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Memes had a turbulent week, with many tokens suffering losses while many others saw gains. The ripple effect of the broader market collapse could also impact loss-making meme coins.
BeInCrypto has identified three meme coins that investors should watch out for, given the market movement.
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PIPPIN
PIPPIN had one of the strongest performances this week, increasing by 451% in seven days. Now the meme coin is commercial At $152.0, which marks its highest level in 10 months.
PIPPIN holds above the $136.0 support level, and the Parabolic SAR indicates a continuation of the uptrend with indicators positioned below the candles. This setup could push the price towards $193.0 and possibly $255.0 if the bullish momentum remains intact.
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If the rise loses steam due to profit, PIPPIN could drop below $136.0 and decline towards $100.0. Such a move would nullify the bullish thesis and signal the beginning of a deeper correction.
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REKT
REKT emerged as a strong performer despite the turbulent market conditions, rising 68% in the past day. Now the meme coin is commercial At $0.0000002892, showing resistance even though the broader sentiment is pessimistic.
REKT is holding above the support level of $0.0000002866 and may try to bounce higher if investors provide enough support. A move through $0.0000003347 and $0.0000003775 is needed for the meme to revisit the local peak of $0.0000004324.
If market conditions deteriorate further, RECT may lose its immediate support and fall towards $0.0000002287. Such a decline would invalidate the bullish theory and indicate a deeper correction.
Mimicore (M)
Mimicore has fallen 27% over the past week and is now trading at $1.38, sitting below the $1.42 resistance level. Struggling meme value To regain momentum after continued market weakness.
The current CMF reading shows strong inflows leading Mimicore, indicating a decrease in investor confidence. If this continues, M may lose support at $1.25 and fall towards $1.13 or even $1.00.
However, if the upward momentum returns, it may Bounce MimiCore And you pay about $1.69. Passing this barrier could open the way to $1.88, which would cancel the bearish outlook and support a stronger recovery.
