Meme coins - Edition #1
After the failed Trump assassination attempt, the market saw it as a bullish event that increased the chances of a second term..... Positive shift in momentum and sentiment towards cryptocurrencies!
Germany's 50k Bitcoin stash is out of the way, huge L in German government (Not the right move). This marked the low of the current downtrend with daily bullish signals popping up all over crypto.
Note that someone kept buying after $BTC hit $53,000 and the price held for the next 7 days. The damage is over despite $3.5B in selling pressure since mid-June and we are back in the mid-range of this 6 month consolidation period.
New ATH in the horizon
Let’s dive into some of the most interesting MEME plays to take advantage of the new liquidity in the market.
Pepe (PEPE)
- Continues to be our leading meme on Ethereum’s eco, showing a new bullish weekly signal
- Price should remain bullish as long as it stays above $0.0000088. Any pullback after July 21-23 should be a buying opportunity in the areas between $0.000010 and $0.000011.
Dogwifhat (WIF)
- I prefer to wait. Once the price gets above $2.5-$2.7 it gives a less risky entry with the conviction of having regained the previous lost support.
- Either wait for it to recover or keep an eye on $1.24 in case something weird happens.
Bonk (BONK)
- Knowing how good the Solana chart is building up, is a must to keep an eye on this one, as well as WIF, as some of the safest plays.
- Price is stuck in a massive consolidation range and is not yet ready to make massive gains.
- Above $0.000028, things will start to get interesting.
- Above $0.000035, the possibility of a new ATH is in play.
For now, keep it as a range trade until a new trend is confirmed. Large 30% moves within this range if you play the above levels.
Popcat (POPCAT)
- Cat memes have been getting some love lately, especially Popcat.
- Pullbacks below $0.70 are good buying opportunities as the trend is active!
Honorable mentions:
$ANDY, $KHAI, $BOB, $PEIPEI, and $KOKO
