The crypto market is calm ahead, setting the stage for an anticipated bull run. As mainstream cryptocurrencies hold steady, altcoins remain at attractive entry points. Yet, they show signs of imminent growth, ready to erupt at any moment. Among these altcoins, memecoins are garnering significant attention. Market analysts believe some of these playful tokens could see dramatic rises in value this August. This forecast has piqued interest among both seasoned investors and newcomers. The article ahead provides a closer look at which memecoins experts predict will skyrocket soon. Dive in to discover which digital tokens might present lucrative opportunities just around the corner.
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Dogecoin is showing strong potential despite recent market dumps. Currently priced between 12 and 15 cents, DOGE has been climbing steadily. Over the past week, it surged by nearly 20% and gained over 75% in the past six months. With the nearest resistance at 16 cents, a breakout could push it towards 19 cents, marking an impressive gain of over 25%. Support levels at 10 and 7 cents offer some reassurance. The RSI is neutral at 55, indicating there's room for a bullish move. SMA values also signal positive momentum. Dogecoin looks ready for another run, and investors should keep an eye on these key levels.
Dogwifhat (WIF) is showing a bullish trend with its current price in the range of $2.08 to $3.20. This token has seen impressive growth with a 60.21% rise in the past week and a 57.80% jump in the last month. The 10-day simple moving average of $2.77 is above the 100-day average of $2.54, indicating ongoing positive momentum. The Relative Strength Index (RSI) at 61.79 and the Stochastic at 60.92 suggest potential for further growth. If WIF breaks the nearest resistance at $3.58, it could surge to the next level of $4.71, potentially achieving gains of over 40%. Keep an eye on this rising star!
Brett (Based) (BRETT) is holding strong with prices between $0.12 and $0.16, showing resilience despite recent market dumps. Bulls seem to have the edge, as BRETT's price changed by over 21% in just one week. The token is above its key support level of $0.10 and eyeing the nearest resistance at $0.18. If it breaks this barrier, BRETT could climb to around $0.21, marking a potential rise of close to 30%. With a 375.97% increase over six months, Brett (Based) stands out as a promising token. The RSI and Stochastic indicators also suggest that there is room for further growth.
Pepe (PEPE) is hanging within a range of $0.0000101 to $0.00001399, showing that bulls are gearing up despite recent dips. With a recent surge of over 31% in a week, and a staggering 1062.76% rise over six months, PEPE is poised for significant growth. The nearest resistance is at $0.00001547, and breaking this could push PEPE to the next level of $0.00001937, potentially driving up its price by around 55%. Positive trends are visible, carving a clear path for a strong altcoin season.
DOGE, WIF, BRETT, and PEPE show moderate growth potential in the short term. However, BLASTUP stands out due to its unique concept and integration within the Blast ecosystem. This project has the highest potential for significant gains.
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Source: https://thebittimes.com/experts-august-favorites-memecoins-set-to-skyrocket-tbt97690.html