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The post Top Meme Coins Ready for Breakout: Baby Doge and Turbo Lead the Pack appeared first on Coinpedia Fintech News
As the crypto market prepares for a bullish comeback, the meme coins are heating up. Taking a bullish stance, the low-cap trending meme coins are giving better returns than the top names in the segment.
As the meme crypto segment approaches the $40 billion market cap, mid-cap and new rising names are expected to explode. Here are the top 3 performing meme coins, ready for a breakout rally or a new all-time high.
Top Meme Coins Ready For Bull Run
Baby Doge (BABYDOGE)
Baby Dogecoin has a market cap of $350 million and is currently trading at $0.00000221. With a 24-hour jump of 18.94% in the past seven days, the meme coin has given more than 100% returns.
In the daily chart, the massive bull run surpasses the 50-day and 200-day EMA and a long-coming resistance trend line. Based on the Fibonacci level, the 50% level is challenging with a streak of bullish candles.
As the chances of a golden crossover increase, the meme coin prepares for a new breakout run to create a new 52-week high. The 1.618% level at $0.000005813 is a potential target based on the Fibonacci level.
MEMECOIN (MEME)
Followed by Baby Doge, MEME COIN shows a promising trend. With a market cap of $260 million, it has increased by 5.71% in the past 24 hours.
Currently, it is trading at $0.009861 and reveals a fairly bullish price action. As the trading volume over the past 24 hours has increased by 74% to hit $30 million, the meme coin fails to maintain dominance at the $0.0010 mark.
Despite the massive bullish engulfing candle of 9.26% yesterday, the intraday candle reveals a higher price rejection and a drop of 0.88%.
Nevertheless, breakout sustenance above the psychological mark will put $0.013 as a potential target for the MEME. On the flip side, the $0.090 and $0.082 are potential support levels.
Wondering if Bitcoin will sustain an uptrend for the meme coins to thrive? Find out more about Coinpedia’s BTC price prediction.
TURBO (TUBRO)
The Turbo meme coin, with a market cap of $330 million, is ready to explode. It has increased by 12.73% in the past 24 hours and 38% in the last seven days.
Currently, it is trading at $0.005122 with a trading volume of $203 million. In the daily chart, the Turbo meme coin reveals a double bottom reversal from the 200-day EMA, ready to surpass the 23.60% trend-based Fibonacci level at $0.005251.
Due to the intraday pullback, the breakout rally takes a halt. Nevertheless, an uptrend continuation will put the $0.0076 at 50% Fibonacci level and the $0.01016 psychological mark at 78.60% Fibonacci level as potential targets.
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