June has been a whirlwind thus far for meme cash, with Dogecoin, Pepe, dogwifhat, and Sealana all capturing consideration.
On this article, we’ll dive into these 4 tokens, inspecting their actions and potential future trajectories.
DOGE Primed for Breakout as Buying and selling Volumes Rise
The OG meme coin Dogecoin (DOGE) is again after a interval of muted worth motion.
DOGE has been caught buying and selling in a good descending channel however appears to have lastly discovered a ground round $0.155.
After repeatedly bouncing off that ground, DOGE is now trying like it’s breaking out.
At present buying and selling round $0.164 after a 4% bounce up to now day, DOGE’s spot volumes are beginning to perk up because it breaks downtrend resistance on the 4-hour chart.
This typically comes earlier than a pointy bullish rally.
If DOGE can keep itself above $0.164, a run in direction of the native excessive of $0.170 is a practical situation.
That was an space that DOGE tapped final week earlier than rejecting and plummeting.
A clear breach of $0.170 may even arrange a retest of $0.175, the place a “double high” formation shaped in late Could.
PEPE Eyes Bullish Rally with Sturdy Assist Bounce
The bullishness is spreading from canine to frogs, with Pepe (PEPE) additionally making a case for upside this month.
After a sluggish begin to June, PEPE is rebounding – at present buying and selling at $0.0000148 after a 6% surge up to now 24 hours.
Extra importantly, the $0.0000140 help stage is holding agency.
PEPE has additionally breached its 20-period exponential shifting common (EMA) on the 4-hour chart, extensively thought of a bullish sign.
When combining that with the potential bull flag sample forming in the identical timeframe, the outlook for the token is beginning to form up properly.
Spot volumes for PEPE have climbed 6% up to now 24 hours, confirming that there’s reputable momentum behind this transfer.
If the breakout continues and gathers tempo, PEPE’s current all-time excessive round $0.0000172 is the logical upside goal to look at.
WIF Surges 14% & Targets New Highs After Breaking Resistance
Alongside DOGE and PEPE, dogwifhat (WIF) can be performing effectively.
It’s at present buying and selling at $13.50 after a 14% rally since Monday morning.
The spark that lit this rally was a retest of the 20-day EMA as dynamic help.
That retest led to a transparent breach of the $3.45 stage, which had been capping upside up to now week.
Now freed of its tight buying and selling vary, dogwifhat appears primed to make a run again to $4.00.
That key battleground in late Could finally halted dogwifhat’s rally.
Nevertheless, with momentum favoring the bulls, one other problem of $4.00 appears doubtless.
If WIF can convincingly cross $4.00, there would possibly even be scope for the token to go again to March’s all-time excessive of round $4.85 – a 38% bounce from right here.
Sealana’s Hyped Presale Features Momentum Forward of Huge Developer Announcement
Whereas established meme cash duke it out, a brand new contender is quickly gaining steam – and it hasn’t even launched but.
Sealana (SEAL) is popping heads as some of the hyped presale crypto occasions of the summer season.
Regardless of being solely centered round a chubby seal mascot, Sealana has managed to lift over $3 million from preliminary traders.
With SEAL tokens priced at simply $0.022 every, that fundraise represents severe curiosity from the hundreds of individuals now following the challenge’s Twitter and Telegram channels.
The hype round Sealana reached a brand new stage yesterday when the dev crew teased they’re getting ready a “big announcement” round an upcoming airdrop.
And with Sealana’s crew promising much more surprises, they’re aiming to make a splash in June.
Because the token isn’t but tradable on the open market, offering a logical worth forecast is difficult – if not not possible.
Sealana has no set tokenomics construction, which is a aware option to bolster its “pure meme” attraction.
Moreover, any DEX itemizing for SEAL is probably going nonetheless a number of weeks away.
However with the presale momentum persevering with and an engaged neighborhood already behind it, Sealana appears able to shake up the meme coin market.
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