For over a month, the crypto market showed a sideways trend as Bitcoin struggled to sustain above $100k. The consolidation has impacted the meme crypto sector the most due to its volatile nature and susceptibility. However, these three top memecoins display a potential bullish set that could boast its price 5X in 2025.
Key Highlights:
- The Pepe Coin Price resonating within a broadening wedge pattern could recuperate the exhausted bullish momentum.
- A rising channel pattern drives the current uptrend in the PENGU coin.
- The BONK price breakout from the wedge pattern hints at an end-of-correction trend.
Pepe Coin (PEPE)
In the last three weeks, the Pepe coin price recorded a sharp correction from $0.000028 to $0.000018, accounting for a 35% loss. While the correction followed broader market sentiment, the PEPE coin downfall continued to follow the consolidation of a broadening wedge pattern.
While the pattern’s two divergence trendlines indicate increasing uncertainty, a potential breakout from the pattern overhead trendline could drive a directional uptrend. If the pattern holds true, the PEPE price, currently trading at $0.000203, will surge 55% before the key breakout from the overhead trendline.
Pudgy Penguins (PENGU)
PENGU, the native token of the non-fungible token (NFT) project Pudgy Penguins, is currently trading at $0.037 with a market cap of $2.37. The recently air-dropped Solana token has gained significant interest from large investors, driving sustained rallies since its launch.
The 4-hour chart analysis displays the meme coin price resonating within the formation of a parallel channel pattern. Until the chart setup is intact, the PENGU buyers could prolong their current uptrend.
A potential breach from the overhead trendline near $0.5 will signal the demand pressure outpacing the supply. The post-breakout rally could drive a sustained uptrend.
Bonk (BONK)
Since late November, the BONK price showcased a sharp correction from $0.000062 to $0.000031, registering a 50% loss. In the daily chart, this downfall shows the formation of a typical reversal pattern falling wedge.
With an intraday gain of 6.2%, the BONK price teases a bullish breakout from the pattern’s upper boundary, signaling the end-of-correction trend. If the breakout sustains, the coin buyers could continue the prevailing uptrend.
Also Read: Shiba Inu Price Prediction: Analyst Sees 260% Rally With This Breakout
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