Meme coins have somehow managed to make headlines throughout Q3 despite the rest of the market remaining subdued.
As the market heads into Q4, some meme coins are still showing signs of potential rises. BeInCrypto has analyzed 5 of these meme coins that should be on your watchlist.
First Neiro on Ethereum (NEIRO)
While First Neiro on Ethereum shares its ticker with Neiro Ethereum, the former took the spotlight following its launch in September. In less than two weeks, NEIRO charted a 4,313% rise to an all-time high of $0.00137.
Despite a slight correction since then, NEIRO looks primed to continue its uptrend and potentially establish a new ATH in October. Given that the next major price point is $0.00250, the meme coin will likely end up forming a high price around this level.
Read more: 7 Hot Meme Coins and Altcoins that Are Trending in 2024
However, a failure to breach the current ATH could lead to a drop below the support of $0.00103. This would invalidate the bullish outlook and send NEIRO to $0.00076 or lower.
Baby Doge Coin (BabyDoge)
Among the top meme coins, BabyDoge stood out for the 131% rally it noted over the past month. Currently changing hands at $0.000000002241, the meme coin is looking to breach two key barriers at $0.000000002320 and $0.000000002571.
These resistances have held BabyDoge back since April this year, and a rise could send the crypto asset on track to hit $0.000000003800. This level forms the current all-time high for the meme coin, and the upcoming “Uptober” could catalyze a rise to it.
On the other hand, if history repeats itself, BabyDoge will end up losing its bullish momentum. Consequently, the meme coin would end up falling back down to $0.000000001968, invalidating the bullish thesis.
Shiba Inu (SHIB)
The second biggest meme coin is seemingly preparing for a breakout from the three-and-a-half-month-old barrier. Shiba Inu’s price is currently testing the local resistance at $0.00001961.
If breached, SHIB would be facing $0.00002093, a level that has acted as crucial support and resistance in the past. While the range beyond $0.00002093 to $0.00002976 presents consolidation for the meme coin, SHIB could gradually build the momentum necessary to escape it.
Read more: What Are Meme Coins?
But a failed breach at either of the aforementioned two resistances could dissipate the bullishness. This would pull SHIB back to $0.00001699, losing, which will result in a drop to $0.00001462.
Mother Iggy (MOTHER)
MOTHER is among those few coins that have a better shot at forming a new all-time high than sustaining the momentum. Historically, this meme coin has noted sharp rises and equally sharper corrections.
Facing the all-time high of $0.242, the altcoin stands just 93% from breaching it. Considering October is known to be a bullish month, MOTHER has a strong shot at breaching this ATH and forming a new one. This is likely provided the crypto asset first flips $0.149 into a support floor.
However, MOTHER would face a drawdown if the breach fails, sending the meme coin below $0.10. Losing the support at $0.092 would invalidate the bullish thesis, resulting in a drop to $0.051.
dogwifhat (WIF)
WIF price is looking at a potential 55% rally in the coming month as it breaks out of an ascending wedge. The bullish pattern is suggesting a rise to $3.43 in the next few weeks for dogwifhat.
While the rise is possible, WIF is facing multiple resistances in its path. The meme coin would need to bank on the broader market’s bullishness to validate the pattern. Along with profits, WIF would also end up forming a four-month high.
Read more: Dogwifhat (WIF) Price Prediction 2024/2025/2030
Nevertheless, considering both $2.36 and $2.75 have acted as crucial barriers in the past, WIF could fail in moving beyond them. This could invalidate the bullish outlook as WIF will likely continue hovering around the $2.01 support level.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
