Meme coins - Edition #1

After the failed Trump assassination attempt, the market saw it as a bullish event that increased the chances of a second term..... Positive shift in momentum and sentiment towards cryptocurrencies!

Germany's 50k Bitcoin stash is out of the way, huge L in German government (Not the right move). This marked the low of the current downtrend with daily bullish signals popping up all over crypto.

Note that someone kept buying after $BTC hit $53,000 and the price held for the next 7 days. The damage is over despite $3.5B in selling pressure since mid-June and we are back in the mid-range of this 6 month consolidation period.

New ATH in the horizon

Only a matter of time

Let’s dive into some of the most interesting MEME plays to take advantage of the new liquidity in the market.

Pepe (PEPE)

Continues to be our leading meme on Ethereum’s eco, showing a new bullish weekly signal
Price should remain bullish as long as it stays above $0.0000088. Any pullback after July 21-23 should be a buying opportunity in the areas between $0.000010 and $0.000011.

Dogwifhat (WIF)

I prefer to wait. Once the price gets above $2.5-$2.7 it gives a less risky entry with the conviction of having regained the previous lost support.
Either wait for it to recover or keep an eye on $1.24 in case something weird happens.

Bonk (BONK)

Knowing how good the Solana chart is building up, is a must to keep an eye on this one, as well as WIF, as some of the safest plays.
Price is stuck in a massive consolidation range and is not yet ready to make massive gains.
Above $0.000028, things will start to get interesting.
Above $0.000035, the possibility of a new ATH is in play.

For now, keep it as a range trade until a new trend is confirmed. Large 30% moves within this range if you play the above levels.

Popcat (POPCAT)

Cat memes have been getting some love lately, especially Popcat.
Pullbacks below $0.70 are good buying opportunities as the trend is active!

Honorable mentions:

$ANDY, $KHAI, $BOB, $PEIPEI, and $KOKO

Disclaimer: This content was originally published on Zelf Trade.