The past week has proven to be exceptional for most meme coins, with the market cap of these tokens rising by nearly 9% to reach $76.58 billion. However, even amongst this bullishness, three tokens have stood out.
BeInCrypto has analysed these meme coins for the investors to watch in the coming days as they post gains.
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Ket (KET)
KET price surged 154% over the past week, trading at $0.0038 at press time. The Parabolic SAR is currently positioned below the candlesticks, signaling that an active uptrend remains intact. This indicates bullish momentum could continue as investors watch closely for the next price move.
Such momentum could push KET back toward the $0.0043 resistance level. Successfully breaching and flipping this barrier into support would open the path to higher gains. If achieved, the altcoin could rally further and potentially test the $0.0052 mark, strengthening confidence in KET’s ongoing bullish trajectory.
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However, risks of selling pressure remain present. If investors decide to book profits, KET could slip to $0.0033. A sharper decline could send the token to the $0.0024 support zone. This would erase recent gains and invalidate the current bullish outlook for the altcoin.
Dogecoin (DOGE)
Another one of the meme coins to watch is Dogecoin whose price is trading at $0.262 after slipping below the $0.273 support level. Despite this decline, the meme coin leader continues to flash bullish cues, suggesting momentum could still favor recovery. Investors remain focused on whether DOGE can reclaim lost ground and restart its upward trajectory.
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The 50-day EMA is diverging upward from the 200-day EMA, a signal of strengthening bullish momentum. This technical pattern often precedes price rebounds. If momentum holds, Dogecoin could reclaim $0.273 as support and push higher toward the $0.287 resistance, attracting stronger investor confidence in the short term.
However, risks remain if DOGE holders decide to offload their positions. Profit-taking could weigh heavily on the token, driving its price lower. In that scenario, Dogecoin could fall toward the $0.241 support level, invalidating the bullish thesis and potentially sparking further downside pressure.
Memecore (M)
M price has rallied 32% in the past week, now trading at $2.49 and sitting just under its all-time high of $2.61. The meme coin continues to show strong upward momentum, with investors eyeing further gains if bullish conditions persist in the coming days.
The CMF indicator highlights steady inflows into M, signaling increased investor confidence. Sustained capital movement could drive the token higher, potentially breaching the $3.00 level. Strong support from buyers would be essential for this breakout, helping the cryptocurrency extend its rally beyond the current resistance zone.
However, downside risks remain if profit-taking accelerates. Should investors decide to sell, the M price could quickly retreat toward $1.87 or even $1.33. Such a decline would invalidate the bullish outlook and erase recent gains.
Source: https://beincrypto.com/meme-coins-to-watch-in-the-second-week-of-september/