Meme Coins Worth Buying: BRETT (BRETT), FLOKI (FLOKI), Shiba Inu (SHIB)

With a silent mid-week for Bitcoin and top altcoins, the meme coins are rising in rank with increasing demand and FOMO

Amidst a relatively subdued mid-week for Bitcoin and top altcoins, meme coins have been surging in popularity, driven by increasing demand and FOMO (fear of missing out). While tokens like PEPE, WIF and others have been trending, here are some alternative meme coins that also offer exciting upside potentials.

Let’s have a closer look at the price chart of these meme coins.

Meme Coins Worth Buy: BRETT (BRETT)

With a market cap of over $1.2 Billion, BRETT has quickly made a name for itself in the meme coin segment, thanks to its close association with PEPE. Ranked #63 in the top 100 crypto list, the BRETT price trades at $0.1289 and shows an intraday pullback of 2.78%.

Chart: Tradingview

In the daily chart, the BRETT token showcases a clear pullback phase, leading to an overhead resistance trendline. Moreover, as per the trend-based Fibonacci levels, the BRETT price shows a struggle to breach the 23.60% Fib level.

However, as the broader market recovery picks up pace, the meme coin could signal an uptrend continuation with the trendline breakout. Subsequently, the Fib level teases a potential price jump to $0.26 or $0.36.

FLOKI (FLOKI)

Being a top performer in early 2024 and showing resilience in June, FLOKI showcases a strong underlying demand. With a market cap of $1.72 Billion, the meme coin ranks at #52 in the list of top 100 crypto and trades at $0.0001781.

Chart: Tradingview

In the daily chart, the FLOKI Price shows a struggle to breach the crucial resistance level at $0.00019, which coincides with the 23.60% trend-based Fib level. Furthermore, the underlying increase in demand teases an inverted head and shoulder pattern with the neckline at $0.00019.

With the recent surge and the increasing demand for meme coins, the FLOKI price teases a breakout rally ahead. As per the Fibonacci levels, the uptrend could hit the $0.00033 peak before a rally to $0.00055.

Shiba Inu (SHIB)

Despite a falling channel in the daily chart, the second biggest meme coin, Shiba Inu, has a market cap of $10.3 Billion. The correction phase accounts for a decline of 50% from $0.000035 to the current price of $0.00001752.

Chart: Tradingview

With the current bull cycle within the channel failing to cross the 23.60% Fibonacci level, the meme coin witnesses another drop. However, the broader market reversal and the increasing FOMO could fuel the SHIB price to outgrow the channel.

A breakout rally could reach the $0.000035 peak before launching off to the 1.618 level at $0.000057.

Also Check Out: Bitcoin Price Prediction: Here’s the Roadmap for the BTC Price for the Next 48 Hours!

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