedia.org/floki/">FLOKI </a>price shows a bullish uprising. As the supply pressure gets absorbed at $0.0001101, the meme coin teases a double-bottom reversal within the bear channel.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="485" src="https://image.coinpedia.org/wp-content/uploads/2024/08/22135009/Floki-Price-Analysis-22-Aug-2024-1024x485.png" alt="Floki Price Analysis 22-Aug-2024" class="wp-image-341375" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/22135009/Floki-Price-Analysis-22-Aug-2024-1024x485.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/22135009/Floki-Price-Analysis-22-Aug-2024-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/22135009/Floki-Price-Analysis-22-Aug-2024-768x364.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/22135009/Floki-Price-Analysis-22-Aug-2024-1536x728.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/22135009/Floki-Price-Analysis-22-Aug-2024-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/22135009/Floki-Price-Analysis-22-Aug-2024.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Similar to other meme coins, momentum indicators like the MACD and RSI support the bullish recovery. With a streak of four bullish candles, the meme coin is on the verge of challenging the overhead trendline.&nbsp;</p> 
<p>The meme coin teases a breakout rally as the buying pressure increases with the broader market recovery. With a high-momentum breakout run, the<a href="https://coinpedia.org/price-prediction/floki-price-prediction/"> FLOKI price</a> can reach the $0.00020 mark.&nbsp;</p>

Top Dog-themed Meme Coins Ready for the Breakout Season?

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