BYTE and Roxy Frog: Will These Meme Coins Sustain the Bull Run Even After the FOMC Meet?

Amidst the downfall, certain meme coins have been making waves and have made massive gains over the past couple of days. Will these coins sustain the bull run in the coming days even after the FOMC meet?

The crypto market encountered a bearish pivot on Monday, with Bitcoin price slipping 2.29% in the early Asian hours. This downturn follows a 2-day rally, where BTC price surged by over 5%. Ethereum, major altcoins, and meme coins slipped into the red after the crash in Bitcoin price.

The majority of traders expect the upcoming FOMC meeting to be the potential FUD catalyst. However, some meme coins have been making waves and have clocked in massive gains over the past couple of days. Will these coins sustain the bull run in the coming days even after the FOMC meet?

Let’s take a closer look at the price charts of these high-potential coins to answer this question.

Will The BYTE Token Reach The 50% Fib Level?

BYTE price is up by 155% with a bullish revival over the last 48 hours. The bull run creates three consecutive green candles, undermining the pullback phase in May.

Tradingview

As per the Fibonacci levels, the meme coin surpasses the 23.60% level and teases an uptrend continuation. Moreover, the 750% jump in the trading volume bolsters the revival.

As the BYTE market cap reaches the $20 Million mark, the underlying demand is expected to increase. If the momentum is sustained, then the meme coin can reach the $0.00003422 mark, which aligns with the 50% Fibonacci level.

Is Roxy Frog The Next Big Meme Coin?

With a market cap of $1.19 Million, the Roxy Frog positions itself as an undervalued, soon-to-shine meme coin. In the last few weeks, the ROXY token has clocked in a massive surge with a 16% pullback and trades at $0.00014.

Coinmarketcap

Yesterday, the ROXY token saw an 83% jump and trades at a 260% premium over the 24 hour volume levels. As it sustains dominance above the psychological mark of $0.00010, this uptrend is bolstered.

With a new all-time high possibility, the ROXY price could surge to the $0.00020 mark.