Top Meme Coins To Buy As They Hit Critical Supports

Top Meme Coins to Buy as They Approach Critical Support Levels

Meme coins have been the talk of the cryptocurrency world this year, offering impressive gains for buyers who purchased during recent corrections. As the broader market anticipates a resurgence later in 2023, these digital assets could lead the next bull run with remarkable momentum.

Amid the ongoing market downturn, top meme coins that previously experienced significant rallies have faced a steep correction. However, as they approach crucial support levels, the question arises: Will these community-driven coins stage a comeback?

PEPE Meme Coin Teeters at $0.000010

The frog-themed PEPE meme coin has suffered a significant decline, falling 36% from its all-time high peak of $0.0000166. The price has broken below a support trendline and is testing the psychological mark of $0.000010. Despite an intraday drop of 5.32%, the price remains above this level due to a lower price rejection near the 78.60% Fibonacci level.

WIF Token Buyers Tested at $2

WIF has fallen below a crucial support trendline, sending the price down to test the psychological mark of $2. With increased selling pressure, the meme coin has lost 44% within three weeks and an intraday drop of 9.52%. If the downtrend continues, WIF may fall to $1.27. However, strong support could trigger a bounce back, potentially reclaiming $3 this month.

Floki Offers Buy-the-Dip Opportunity with 50% Pullback

As one of the top performers in the meme coin segment, FLOKI has managed to maintain a 378% year-to-date growth despite a recent pullback of almost 50%. The price currently stands at $0.00016, with an intraday drop of 8.05%. As the downtrend continues, FLOKI may test the $0.00015 mark. This crucial support level presents an entry point for traders seeking a buy-the-dip opportunity.

BONK Charts Negative Cycle

Amidst the market correction, BONK has exhibited a bearish pattern within a rising channel. The price has broken below a crucial Fibonacci support level and the $0.000025 mark, approaching the bottom support level. However, buyers may reverse this trend if the declining trend finds support at the 23.60% Fibonacci level and the demand zone of $0.000020. In this scenario, the meme coin could potentially rise above $0.000025.