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It draws traders’ attention to meme coins as speculative capital returns to high volatility settings. After weeks of choppy conditions, many meme-based assets are showing technical signs of stabilization and starting to reverse course early.
The BeInCrypto team analyzed three meme coins that investors should follow in the second week of February.
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Pippin
PIPPIN Coin tried to reverse the trend after a sharp correction, with the price clearly rebounding from the $0.1565 demand zone and forming higher lows in the short term. BeInCrypto said the momentum is improving with the MACD forming a bullish crossover, suggesting that the selling pressure has eased and buyers are returning to the market.
The price is currently trading near $0.2592, which remains the immediate level for recovery. A strong daily close above $0.2671 would confirm the continuation of the trend and open a path towards $0.3083, with the potential to extend further to $0.3729 if momentum and volume turn in favor of buyers.
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Continue to hold this recovery structure until the price stays above $0.1861 on a daily closing basis. A break and close below $0.1565 will invalidate the bullish reversal, return momentum to the downside, and reveal a continuation of the downside, indicating that the rebound was corrective and not a trend change.
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Shiba Bone Pad (BONE)
BONE witnessed a rebound after a long-term decline, with the price holding the $0.0482 level. And back to The 23% Fibonacci level is at $0.0607. The structure showed the possibility of a short-term reversal with the entry of long candles, while the CMF index rose to -0.11, indicating a decrease in capital flows, but caution continues.
The price is currently trading at $0.0685 and testing the 38% Fibonacci retracement. The daily close clearly above $0.0685 paves the way for a continuation of growth towards $0.0747 (50% Fib), followed by a move towards $0.0810 at the 0.618 level. A break above $0.0810 will shift the market structure to the upside targeting $0.0899 next.
This continued The recovery is valid As long as the price stays above $0.0607 at the end of each day. A drop below this support could completely negate the bullish reversal, and push BONE towards $0.0481.
Banana for comparison (BANANAS31)
BANANAS31 coin has seen strong growth over the past four days, currently trading near $0.0043. I started Meem rates by clicking At the resistance of $0.0043, which corresponds to the Fibonacci retracement at the 38.2% level. Consider this crucial level to determine if recent momentum can support additional upside.
History has shown that BANANAS31 has previously failed to remove this resistance, making the current attempt crucial. The success of crossing the resistance is considered confirmation of the continuation of the uptrend. The money flow index indicated strong buying pressure, which increases upside opportunities. A move above $0.0047, the 50% Fibonacci level, could accelerate profits towards the $0.0051 target.
On the other hand, failure to break $0.0043 could lead to a correction towards $0.0039. Losing the Fibonacci support at 23.6% could weaken the structure. In this scenario, BANANAS31 could fall to $0.0035, negating the bullish outlook and erasing the meme’s recent recovery gains, returning it to the price level it was in early February.
