Memecoin Analysis: Top 3 Memecoins Aiming 2X Growth by End of 2023

Meme cryptocurrencies  have solidified their presence in many investment portfolios, luring traders with the allure of significant returns in short spans. Amid the ‘Uptober’ crypto rally these assets not only witnessing substantial appreciation but also forging bullish chart patterns indicative of an extended recovery trend. As the market sentiment tilts in their favor, the top Meme coins like Shiba Inu, Dogecoin, and Pepe coin are positioned to extend their rally, capturing the attention of potential investors.

Dogecoin Price Prediction: Bullish Pattern Hints Extended Uptrend

Over the past three weeks, Dogecoin(DOGE) has charted an impressive recovery, escalating from $0.0573 to $0.0737, marking a robust 28.62% ascent. The bullish momentum reflected on the daily chart is potentially carving out a ‘ double-bottom pattern ‘, signaling a surge in buying pressure. 

If this pattern holds true, the  Dogecoin price  could breach the $0.083 neckline, setting its sights on a potential high of $0.11. Nevertheless, this ascent confronts a formidable resistance line that has directed a 20-month correction phase, posing a substantial blockade for bullish investors. 

Should the DOGE price decisively break through this threshold, it may signify an incipient trend reversal, potentially amplifying its valuation by 115% from the present levels, targeting a $0.15 zenith

Shiba Inu Price Analysis: Early Signs of Trend Reversal

The  Shiba Inu coin price  exhibits a prolonged downtrend encapsulated within a ‘ falling wedge ‘ pattern on the daily chart. This pattern has historically proven to be a crucible of market sentiment, with the price bouncing between its upper and lower confines twice in the past 16 months. 

In theory, the chart formation reflects the downtrend would soon be reaching its maturity and the buyers can take over the trend control. Currently trading at $0.00000823 with a modest 0.37% intraday rise, the SHIB price is edging closer to the wedge’s upper trend. 

A breakout above this downsloping pattern could catapult the price towards $0.0000158, subsequently aiming for $0.000018 – an endeavor that could yield a 117% appreciation from the current price point

Pepe Coin Price Analysis: Minor Pullback Before the Next Leap

Amid the recent market uncertainty, the  Pepe Coin price  witnessed a slight downturn in the last two weeks. Nevertheless, the daily chart reveals this pullback as a pause within a bullish ‘ flag ‘ pattern, which typically suggests a temporary consolidation in an ongoing uptrend. 

On October 6, the contract gave a decisive breakout from the pattern’s upper region signaling the end of correction. At present, the PEPE price is trading at $0.00000115, with attempts to cement its position above the recently surpassed level. The post-breakout rally should bolster buyers to challenge the multi-month resistance of $0.0000019. Surpassing this could pave the way for an extended rally toward $0.0000022, translating to a prospective gain of 101%.