As Bitcoin moves closer to the $62,000 mark after a tumultuous first week of October, the meme coins are rising again. Amid rising geopolitical tensions, crypto’s historic October rally is in jeopardy.
Under such circumstances, here are the three best meme coins, ready to bounce back with a breakout rally. So let’s take a look at these top coins for a 2x breakout run next week.
Best meme coins to buy:
BONK (BONK)
With a bearish reversal within a triangle pattern, the BONK token price is pulling back towards the 50-day EMA. Furthermore, the meme coin finds support near the Fibonacci level of 23.60% at the psychological level of $0.000020.
After Friday’s 8.42% recovery, BONK’s price action reveals a bullish harami pattern at a crucial support level. Furthermore, the 200D and 50D EMA are on the cusp of a gold crossover.
If the bull cycle breaks above the parent trendline, the meme coin could reach the $0.00003756 mark. On the downside, the crucial support points are at $0.000020 and $0.000015.
Shiba Inu (SHIB)
With a bullish breakout rally from a descending channel pattern, Shiba Inu shows a trend reversal on the daily chart. However, the breakout run takes a turn for the worse during a market crash to retest the 50D EMA.
The 20% pullback in five days shows a lower price rejection from the 50D EMA, leading to a morning star pattern. Furthermore, the bull run shows an increase of 8.08%, followed by an intraday gain of 1.55% today.
With the broader market making a small recovery in a potential bear market, the meme coin is preparing for a recovery. Based on the price action, the uptrend in SHIB may reach $0.00002118 and $0.00002742.
PEPE (PEPE)
Similar to Shiba Inu, the PEPE meme coin shows a falling wedge breakout run that ends the pullback phase. However, the breakout run takes a 180 and retests the 200-day EMA with a 25% decline.
However, the meme coin is back in action with an intraday recovery of 8.76%, leading to a bullish engulfing candle. Furthermore, the 50D and 200D EMA are gaining strength after a gold crossover.
Based on the price action, the V-shaped reversal in PEPE could challenge USD 0.000012 and USD 0.000016. On the downside, the crucial support points are at $0.0000083 and $0.0000075.
Fancy stacking some Pepe? Get the potential price targets in our Pepe Price Forecast