Memecoins have left a lot to be desired for some time now, at least in terms of returns. The expected returns from them quote a much higher figure than what they are currently delivering.
But, we have sensed a breakout in memcoins. Read on to know which coins fall into the breakout category and what their chart says about them!
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Table of Contents
Bonk Price Prediction
Bonk is one of the newer memecoin, launched in Dec.2022. It is based on solana and is currently priced at $0.00001200 with a market cap of $750 million and 24h trading volume of $150 million.
Let’s have a look at the chart for the trend analysis:
The price has broken the major resistance trendline. From here, it looks ready for an upward move.
Dogecoin Price Prediction
The favourite crypto of Elon musk, who also has pumped the crypto on many different occasions. Dogecoin price today is $0.1639, up 11% in the last 24 hours. It has a market cap of $21.4 billion, making it the 10th largest cryptocurrency by market cap. Dogecoin has a circulating supply of 131.3 billion coins, and an unlimited total supply.
Let’s have a look at the chart for the trend analysis:
The price is moving above the 4-hour horizontal support zone. A bounce is expected from here.
PEPE Crypto Price Prediction
Who doesn’t know about Pepecoin. It is the same crypto coin which delivered over 40,000% returns last year. The current price stands at $0.000001080 with a market cap of $440 billion and a 24h trading volume of $40bn.
Let’s have a look at the chart for the trend analysis:
In a 6-hour time frame, the price is lying above the horizontal support zone. From here we can expect a bounce upward.
On the other hand, if it breaks down the support zone. then it can go downwards.
Conclusion
Memecoins are on the verge of breaking out and it could be a great opportunity to make a good profit here. But be aware of the potential risks of trading without a stop loss or proper risk management.
Pepe,Bonk and Doge all have given good returns in the past and if taken for long terms and the crypto winter potentially approaching it’s end they can be huge money-spinners.
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