With the cryptocurrency market hitting new highs every day, especially with Bitcoin surpassing $64,000, the meme coin sector is also gaining traction. The meme coin market cap is approaching $45 billion, with top and trending meme coins gaining momentum.
Among the top performers this week are DogWifHat, PopCat, and Brett. These coins are poised for potential 5X gains after experiencing a significant surge overnight.
### Trending New Meme Coins To Watch:
#### Popcat (POPCAT)
PopCat, a cat-themed coin based on Solana, is gaining popularity and is considered a must-buy new meme coin. The coin has recently experienced a breakout rally, forming higher highs in its daily chart. With a rounding-bottom reversal pattern, PopCat has reached a new all-time high of $1.07 after breaking through the $0.97 neckline.
Currently trading at $1.02, PopCat has crossed the billion-dollar market cap milestone. The coin has seen a 12.06% increase in the past 24 hours and a 43.92% surge in the last seven days. Based on Fibonacci levels, the potential price target for PopCat is $2 at the 1.618 level.
#### Dogwifhat (WIF)
Launched in late 2023, Dogwifhat is another new meme coin to watch in 2024. Trading near the $2 psychological mark with a market cap of $2 billion, WIF has seen a 13.40% increase in the past 24 hours and a 29% surge in the last seven days.
In the daily chart, WIF has broken through a long-standing resistance trendline, indicating a bullish trend. The coin is now challenging the 23.60% Fibonacci level at $2.04. With increasing momentum and a potential golden crossover on the horizon, WIF is likely to head higher, with potential targets at $2.91 and $3.86 based on Fibonacci levels.
#### Brett (BRETT)
BRETT, a rising star in the BASE ecosystem, is a new meme coin with a breakout potential. Currently trading at $0.086 with a market cap of $859 million, BRETT has seen a 7.78% increase in the past 24 hours and a 15% rally in the last seven days.
In the daily chart, BRETT shows a bullish reversal within a falling-channel pattern and is on track to challenge the overhead trendline. The coin is currently above the 50-day EMA, signaling a bullish breakout. Based on Fibonacci levels, a surge above the 23.60% level at $0.093 could see BRETT reaching $0.15 at the 78.60% level and potentially hitting $0.25 at the 1.618% level.
Overall, these top and trending meme coins are worth keeping an eye on as they have the potential for significant gains in the near future.