MOG, WIF prices soar, POPCAT breaks records - where are these Memecoins headed? This article was originally published on Coinpedia Fintech News
The cryptocurrency market is recovering from recent turmoil, a trend that was influenced by the escalation of tensions between two hot countries. As the fear, uncertainty, and doubt (FUD) surrounding these factors gradually dissipated, the price of BTC quickly rebounded to over $63,500. Against this backdrop, memecoins have ushered in a hot market, with the prices of POPCAT, WIF, and MOG soaring. Does this mean that now is a prime time to invest in memecoins? Will DOGE and SHIB follow suit and show a similar upward trend?
Mog Coin (MOG) Price Analysis
MOG bulls are strong and are expected to hit a new all-time high (ATH) in the near future. Currently, bullish momentum is evident and the price is approaching a critical resistance area, which also serves as the neckline of the bullish pattern. Despite the bearish pressure, the price of Mog Coin seems to be ready for the next wave of gains.
MOG price has formed a double bottom pattern and is about to break through the neckline. Meanwhile, both the MACD and OBV indicators have shaken off their bearish influence, signaling the potential for significant price gains in the coming days. Once the price successfully breaks through the resistance range of $0.000001721 to $0.0000018, the Mog coin price is expected to start a healthy rise and break through the $0.000002 mark, which may in turn create a new ATH and even exceed $0.000003 in the short term.
Popcat (POPCAT) Price Analysis
POPCAT price has successfully broken through the resistance and has hit a new high of $1.47. Currently, the price is in the discovery phase and the technical picture remains bullish. Therefore, even if there is a minor correction, the price is expected to trigger a strong rebound and hit higher targets close to $1.8.
The price has been fluctuating within an ascending parallel channel, and the recent upswing has allowed the coin to climb above the average area. Moreover, the MACD indicator shows an increase in buying pressure, while the RSI indicator remains high. Therefore, the price is expected to maintain its upward trend and touch the upper resistance level of the channel near $1.8. However, before that, the price may first pull back below $1.38.
dogwifhat (WIF) Price Analysis
Although WIF price once fell into a bearish mode, the bulls took back the initiative in time. As a result, the price successfully broke out of the channel after weeks of sideways consolidation. The coin seems to be gaining momentum after the retracement, indicating that a significant rise is imminent.
The price has completed a retracement and seems to be preparing to attack the last resistance area. This resistance area is located between $3.3 and $3.5 and is the last hurdle before marking a new ATH. It is expected that this breakthrough may be achieved in a few days. The falling RSI indicator has triggered a bullish reversal signal, while the Gaussian Channel has turned bullish. This shows that the price is expected to break through the $4 mark and may create a new ATH above $5.
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