Prices of top trending meme coins Trump (MAGA), Dogwifhat (WIF) and Book Of Meme (BOME) saw significant increases on Friday, outperforming the main cryptocurrency assets. The technical analysis suggests potential further gains for MAGA and BOME, while WIF may experience a short-term correction before resuming its upward trend.
Trump Meme Coin Recovery
Following a 35% decline on Thursday, the Trump (MAGA) digital currency experienced a 57% rebound, reaching $14.91 and surpassing its previous support of $9.78. With a favorable market outlook and potential news surrounding Donald Trump, MAGA may see a 30% increase to $19.92, as suggested by Fibonacci extension calculations.
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If the stock price for MAGA falls below $9.90, there is a possibility of a 30% decrease to reach $7.04, which would negate the positive outlook.
The potential gains for Dogwifhat’s price.
Although Dogwifhat (WIF) experienced a 20% decrease from its previous peak, there are indications of improvement as it rose by 3% to $3.46. If it maintains its position above $3.22 and $3.04, there is a possibility of a 13% surge to $3.66.
If the daily closing price goes below $3, it could result in a decrease of 7% to $2.81, suggesting a shift in the market’s pattern.
Forecast of Meme Book Pricing
The current price of Book Of Meme (BOME) is experiencing resistance at $0.0159. If this resistance is broken, there is potential for a 22% increase to $0.0207. However, if the price falls below the channel range, it could result in a 38% decrease to $0.008.