In the cryptocurrency market, meme coins are once again gaining momentum and attracting investors' attention, with several key tokens showing potential for breakthrough based on technical indicators and community response.
According to Crypto News on the 30th (local time), as cryptocurrencies are gaining attention again in the technology and financial sectors, low-priced meme coins are capturing investors' eyes. In particular, three types of meme coins priced under $1 are showing significant upward trends, suggesting the possibility of breaking the $1 mark.
Doge (DOGE) continues to lead the meme coin market with a market capitalization of $26.2 billion. Released in 2013 by Billy Markus and Jackson Palmer as an interesting experiment, Doge has now established itself as one of the most globally recognized digital currencies.
Unlike new meme coins, Doge has abundant liquidity and an established market position. Doge's price tends to move in tandem with Bitcoin, providing stability that most meme tokens find difficult to achieve.
Currently, Doge is trading at $0.1757, down 2% with other meme coin markets. However, Doge is showing signs of breaking out of a descending wedge pattern. This is a typical bullish reversal technical pattern seen in the diagonal support and resistance lines from November to April.
With a Relative Strength Index (RSI) of 54, Doge is preparing to rise again. With several expected market rallies in May, Doge supporters are anticipating a move to $0.48, which represents a potential 173% gain at current levels.
Adoption trends are also maintaining strength. Tesla continues to accept Doge in specific transactions, and platforms like PayPal and Revolut are enhancing its utility by introducing Doge into their payment systems.
Brett, like Pepe, was inspired by a character from Matt Furie's 'Boys Club'. However, unlike Pepe, Brett exists on Base, Coinbase's exclusive Ethereum Layer 2 network.
After months of downward consolidation, Brett showed a strong rebound and is currently stabilizing above $0.06311 after a strong breakthrough. This token broke through a long-standing descending wedge pattern, rising to $0.071 and sparking optimism among traders.
Brett rose 33% last week. While temporary selling pressure could cause a nominal price drop overnight, if Brett reaches $0.08, it could have a stronger support base for further increases.
Backed by strong trading volume and improved market sentiment, Brett is prepared for another upward trend potentially reaching $0.10, and if market enthusiasm strengthens, it could even move towards $1 in the long term.
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