Top Meme Coins Enter A Bull Run: DOGE, SHIB, and BONK Price Analysis

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16 Feb 2024
27

INTRODUCTION


With the Bitcoin price touching the peak of $52,000 after almost two years of blackout, the markets are moving like a bullet train from Japan. Amidst such recovery, the meme coins are the exciting sector with breakout opportunities.
Further, known for their sharp, volatile jumps, the top meme coins are closely followed by investors ready to catch the breakout run. With the potential for triple-digit jumps in a matter of weeks, let’s have a look at the Top Meme Coins, which are Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK).

Dogecoin (DOGE)

With a bullish breakout of a resistance trendline, the DOGE price trend is ready for a bullish reversal. The spike in trading volume supports the breakout event projecting a sharper move for for Dogecoin.

Being the second biggest meme coin per market cap, the SHIB price signals a positive sign in the weekly chart. Hampering the continuation of Lower high formations, the Shiba Inu projects a potential breakout trend for a bullish reversal.





BONK






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