As the Bitcoin Open interest across all exchanges hits a new all-time high at $19.75B, the crypto market is ready for a bull run. As the market sentiments improve, the meme coins are leading the way with massive growth.
Wondering which meme coin to buy as FOMO kicks in? Worry not. Here are the top three trending and fast-moving picks for a 2x growth this month. Find out more about this in Coinpedia’s insightful article below!
Top Meme Coin Picks To Buy:
PEPE
As the third biggest meme coin in the industry, the Pepe has a market cap of $1.16 billion. Currently, the meme coin is trading at $0.00001055, asserting dominance over the psychological mark.
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PEPE has increased by 2.34% in the past 24 hours and teases a cup-and-handle pattern breakout in the daily chart. The neckline of the trend continuation pattern aligns with the 50% Fibonacci level at $0.00001670.
With a bullish bounce back from the 50-day EMA, the ongoing bull cycle is close to approaching the neckline level. With a golden crossover in the 50-day EMA gaining momentum, the daily RSI line continues an uptrend above the 50% line. Hence, the technical indicators support the possibility of an upside continuation.
Based on the Fibonacci levels, the cup-and-handle pattern breakout will likely reach the 100% Fibonacci level at $0.00001697. Optimistically, if the bullish trend continues by the end of the month, the 1.2725 Fibonacci level at $0.00001943 is a potential price target.
Curious if PEPE will create a new all-time high? Find out now in Coinpedia’s in-depth PEPE price prediction for 2024 to 2030.
Book of Meme (BOME)
With a market cap of $705 million, Book of Meme quickly gains momentum. Currently, it is trading at $0.0010 with a 24-hour surge of 13.28%. In the last 7 days, the meme coin has increased by 59.32%, asserting dominance over the $0.0010 mark.
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In the daily chart, the recovery rally in the meme coin surpasses the long-coming resistance trendline, resulting in a trend reversal rally. As it surpasses the 200-day EMA, the uptrend is approaching the 50% Fibonacci level at $0.0132251.
If the bullish trend continues, the 100% Fibonacci level at $0.020 is a potential price target by the end of the month.
First NEIRO on Ethereum (NEIRO)
Recently launched, the First NEIRO on Ethereum token is a crowd’s favorite at the moment. Nearing the billion-dollar market cap, the NEIRO token is currently trading at $0.002227.
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In the last 24 hours, it has increased by 14.69%, with a 31.77% surge in the last seven days. Meanwhile, the monthly gains stand at a staggering 5,000%. In the daily chart, the massive uptrend in the NEIRO token reveals a streak of bullish flag patterns, revealing the trend continuation nature of the bullish flag.
Currently, the recent flag breakout surpasses the 1.618 Fibonacci level at $0.00214788. Based on the Fibonacci retracement, the 2.618 Fibonacci level at $0.00370818 is a potential price target by the end of the month if the bullish trend sustains.
