Memecoins are on the rise again! These cryptos are riding a bullish wave and are outperforming the broader crypto market.
In this article, we will look at three memecoins that are good for trading in the short term.
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Dogecoin Price Prediction
Dogecoin, the original meme coin with its iconic Shiba Inu logo, is currently priced at $0.1606. It boasts a market cap of $23,046,795,778 and a 24-hour trading volume of $3,831,967,588. With a circulating supply of 143,482,646,383 DOGE, Dogecoin has seen a -3.93% price decline in the past 7 days.
The price is currently consolidating within a symmetrical triangle pattern. It’s crucial to monitor the market for a definitive breakout or breakdown before making any trading decisions.
Floki Inu Price Prediction
Floki Inu, named after Elon Musk’s Shiba Inu, trades at $0.0002644. The market cap stands at $2,578,845,623, and it has a 24-hour trading volume of $1,442,966,724. FLOKI has a massive circulating supply of 9,717,416,235,413 from a total supply of 10,000,000,000,000, and it has experienced a 69.40% price increase in the past week.
The price is experiencing rejection from the horizontal resistance zone within the rectangle channel. Presently, it is trading above the horizontal support zone of the channel. Anticipate a potential bounce from the rectangle demand zone. It’s important to monitor the situation closely for any further developments.
PepeCoin Price Prediction
PepeCoin, inspired by the Pepe the Frog meme, is valued at $0.00001056 per coin. The market cap is $4,448,250,782, with a 24-hour trading volume of $2,607,165,836. PEPE has a total supply of 420,690,000,000,000, and its price has surged by 59.80% in the last 7 days.
The price has recently broken down from the rising wedge chart pattern and subsequently retested it successfully. Given this development, we anticipate further downward movement from here.
These memecoins have captured the attention of the crypto community, offering both humor and potential investment opportunities. Remember, the meme coin market can be highly volatile, so always do your own research before investing.
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