With a continued bullish trend in the meme coin sector, these crowd-driven tokens are still popular investments in 2024. As the second half of the year starts with a more positive outlook than the previous quarter, the bull run for these high-performing coins could continue.
Among the top performers, BONK, BRETT, and MEW are showing strong results over the last 24 hours. There is potential for these tokens to double in value this month, making them good opportunities for buy-low, sell-high strategies.
MEW Token Shows Bullish Signs Amid Market Upturn
With decreasing volatility, the MEW token is forming a triangle pattern on the daily chart. Supported by the 23.60% Fibonacci level, a double-bottom reversal suggests a potential upcycle for the meme coin.
Strengthening the bullish trend, the MACD and signal lines have crossed positively, reflecting a 17% increase in MEW’s price over the past four days. The token has also surpassed the 38.20% Fibonacci level, setting the stage for a possible rise to the 50% level at $0.005387.
As the overall crypto market improves, MEW could break past the overhead trendline, leading to a breakout rally. With continued momentum, the uptrend might exceed the psychological mark of $0.010 and reach the 1.618 Fibonacci level at $0.012.
BONK Token Shows Strong Bullish Potential After Channel Breakout
Following a bullish reversal and a channel breakout, the BONK price surged by 12% with a large candle formation. After surpassing the $0.000025 mark, the meme coin is poised to challenge the 50% Fibonacci level at $0.000032 soon.
The appearance of a bullish engulfing candle and increased trend momentum from the channel breakout suggest significant upside potential for BONK. The bullish crossover in the MACD and signal lines further supports this uptrend, starting from a long-awaited support trendline.
According to Fibonacci levels, the bullish trend may push BONK beyond the psychological mark of $0.000050, potentially reaching the previous peak. Additionally, an upward target at the 1.618 Fibonacci level of $0.00008321 seems achievable.
BRETT Token Eyes New Highs Amid Bullish Trend
The BRETT token is experiencing a strong uptrend, supported by a crucial trendline and the dynamic 50 and 200 EMA, which align with higher low formations on the 4-hour chart.
After breaking out of a triangle pattern, BRETT experienced a dip to the trendline before bouncing back. The meme coin has risen by 22% over the past 10 days and aims to surpass the $0.20 mark, potentially setting a new all-time high.
According to trend-based Fibonacci levels, the BRETT token could reach the 1.618 level at $0.35. Currently trading at $0.16, BRETT has increased by 7.25% this week, signaling continued bullish potential.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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