Meme Coin Rally Goes Ballistic as Bitcoin Price Crosses the $64K Mark

With the Bitcoin price crossing the $64K mark today, the meme coin rally goes ballistic. As the top names witness a gradual sophisticated rise for a meme coin, the trending coins go for a moonshot.

As the Bitcoin (BTC) price continues to rally, crossing the $64K mark today, several meme coins have witnessed a rapid surge in their value.

Among the top performers in the cryptocurrency market, while DeFi, Layer-1s, and other altcoins have shown a gradual yet sophisticated rise, meme coins have also managed to secure a significant portion of the rally.

Hence, if you're looking to capitalize on the rising meme coin trend and potentially achieve a 2x rally in October, here's a list of some trending meme coins to consider.

Trending Meme Coins To Buy:

1. Dogecoin (DOGE)

As the biggest meme coin in the cryptocurrency industry, Dogecoin (DOGE) has shown a promising price trend as the broader market recovers from a bearish spell.

With a four-day recovery rally, the Doge price has increased significantly by almost 8%, showcasing a bullish momentum. During this rally, the meme coin has managed to cross the 50-day EMA and reclaim dominance over the $0.10 psychological mark.

This price action teases a potential continuation of the bullish trend towards the 200-day EMA at $0.1184.

Moreover, on the daily chart, a falling wedge pattern breakout is observed as the Doge price surpasses the 50-day exponential moving average. This breakout is gaining gradual momentum.

Based on the Fibonacci levels, the 23.60% level at $0.1239 is the next potential target in the short term.

As the broader market continues to recover, Dogecoin could potentially hit a new 52-week high by crossing the $0.2289 mark. Based on the Fibonacci levels, the 1.618 level at $0.2976 can be the next potential target for Dogecoin in 2024.

Read more about Dogecoin’s future to find out if the uptrend will reach $1 in our DOGE price prediction for 2024-2030.

2. BABY DOGE Coin

Similar to Dogecoin (DOGE), the Baby Doge Coin (BABYDOGE) also showcases a falling channel breakout on the daily chart, leading to a massive upside move.

Unlike Dogecoin's conservative trend over the past few days, the Baby Doge Coin has seen a phenomenal surge of 155% in the last two weeks, creating a streak of strong bullish candles.

Currently, the meme coin is less than 50% away from its 52-week high of $0.000003941. At the moment, it trades at a discount of 75% from its 52-week high and poised to give a breakout of the 50% Fibonacci level at $0.000002364.

BABY DOGE Coin on the verge of completing a rounding-bottom reversal, which could lead the meme coin to the 1.618 Fibonacci level at $0.000005813.

Hence, the meme coin shows an underlying potential of more than 150% with the broader market recovery.

3. Jasmy Coin

The JASMY coin price has been on a declining trend, dropping from its 52-week high at $0.0045 to the current price of $0.02153, marking a 51% decline.

However, the altcoin has recently recovered from its local bottom at $0.01739, showing a 23% surge in the past 16 days.

Furthermore, the intraday gain of 2.02% creates the fourth consecutive bullish candle, increasing the chances of a bullish trend.

The recovery rally showcases a cup-and-handle pattern, with a decline at the 200-day EMA that merges with the 50-day EMA.

Hence, the recovery rally attempts to limit the chances of a death cross event.

Moreover, the declining trend forms a falling-wedge pattern with overhead resistance slightly below the 23.60% Fibonacci level at $0.2335.

Hence, the breakout rally will likely challenge the confluence of resistance before reaching the 50% Fibonacci level at $0.029.

However, the uptrend will depend upon the overhead trendline breakout and broader market support.