Top 2 Memecoin To Watch When Market Is Down Today
Release: 2024/07/19 00:06 Reading: 769
Top 2 Memecoins to Monitor during Market Volatility
The recent market correction has provided a respite after a significant surge in market capitalization. Despite the overall market cooldown, memecoins have maintained their momentum.
MOG Coin
MOG, an Ethereum-based memecoin, has experienced an impressive surge of over 12,000% since its launch in July 2023. It has consistently surpassed its previous highs.
Despite its current price of $0.000001964, MOG continues to gain traction. Smart money wallets have recently accumulated significant amounts of MOG tokens.
Technical indicators suggest a potential rebound for MOG. The MACD is declining, indicating possible corrections, while the Alligator indicator shows lines crossing, suggesting a potential reversal.
PEPE
The third-largest memecoin by market capitalization, PEPE, has been the most actively traded in this cycle. It has surged over 25% in the past week.
PEPE's open interest has risen to $148 million, indicating strong trader interest. Whale activity has also been notable, with whales acquiring large amounts of tokens.
The PEPE/USDT chart shows the RSI indicator in a neutral zone, suggesting potential corrections. However, the Ichimoku cloud indicator indicates a bullish trend, with the price remaining above the clouds.
Conclusion
MOG and PEPE are promising memecoins to monitor during this market volatility. Smart money wallets and whale activity suggest their potential for growth. Traders should closely observe price movements and smart money changes to identify potential market trends and opportunities.
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