5 Memecoins Predicted to Make Profits in October, What Are They?

Bittime - The memecoin sector in crypto promises a spectacular rise, despite the fact that memecoins are very volatile.

However, there are 5 memecoins that are currently predicted to bring profits for October 2024. What are they?

Read this article completely to find the complete answer.

5 Memecoins Predicted to Make in October

It is said that October is a golden month for the crypto world, because based on records from year to year, October is filled with good performance for many crypto coins.

Does the belief regarding October being a 'golden' month for crypto also apply to memecoins?

It seems like that, because recently the memecoin sector was also green.

Approximately, what memecoins are predicted to generate profits in October?

1. BRETT

The first memecoin that is predicted to generate profits in October 2024 is BRETT.

Since touching its highest peak of $0.195 on June 9, BRETT price has been declining in a descending parallel channel. 

The subsequent decline reached a low of $0.058 on August 5. 

Thereafter, BRETT underwent a recovery phase, confirming the channel support trendline as well as the horizontal support area at $0.080, which forms a long lower wick.

On September 26, BRETT finally managed to break out of the channel, thus indicating that the correction phase was over. 

The BRETT price increase that occurred appeared to be preceded by a bullish divergence, which was a positive sign before the price rose again.

2. BONK

The memecoin that is predicted to generate profits in the following October is BONK.

Since March, BONK price has moved in a symmetrical triangle pattern, with resistance and support trendlines having been tested many times. 

In September, BONK bounced back from the triangle's support trendline, triggering an ongoing upward move. 

The increase was preceded by a significant bullish divergence on the daily RSI and MACD indicators. 

After that, the RSI managed to rise above 50, while the MACD also moved upwards, crossing the 0 mark, indicating bullish momentum.

Even though technical indicators point to an upward trend, BONK prices still appear to be moving slowly. 

This is due to trading remaining within the horizontal resistance area at $0.000023, which for almost a year has served as the main support and resistance point.

3. POPCAT

POPCAT hits a new record as it reaches ATH.

POPCAT price has seen a significant spike since August 5. 

At first, the price was trapped in a symmetrical triangle pattern. However, on September 12, POPCAT managed to break out of the pattern, while reclaiming the horizontal area at $0.65.  

Since then, POPCAT price movement has been almost parabolic, until it reached a new record high of $1.09 on September 26. 

Despite the continued rise, the RSI and MACD indicators show no signs of weakening. 

Both indicators continued to rise without giving a bearish divergence signal.

4. BOME

Unlike the other memecoins on the list, BOME's price has been on a decline since April, reaching an all-time low of $0.0052 on August 5, resulting in a decline from the horizontal support area at $0.0075.

However, BOME prices appear to be recovering. BOME formed a double bottom pattern and managed to reclaim that horizontal area on September 26, as well as breaking out of the downward resistance trend that had accompanied the previous decline.

5. SUNDOG

SUNDOG price analysis shows a parabolic increase shortly after its launch on August 16. This upward movement peaked at $0.33 on August 26.

After experiencing a decline, the price started to rise again on September 8, following a steadily rising support trend line. This pattern forms an ascending triangle with resistance at $0.36, known as a bullish pattern.

Final Notes

So, those are the five memecoins that are predicted to generate profits this October. However, remember, this article is only a prediction and education, in no way inviting you to invest in the five memecoin assets mentioned.

Whatever your investment decision, it is your own responsibility. Do your own research before deciding to invest, especially in the crypto memecoin sector.

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