Meme Coins Poised for Breakout: DOGS, POPCAT, and NEIRO Show Signs of a Potential Surge

As the overall crypto market wrestles with regaining bullish momentum, meme coins and smaller altcoins are showing signs of a potential surge.

As the crypto market struggles to regain bullish momentum, meme coins and smaller altcoins are showing signs of a potential surge. Among the top contenders are First Neiro on Ethereum, PopCat, and DOGS, which appear primed for a bullish breakout despite the broader market conditions.

These trending coins, displaying promising patterns on their daily charts, hint at a possible rally this week. These assets may be worth considering for those watching the meme coin space as they prepare for potential breakout moves.

DOGS Poised for Breakout from Falling Channel

Starting with DOGS, the 4-hour chart reveals a falling channel pattern. However, the recent upward movement within the channel suggests that DOGS is on the brink of a breakout.

DOGSUSDT chart, Source: TradingView

Using the trend-based Fibonacci retracement, DOGS is currently hovering around the 50 EMA (Exponential Moving Average) on the 4-hour chart. A bullish breakout from the overhead trendline could arm-twist the 50% Fibonacci retracement level at $0.001126. If this breakout occurs, then DOGS can potentially seize the psychologically significant $0.0010 level again.

However, traders should exercise caution as the MACD (Moving Average Convergence Divergence) and signal lines are close to a bearish crossover, which could signal a potential pullback.

PoPcAT trades within a triangle pattern on the daily chart

Moving to PopCat, the daily chart indicates a triangle breakout that has since faced a minor pullback. After reaching $1.39, PopCat has posted three consecutive bearish candles, resulting in a 15% price decline over the past three days.

Despite the current downtrend, the 50 and 100 EMA continue to show a positive slope, signaling some underlying strength. However, the MACD and signal lines indicate a potential bearish crossover, warning of further downside.

POPCATUSD chart, Source: TradingView

The Fibonacci retracement analysis suggests that PopCat’s breakout rally is reversing from the 1.618 level, now heading toward the 1.27 level at $1.16. If the bearish trend continues and breaks below this support, the coin may test the $1.00 psychological mark, where bulls could attempt to regain control.

NEIRO trades within a channel on the daily chart

Finally, we have NEIRO, a rising star on Ethereum that has been one of the most talked-about altcoins in the market. After a bullish pennant breakout, followed by a channel breakout, Neiro has surged by nearly 5000% over the last three weeks.

Currently priced at $0.001729, per CoinMarketCap data, NEIRO is experiencing a minor intraday pullback of 3.46%. According to the Fibonacci levels, NEIRO is facing resistance at the 100% retracement level, suggesting a consolidation phase may be underway.

For those wondering if First Neiro On Ethereum (NEIRO) will reach a new all-time high, Coinfomania’s price prediction for today may offer more insights.

The meme coin’s consolidation is supported at the 78.60% Fibonacci level, around $0.0015. A bullish breakout from this range could see NEIRO racing for the $0.0023 and $0.0033 levels. Conversely, if the support fails, the next key level to watch is $0.0013.

Now, here are the top gainers and losers today, per CoinMarketCap data.

Top Gainers

EigenLayer (EIGEN) leads today’s gainers with a 10.65% increase, trading at $4.02. This surge reflects growing investor confidence in Layer-2 solutions.

Chiliz (CHZ) is up by 8.22%, continuing to ride the wave of strong performance, now priced at $0.07238, driven by developments in the sports and entertainment token space.

Privacy-focused Moner (XMR) is seeing a solid 4.55% rise, trading at $153.01 today, as privacy coins regain attention in the market.

Top Losers

Leading today’s losers, Sei is down by 8.22%, trading at $0.4177, likely due to increased selling pressure.

Worldcoin (WLD) has dropped by 7.04% to $1.83, facing challenges from regulatory concerns and bearish sentiment.

PopCat (SOL) is down by 4.59%, trading at $1.18, experiencing significant volatility amidst profit-taking.

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