Top 5 Memecoins To Watch During This Crypto Dip!
The post Top 5 Memecoins To Watch During This Crypto Dip! appeared on BitcoinEthereumNews.com.
With the BTC price retesting its support level of $67,000 during the early Asian trading hours, the memecoin category has experienced a major price correction. With the current market trend, is this a crucial time to buy, hold, or sell meme coins? Planning on investing in memecoins but concerned about its prospects? Dive in as, in this article, we have covered the short-term market sentiment and price analysis of the top 5 memecoins. Shiba Inu (SHIB) Amid increased price volatility, the Shiba Inu price has recorded a drop of ~4% in the past day with a trading volume of $348.79 million. Moreover, with the recent price rejection, it continues trading within the triangle pattern. TradingView: SHIB/USDT The EMA 50/200-day has displayed increased bullish sentiment in the 1D time frame. Further, with a potential Golden Cross, the SHIB price hints at a potential bullish reversal during the upcoming time. If the bulls regain momentum, the Shiba Inu price will break out of its triangle pattern and head toward its resistance level of $0.00002350. Conversely, a bearish reversal could pull the price toward its low of $0.0000170. Also, read Shiba Inu (SHIB) Price Prediction 2024 – 2030 Bonk (BONK) With a drop of 1.89% in the past day, the BONK price has continued trading in a consolidated range between $0.00002125 and $0.0000270. Positively, it has surged 35.82% during the past month, highlighting a long-term bullish sentiment. TradingView: BONK/USDT The Moving Average Convergence Divergence (MACD) records a neutral price action in the 1D time frame. This highlights a weak buying-and-selling pressure for the meme coin in the crypto market. If the bullish sentiment sustains, the BONK memecoin will retest its resistance level of $0.0000270 this week. On the flip side, a bearish reversal could pull the price toward its low of $0.00002125 in…
Filed under: News - @ October 22, 2024 8:21 am