With bullish jump anticipation in Bitcoin spreading in the crypto market, the smart money anticipates a bull run in the meme coins. Further, the fact that multiple meme coins like the PEPE and FLOKI outperform most every other coin bolsters the thesis.
Amidst this race of meme coins, the NOT and MEW tokens are gradually making waves with a recovery possibility. The intraday gains and the underlying shift of emotions project a moonshot around the corner.
Will the new meme coins sustain the prevailing uptrend as the market goes haywire with the FOMC meeting this week? Let’s have a closer look at the MEW and NOT price charts to answer this question.
Will MEW Token Surpass $0.0065?
Tradingview
With a rounding bottom reversal in the daily chart, the MEW token reveals a trend reversal at play. As the meme coin gains bullish momentum, the end of the correction phase teases a new all-time high.
With a neckline at $0.0065, the bullish trend continuation pattern holds the future of the MEW token. A potential breakout rally in this meme coin could surpass the $0.01 psychological mark.
Currently, the meme coin trades at $0.0055 following the overnight jump of 5.86%. As per the Fibonacci levels, the altcoin sustains above the 50% Fibonacci level, increasing the chances of a price surge this week.
An uptrend continuation in the altcoin can target the $0.01255 mark or the 1.618 Fibonacci level.
NOT Price Trend Aims $0.030 With End of Correction
TradingView
With a massive bull run over the last month, the NOT price trend shows an ongoing pullback phase. Cruising under the crucial support of $0.020, this asset trades at $0.018, following the 3.54% overnight jump.
Currently, the meme coin reveals a deep pullback preparing for a bullish reversal this week. Further, the bullish crossover in the MACD and signal line support the uptrend chances in the NOT price trend.
With a bullish comeback, the Notcoin may challenge the 2.618 trend-based Fibonacci level at 0.02270. Optimistically, a breakout rally could hit the $0.030 mark if the momentum sustains.
