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Meme coins are trying to find their place in a volatile market, as Bitcoin tries to recover. This could help speculative tokens bounce back even if the broader market’s recovery is slow.
BeInCrypto analyzed three such meme coins that investors should keep an eye on as the end of November approaches.
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Pippin
PIPPIN has become the strongest meme coin this week after growing 133% in seven days. The symbol is now trading at $0.067 and has successfully turned the $0.064 level into support, indicating strong demand from buyers and renewed market interest.
If the momentum holds, PIPPIN may rebound from this support and head towards $0.080. The moving averages indicate that the symbol has narrowly avoided a death cross, suggesting a return to bullish sentiment. This change could help push PIPPIN towards the $0.100 mark with increased enthusiasm.
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If investors start taking profits, PIPPIN may struggle to hold on to its gains. A drop below $0.064 could send the price towards $0.052. Losing this support will invalidate the bullish thesis and increase the possibility of a deeper correction.
Dogecoin (DOGE)
Dogecoin is still in a downtrend that started almost a month ago, but the momentum may change after the launch of the grayscale Dogecoin ETF (GDOG).
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The new product has sparked renewed interest, raising expectations for a potential increase The price of the meme currency this week
If the bullish sentiment strengthens, it can push DOGE to cross the $0.151 resistance and head towards $0.162. Dogecoin also shows a strong correlation of 0.95 with Bitcoin, suggesting that the rise of Bitcoin can amplify its upward movement. This alignment gives DOGE the opportunity to reflect the gains of the broader market.
If the ETF fails to generate enough enthusiasm, Dogecoin’s downward trend may continue. This may be followed by a drop below the $0.142 support level, which could send the price to $0.130. Such weakness will invalidate the bullish thesis and indicate further downward pressure to come.
GigaChad (GIGA)
Giga has posted a 27% increase in the past week, as the momentum has decisively changed from bearish to bullish. The Parabolic SAR confirms the presence of an active uptrend and indicates… Increase buyer interest And improve the technical conditions that support the continuation of the upward movement in the short term.
If this momentum continues, Giga could break above the $0.0053 resistance level and move towards $0.0059. Success in breaking this level opens the way to $0.0070, fueling the rally and attracting additional interest from investors while building confidence.
If selling pressure emerges, Giga could lose its upward momentum. A drop in the $0.0048 support level could push the price towards $0.0042 or even $0.0034. Such a decline will invalidate the bullish propositionIt increases the risk Deeper correction.
