Top Memecoins To Buy During The Ongoing Meme Market Correction!
Bitcoin price continues to hover near $100,000 today, causing top altcoins to regain momentum. However, the memecoin market has seen a strong bearish pullback this week, highlighting increased price volatility in the cryptocurrency space.
Considering the current market sentiment, will the meme coin market rebound strongly and hit a new ATH in this cryptocurrency bull run? Digging a little deeper, in this article we cover the top 3 meme tokens that have the potential to overtake the top coins.
Dovihart(WIF)
WIF price fell 5.54% in 24 hours, with a trading volume of $499.61 million. In addition, it fell 14.56% in 7 days and 20.41% in the past 30 days. It ranks 54th with a market capitalization of $2.91 billion.
Moving Average Convergence Divergence (MACD) shows a constant red histogram on the daily timeframe, with its average showing a constant downward trend. This indicates increased selling pressure on meme coins in the crypto market.
If the bulls regain momentum, WIF price will break the $3.1725 resistance and head towards the overhead resistance at $4.1950. Conversely, if the bears outweigh the bulls, Dogwifhat price will retest the $2.2440 support.
Also, please read Dogwifhat Price Prediction Revealing the long-term price outlook for this meme coin!
pepper (pepper)
Despite retracing 1.16% in 24 hours, Pepe price is up 13.23% in the past 7 days and 27.31% in the past 30 days. Additionally, the memecoin has a year-to-date return of 1,630.26%, making it one of the best-performing memecoins this year.
The simple moving average (SMA) continues to support the PEPE price chart on the 1D time frame. However, the MACD indicator points to bearish price action, highlighting the mixed price sentiment.
Assuming the bulls prevail over the bears, in which case the PEPE memecoin could reach new highs this month. However, if the bears regain momentum, the memecoin may retest the $0.00001800 lows.
Find answers to questions like Can Pepe reach 1 cent? read PEPE Price Forecast!
Bunker (Bonker)
Bonk memecoin has experienced similar price action, with its portfolio value declining significantly over the past seven days. It is worth noting that the memecoin has a 24-hour trading volume of $386,408 and a market capitalization of $2.910 billion.
Technical indicators SMA and MACD have been recording negative price movements on the daily time frame. This points to a bearish outlook for the cryptocurrency market’s fourth-largest meme coin.
If the market favors the bulls, BONK price will retest its overhead resistance at $0.00004704 this month. On the other hand, with bearish price action, this altcoin may retest its $0.0000270 support.
Wondering if Bonk price will reach new highs this altcoin season? Read CoinPedia’s bond price forecast. Also, subscribe to us to stay up to date with the latest crypto news!
FAQ
The top memecoins by market capitalization are Dogecoin, Shiba Inu, Pepe, Bonk, and Dogwifhat.
Given the current market sentiment, Pepe, Bonk, Wif, and PNUT are currently exhibiting higher price volatility, causing them to become the focus of market attention.
Based on historical market sentiment, the meme coin market may gain significant traction as altcoin season begins.
