Like the broader encryption market, most Meme coins were performed terribly during February. The clouds witnessed by these distinctive symbols even forming its lowest new levels ever. However, there is an opportunity in this landmark, which appears to be close to its end.
Beincrypto analyzed five coins that could take their way back and restore their losses in March.
Abi Tate (Abi)
Daddy surprised the market this week an increase of 70 % in prices, and the February losses and more. Altcoin is currently trading at $ 0.054. This gathering represents a shift in the feelings of investors, which may indicate more upward trend if the current momentum continues.
Daddy is now looking for another gathering, and it may penetrate the resistance of $ 0.068. This level has been a challenge to Mimi’s currency since mid -December, but with bullish factors that lead the price, it may be finally invented. The continuation of this upward trend depends on the constant investor confidence.
However, if the Daddy fails to obtain $ 0.054 support, the price may be 0.045 dollars. The deepest decline can nullify the bullish view, which may lead to a shift in feelings and the restoration of the currency further.
Baby (Bibi)
Pepe continues the primary trend, as it is traded at $ 0.00000718 after the start of this decrease in November 2024. The ALTCOIN price remains under pressure, but the situation may turn. It is worth noting that Pepe has a strong relationship of 0.89 with Bitcoin, and it may put the stage to recover if BTC is rebound.
With Bitcoin is likely to approach the market bottom, PEPE can benefit from its recovery. If Bitcoin gains momentum, you will likely follow her example. It will be a major mark for this is the pepe fluctuation of 0.00000951 dollars to support and eventually exceed the resistance level 0.00001146, indicating more bullish direction.
If the declining direction continues, PEPE faces the risk of decline to less than its support of $ 0.00000748. The collapse across this level may lead to a test of $ 0.00000632, which nullifies the ups and a deeper decrease.
POPCAT (POPCAT)
Popcat has achieved a remarkable recovery, currently decreased by only 9.5 % throughout the month, as it was circulated at $ 0.265. Altcoin aims to violate $ 0.342 resistance, with the possibility of further bullish direction. A successful collapse may lead to great gains, especially if market morale continues to improve.
In previous market courses, he bounced from $ 0.238 support, along with bullish signals, feeding the gatherings of up to $ 0.645. ADX is currently sitting below the 25.0 threshold, indicating twice the declining momentum.
If Popcat follows a similar pattern, this transformation may increase 129 % increase.
However, if Popcat fails to violate $ 0.342, it may return to support levels at $ 0.238 or even $ 0.203. Such a decrease would slow up the upcoming expectations, indicating constant unification or more losses.
Sudanese Bean Single (PNUT)
The other PNUT company outperformed expectations, one of the best coins, by 56 % this week, reaching $ 0.226 and erasing February losses. Altcoin now focuses on $ 0.227 as a stable support level. Maintaining this level will be very important to continue upward momentum and the stability of prices in the short term.
Thanks to $ 0.227, it was successfully established as support, PNUT can take advantage of the improved market conditions and the investor’s confidence in the rise of about $ 0.442. This recovery will significantly show the losses it incurred in January, which is likely to determine Altcoin to achieve more gains if the market trends remain favorable.
However, if the PNUT fails to secure the support bottom of $ 0.227, ALTCOIN risk declining to $ 0.142. Such a decline would nullify the upcoming expectations, which pushes more monotheism and increased concerns about continuous recovery.
Penguins (Penguins)
Pengu hit the market bottom in February, and formed the lowest new level ever at $ 0.0067 amid the downward conditions. Nevertheless, Altcoin showed flexibility and can prepare for potential apostasy.
After declining 24.6 % this week, Pengu is currently trading at $ 0.0090 and aims to violate the level of $ 0.0100. If this resistance is overcome and turned in support, Altcoin may reach $ 0.0147. This would help recover most February losses, indicating a positive look.
However, if Pengu fails to break the $ 0.0100 barrier, it risks uniformity of its lowest level ever at $ 0.0067. In this case, the upscale thesis will be nullified, which may lead to more losses and undermine the confidence of the investor in the short term.
Disintegration
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