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Best Memecoins to Purchase Today, March 25 - DOGE, WIF, SHIB

Highlights:

  • Dogecoin shows bullish potential, eyeing a 29% breakout after testing descending triangle support.
  • Dogwifhat rebounds strongly, with a breakout above $0.226 possibly driving further gains.
  • Shiba Inu’s upward trend could continue if it breaches resistance at $0.00000723.

Crypto prices are surging today following the reports of a Trump-backed 15-point US-Iran ceasefire plan aimed at bringing an end to the war. Bitcoin led the broad market rebound, surging back above the $70K key level. As a result, the total market capitalization has increased 0.80% to $2.44 trillion. 

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The memecoin sector displays a similar trend, with its market capitalization increasing by more than 5% to $32 billion. However, trading volume declined 20% to $3.20 billion, indicating reduced market activity. With the overall market sentiment showing a positive trend, let’s discuss the best memecoins to purchase today, such as Dogecoin, Dogwifhat, and Shiba Inu.

Best Memecoins to Purchase Today

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is up by more than 2% over the last 24 hours. This latest rally comes amidst the recent setback, which saw the price drop below the $0.1000 key level. Currently, the price is trading around $0.0967, with a market capitalization of $14 billion.

DOGE Price Chart: CoinMarketCap

With the bullish momentum building, market expert Ali Martinez has noted Dogecoin trades inside a descending triangle on the 4-hour chart. The price keeps printing lower highs while support holds near a flat base. This structure often signals rising pressure before a decisive break. 

Currently, DOGE looks to test the trendline of the pattern. Martinez has noted the setup points to a possible 29% move once the price successfully breaks out. However, a break below support at around $0.0886 would shift momentum downwards.

2. Dogwifhat (WIF)

The Solana-based memecoin, Dogwifhat, has displayed strong momentum following the market rebound. As of this writing, the memecoin is exchanging hands at around $0.196, up by 4% on the daily chart. Its market capitalization stands at $197 million.

WIF Price Chart: CoinMarketCap

Dogwifhat has broken out of the prolonged downtrend that held the price since late January. The memecoin is forming a series of green candlesticks, suggesting the continuation of the upward journey. The immediate resistance for the memecoin has been noted at $0.226. A break above this mark could lead to a rally toward $0.269 and $0.324.

Best Memecoins to Purchase Today, March 25 - DOGE, WIF, SHIB
WIF Price Chart: TradingView

Meanwhile, indicators such as the RSI and MACD are backing the continuation of the upward rally. The 14-day RSI is hovering in the neutral region at 53 levels, suggesting the rally is not yet exhausted. The MACD line is also holding above the signal line with green bars forming on the histogram, indicating strong bullish momentum.

3. Shiba Inu (SHIB)

Shiba Inu is exchanging hands at $0.000006214 after recording a gain of 1.20% over the last 24 hours. This bullish momentum has pushed the weekly gains to over 3% after a period of fluctuations in the price. However, the trading volume has declined by 30% to $130 million.

SHIB Price Chart: CoinMarketCap

Shiba Inu has formed a bullish setup on the daily chart, making it one of the best memecoins to purchase today. The price is forming higher highs and higher lows since bouncing from the support around $0.00000522. The bulls are now targeting the key resistance at the $0.00000723 region. Should the bulls breach this level, the next challenge has been observed at $0.00000819.

Best Memecoins to Purchase Today, March 25 - DOGE, WIF, SHIB
SHIB Price Chart: TradingView

Technical indicators also show that selling pressure in the market is easing. The RSI is currently holding in the neutral zone at 56 indices. Should the bulls hold the ground tight, the RSI could climb toward the overbought region, sending the price upwards.

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