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Top Memecoins Tokens To Stack In This Crypto Market Correction!

Pro Crypto Analyst Predicts Significant Decline For Memecoin PEPE And Other Altcoins

The post Top Memecoins Tokens To Stack In This Crypto Market Correction! appeared first on Coinpedia Fintech News

The cryptocurrency market has displayed a negative price action for the second consecutive day, indicating a rising bearish sentiment in the crypto space. Moreover, top tokens have leveled all their gains from the recent pump, highlighting a mixed sentiment.

Following this, memecoins have displayed a similar trend by recording a significant correction in their respective portfolios. With the rising volatility in the crypto space, will memecoins make a comeback this month?

Dive in as, in this article, we have covered the market sentiments and price analysis of the top 5 memecoins that have the potential to record significant uptrends in their respective portfolio during the upcoming time.

Mog Coin (MOG):

Despite recording a correction of approximately 20% within the past 24 hours, the MOG price has jumped 4.14% over the past seven days. Moreover, the memecoin has surged 11.02% within the past 30 days and has a YTD return of approximately 3,100%.

Mog Coin Price Analysis
TradingView: MOG/USDT

The Moving Average Convergence Divergence (MACD) displays a constant decline in the green histogram, indicating an increase in the selling pressure for the memecoin in the crypto space. Moreover, the averages show a high possibility of a negative crossover, suggesting uncertainty in future price action.

On the other hand, the SMA indicator records a negative crossover in the 1D time frame, suggesting a negative outlook for the MOG coin price in the coming time.

If the market regains momentum, the Mog price will prepare to retest its upper resistance level of $0.000002130. Conversely, if the bears continue to dominate the market, the Mog Coin crypto will plunge toward its low of $0.000001950.

Dogwifhat (WIF):

Despite recording a jump of 1.37% over the past seven days, the dogwifhat price has lost 10.28% within the past 24 hours and 35.16% over the past 30 days. Positively, this memecoin has a Year-to-Date (YTD) return of 1,096.96%.

WIF Price Analysis
TradingView: WIF/USDT

The technical indicator, SMA, displays a potential bearish convergence, suggesting a strong bearish sentiment for the WIF price in the crypto market.

Moreover, the RSI has failed to surpass its mid-point, resulting in it recording a negative price trend. Further, the average shows a high possibility of a negative crossover, suggesting the WIF coin price will continue losing value this week.

If the dogwifhat price holds its value about the crucial support level of $2.10, the bulls will regain momentum and prepare to test its upper resistance level of $3.990 in the coming time. However, in case of bearish action, the memecoin will drop toward its low of $1.240.

Bonk (BONK):

The BONK memecoin has recorded a similar trend by recording a correction of 4.85% within the past day with a trading volume of $358.71 Million, a change of -8.38%. However, it has jumped 9.42% within the past seven days and 67.30% in valuation this year.

BONK Price Analysis
TradingView: BONK/USDT

Positively, the MACD displays a rising green histogram, indicating an increase in the buying-over-selling pressure in the crypto space. Further, the averages show a constant uptrend, suggesting the Bonk price will continue gaining value this week.

On the other hand, the Simple Moving Average (SMA) constantly acts as a support to the price chart in the 1D time frame, suggesting a positive outlook for BONK memecoin.

If the market pushes the BONK coin price above the resistance level of $0.0000270, this memecoin will head toward its upper resistance level of $0.00003390 during the upcoming weeks. Negatively, if the bears gain control, the price will plunge toward its low of $0.0000150.

Pepe (PEPE):

Amid cross-border market correction, the Pepe price has lost 6.01% within the past 24 hours and 13.29% over the past seven days. Moreover, the memecoin has plunged 28.39% over the past 30 days. However, it has surged 737.27% this year, highlighting a long-term positive influence.

PEPE Price Analysis
TradingView: PEPE/USDT

The technical indicator, MACD, displays a constant flatline in the histogram, highlighting a weak price action for the memecoin in the cryptocurrency space. Moreover, the averages show a neutral trend, suggesting a mixed sentiment for the PEPE price.

If the market regains momentum, the PEPE coin price will prepare to test its upper resistance level of $0.00001410. Conversely, if the bears overpowered the bulls, the memecoin would plunge toward its important support level of $0.00000880.

WHY (WHY):

Built on the BNB Smart Chain (BEP20), the WHY project is a cryptocurrency based on a meme. It takes its inspiration from internet memes and has significant attention from the crypto market over the past few weeks.

With a trading price of $$0.0000001153, and a circulating supply of 420 Trillion WHY tokens, this memecoin has secured the 545th position in the global crypto-list with a market capitalization of $48.42 Million.

Despite recording a correction of approximately 12% within the past 24 hours with a trading volume of $21.13 Million, a change of +13.12%. This altcoin has surged 437.87% in valuation since inception, initiating a strong long-term bullish sentiment.

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