Will Meme Coins POPCAT and WIF Surge 2x This Month?
The post Will Meme Coins POPCAT and WIF Surge 2x This Month? appeared first on Coinpedia Fintech News
As meme coins are quick to bounce back in these days of bullish relief, the post-bloodbath moves are hyperactively positive. Amidst the fast performers, Popcat and Dogwifhat are making their names with sharp bullish moves.
So, let’s take a closer look at the price analysis of the two trending names in the meme coins segment. More importantly, let’s figure out the chances of a 2x surge in the POPCAT and WIF prices.
Meme Coins For A 2x Surge: POPCAT
With the bull run in Popcat evidently gaining momentum, the uptrend ends the correction phase in the daily chart. Starting a bull cycle in an expanding channel, the meme coin forms a V-shaped reversal rally.
Exceeding the 50D EMA, as per the Fibonacci levels over the correction wave, POPCAT challenges the 38.20% level. Further, the meme coin forms a triple white soldier pattern and is up by 137% from the low of $0.25 formed during the crash.
An uptrend continuation in POPCAT prices will challenge the overhead trendline near the $1 psychological milestone.
Dogwifhat (WIF)
With an overall declining trend in the daily chart, the WIF price trend forms a falling wedge pattern. Further, the bearish influence warns of a death cross as the declining 50D EMA approaches the 200D EMA.
Nevertheless, post-bloodbath, the WIF price teases a bullish reversal from the support trendline. With a triple white soldier pattern, the meme coin is up by 55% from the $1.07 low formed during the crash.
As the bull run picks up pace, a potential breakout run will pump the meme coin price to the $3.40 mark. Hence, the WIF price trend has an upside potential of 103% in the coming weeks.
