As the price of Bitcoin reaches the $61,000 mark, meme coins are experiencing an increase in search trends, indicating a potential surge in their value. This surge has led to speculation that the top meme-based cryptocurrencies are gearing up for a reversal and breakout runs to lead the bull run.

Let us delve into the top meme coins that are showing signs of a potential bull run this week.

Mog Coin (MOG): Despite a short-term declining trendline, the long-term uptrend in the Mog Coin price forms a support trendline. The meme coin demonstrates a bullish reversal from the 200-day Exponential Moving Average (EMA), indicating its readiness for a new sprint. A bullish crossover in the Moving Average Convergence Divergence (MACD) and signal lines further supports the potential for a recovery run in MOG price. Currently, the meme coin is trading at $0.000001142 with an intraday jump of 5.21%.

A breakout rally in the MOG coin price has the potential to surpass the 50% Fibonacci level at $0.000001160 and reach the $0.000003153 mark.

Dogwifhat (WIF): With a double bottom reversal gaining momentum as the broader market recovers, WIF price is starting a bull cycle. Although the MACD and signal lines are merged in the negative territory, the recent recovery in the meme coin teases a bull run to challenge the overhead trendline. A breakout rally above the trendline could reverse the declining trend in EMAs and potentially result in a price surge to $5.54.

Pepe (PEPE): Forming a bearish channel in the daily chart, the PEPE price action shows a negative cycle. However, there is an underlying surge in demand, indicating a potential double-bottom reversal at the $0.00000772 support level. The meme coin’s price action also shows a reversal rally ready to give a pennant breakout run. A breakout rally in the PEPE price could result in a price surge to $0.000016.

Popcat (POPCAT): Taking support over a long-coming ascending trendline, POPCAT is showing signs of a double bottom reversal in the daily chart. The meme coin also demonstrates a bull cycle, forming two consecutive green candles, with a 24% surge. A bullish breakout of the neckline could propel the POPCAT price to the $1 psychological mark for a 2x surge.

In conclusion, with Bitcoin hitting the $61,000 mark, meme coins are gaining attention and showing potential for a bull run. Investors and cryptocurrency enthusiasts are keeping a close eye on these top meme coins as they anticipate a surge in their value.

It is important to note that investing in cryptocurrencies carries inherent risks, and it is advisable to conduct thorough research and consult with financial experts before making any investment decisions.

Related posts:

Potential for XRP to Skyrocket by 11,745% in the Coming Weeks, as Suggested by Prominent Analyst Why Bitcoin Prices Are Dropping and How Rebel Satoshi (RECQ) Is Holding Strong The Impact of Hash Rate on Bitcoin Mining Profitability Preparing Your Investment Strategy for an Expected Interest Rate Cut