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Although Bitcoin and Ethereum are continuing to chop up the crypto traders attempting to squeeze profits from minor price moves, the meme coin market seems to be rebounding. Following a slow slide from a total market value of $137 billion in December to $67 billion this February, meme coins are now benefiting from a cumulative 10% boost.
This has enabled tokens like Official Trump ($TRUMP) and dogwifhat ($WIF) to post significantly higher gains, backed up by bullish technical analysis patterns.
At the same time, a unique new meme coin – BTC Bull Token ($BTCBULL) – has entered the picture, with an ICO that some investors are rotating their profits into.
TRUMP and WIF Break Out of Classic Chart Patterns
Within financial markets of all kinds, technical analysts have established a huge range of ways to anticipate significant price movements. When volatility is high (as it always is in crypto), chart patterns consistently prove themselves as highly reliable options.
As we’ll discover when analyzing TRUMP and WIF, meme coin traders are especially fond of simple and easy-to-follow analysis.
For TRUMP (a coin that has managed to sustain its key support around $14), this week’s bullish meme coin market conditions have set up a descending triangle pattern that TRUMP’s price successfully broke through today. Loyal holders have been rewarded with a boost of approximately 20% so far, including a push above the $20 level:
Since this chart is tracking the price’s progression in 4-hour intervals, the following days will determine how far TRUMP can surge beyond this point. Another dip towards $14 could be on the cards – but so could an extended bullish move, which is not uncommon in the world of meme coins. As long as Donald Trump himself remains a solid supporter of the Web3 industry, TRUMP will continue to be a token to watch.
$TRUMP Horizontal levels & Ranges to watch. pic.twitter.com/dXukaZy7Vw
— Daan Crypto Trades (@DaanCrypto) February 14, 2025
Meanwhile, dogwifhat has been subject to extensive online criticism, due to its association with key influencers who have repeatedly upset the project’s community.
The negative sentiment around WIF has caused it to fall around -88% from its recent peak value of $4.83, which was set in mid-November 2024. Since December, WIF has dipped on an almost daily basis – and its most recent potential recovery is most clearly visible on its 4-hour chart:
Like TRUMP, WIF has managed to set up its own descending triangle breakout – but because this pattern is much shorter, the resulting pump (also roughly 20%) may be less likely to last. At the very least, WIF bulls will want the $0.55 price level to hold, which could lead WIF into a sideways range with an upper limit of $1 or $2.
$WIF #WIF – Nice falling wedge breakout here on 4hr.
82cents my next resistance.
If we reclaim that then back at $1 + pic.twitter.com/iwX4xQY99P— The Cryptomist (@Thecryptomist) February 14, 2025
Unless TRUMP and WIF really get fired up, meme coin fans will be much better off looking at trending new ICO projects that can offer investors the potential for major gains.
Could BTC Bull Token ($BTCBULL) be the Next Breakout Meme Coin?
Across the Web3 industry, the ultimate fate of almost every project is connected to the price performance of Bitcoin ($BTC). This means that if you believe in the future potential of blockchain technology and its real-world applications, you’re also a Bitcoin believer by default.
For supporters of both Bitcoin and meme tokens, BTC Bull Token ($BTCBULL) is a perfect match – and an important potential addition to their portfolio.
The Bitcoin Bull Token’s roadmap is both straightforward and rewarding, and involves a mix of real BTC airdrops and strategic BTCBULL token burns that will occur when BTC’s price hits particular targets.
For example, BTC airdrops (exclusively for BTCBULL holders) will take place when Bitcoin gets to $150,000 and $200,000. BTCBULL tokens will also be burnt when BTC reaches $125,000, $175,000, and $225,000 – reducing the BTCBULL supply, and potentially boosting its price.
At a Bitcoin price of $250,000, BTCBULL holders will also receive a BTCBULL token airdrop, immediately boosting the size of their holdings.
On the technical side of things, BTCBULL is a meme coin based on the Ethereum network – so to keep the real BTC airdrop process as convenient as possible, BTC Bull Token has partnered with Best Wallet.
Using Best Wallet’s user-friendly smartphone app, BTCBULL holders can track their entire crypto portfolio and receive their BTC airdrops directly through Best Wallet itself, as the platform is directly connected to the Bitcoin and Ethereum blockchains.
As word about the BTC Bull crypto presale is already spreading fast, it’s raised more than $1.4 million in just a few days. The BTCBULL price is fixed at $0.00236 for now, but the presale will soon progress through a series of stages that will see the price rise until BTCBULL launches on crypto exchanges, and the wider market takes over.
Additional BTCBULL tokens can also be acquired through a dedicated staking protocol, which rewards stakers at a dynamic APY rate of approximately 287% pa.
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