As Bitcoin crosses the $91,000 mark, the meme coins are heating up. In the past 24 hours, the meme coin market segment has reached $50.16 billion, recording a 6.5% surge.
Among the top performers, Dogecoin has increased by 6% Dominating a market cap of $25.47 billion, followed by Shiba Inu recording a 4% rise to reach $7.66 billion. As the meme coins are gaining momentum, here are the best meme coins to buy in this bull market.
Will Dogecoin Hit $1 In This Bull Run?
The meme coin segment leader Dogecoin is trading at a market price of $0.17. This marks an intraday recovery of nearly 8% and signals a potential bullish turnaround.
As per a recent tweet by Ali Martinez, Dogecoin is ready to bounce back within a rising channel pattern. For a new recovery run, the Dogecoin price must surpass the $0.17 mark to re-establish a strong support.
Based on the rising channel pattern, a bullish comeback will likely retest the mid-line near the $0.55 mark. Beyond this, the price channel opens the gates to a possibility of a more than $1 price target.
On the flip side, a bullish failure to sustain above $0.17 will likely retest the $0.06 support level.
Pepe Targets Channel Breakout Rally To $0.000021
As the Meme Coins are back in the game, the Solana-based Meme Coins are likely to capitalize on the increased momentum. Pepe, the Frog Team Meme Coin based on Solana, is likely to take off for a massive surge.
At present, Pepe trades at a market price of $0.000008424 with a price surge of 7% in the past 24 hours. As per a tweet by Jonathan Carter, the short-term recovery in memecoin, in Pepe, sustaining about $0.0000085, marks a bullish breakout of a descending channel pattern.
As the breakout rally gradually gains momentum, the price showcases crucial resistance levels at $0.0000010 and $0.0000021. Furthermore, the price targets are extended to $0.000001450 and $0.0000021.
Hence, the upside potential in Pepe is massive as the unleashed trend momentum drives the bullish rally.
FartCoin Price Rally Eyes $3
Among the top meme coins, Fartcoin is becoming a dark horse. Fartcoin reclaims the $1 psychological mark and hits a 21% surge in the last 24 hours.
Furthermore, the meme coin reclaims the market cap of $1 billion. As per the daily chart, the recovery rally in Fartcoin creates 4 consecutive bullish candles to surpass the 38.20% Fibonacci level.
As the uptrend gains momentum, the Fibonacci levels point the price target at the 61.80% level at $1.53 followed by the $2.35 peak. As the broader market continues to recover, the Fibonacci levels paint an upside potential for a new all-time high at $3.67.
Also Read: Is Altcoin Season Arriving? BTC Price Surge to $88k Shows Positive Sign
