Shiba

Bitcoin

FLOKI

Shiba Inu

Rise

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/memecoins-signal-potential-rise-despite-bitcoin-slowdown/" data-wpel-link="internal">Memecoins Signal Potential Rise Despite Bitcoin Slowdown</a> 
In the <a href="https://en.coin-turk.com/high-volatility-in-the-cryptocurrency-market-230-million-liquidation-in-24-hours/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>, despite Bitcoin (BTC) and leading altcoins showing signs of slowing down, some memecoins are signaling a potential rise. Notably, alongside Tron (TRC) and Bittorrent (BTT), the altcoins to watch this week include BRETT (BRETT), FLOKI (FLOKI), and Shiba Inu (SHIB). 
<h2 style="text-align: justify" id="strong-brett-brett-strong">BRETT (BRETT)</h2> 
BRETT memecoin made an impressive 14.52% rise last night. The price rose to $0.1194 but closed at a more cautious level of $0.089. BRETT’s inability to stay above the psychological threshold of $0.10 raises questions about the continuation of the upward trend. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381766" src="https://coin-turk.com/wp-content/uploads/2024/08/BRETT.png" alt="" width="1803" height="896"> 
Technical analysis shows a double bottom formation within a descending channel, indicating an upward movement. The positive crossover in the MACD indicator and the upward trend present a favorable outlook. The recent price rise suggests that the upward movement could continue to the resistance at $0.1125 with the completion of a morning star formation. However, the downward trend in the 150-day SMA indicates a risk of pullback from the $0.10 level. 
If this level is surpassed, the Fibonacci levels at $0.1482 and $0.2246 could be tested. Otherwise, a pullback to the support level at $0.071 and, if broken, a drop to the support at $0.050 can be expected. 
<h2 style="text-align: justify" id="strong-floki-floki-strong">FLOKI (FLOKI)</h2> 
FLOKI is trading within a falling wedge formation on the daily chart. The recent death cross between the 50 and 200-day SMA increased selling pressure on the memecoin, but the current horizontal trend suggests a double bottom rise possibility. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381767" src="https://coin-turk.com/wp-content/uploads/2024/08/FLOKI.png" alt="" width="1802" height="896"> 
FLOKI is trading near the support level at $0.0001101, and the recent 7.17% rise formed a bullish candlestick pattern, increasing the likelihood of an upward breakout. Currently trading at $0.0001256, FLOKI is up 0.77% during the day. 
Potential rise targets for the popular memecoin are $0.0001834 and $0.00021. On the other hand, in a possible decline scenario, a pullback to the support levels at $0.001101 and $0.00010 can be seen. 
<h2 style="text-align: justify" id="strong-shiba-inu-shib-strong">Shiba Inu (SHIB)</h2> 
Shiba Inu is moving in a similar price trend as other memecoins. The daily chart shows a falling wedge formation, with SHIB finding support at $0.000001288 and experiencing a horizontal shift in the price trend. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-381768" src="https://coin-turk.com/wp-content/uploads/2024/08/Shiba-Inu.png" alt="" width="1814" height="836"> 
With improving investor sentiment, SHIB formed a double bottom pattern. Additionally, the recent 2.33% rise completed a morning star formation. Currently trading at $0.000001372, SHIB is up 0.59% during the day. 
Although the upward trend in the memecoin and the bullish crossover in the MACD indicator are observed, the downward trends in the 50-day, 100-day, and 200-day SMAs indicate the possibility of a deeper correction. Still, in an upward breakout, the price could rise to $0.0000020 and then reach the resistance at $0.000002732. Otherwise, a pullback to the support point below $0.000001288, at $0.0000010, can be expected. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/memecoins-signal-potential-rise-despite-bitcoin-slowdown/" data-wpel-link="internal">Memecoins Signal Potential Rise Despite Bitcoin Slowdown</a></h5>
The post <a href="https://en.coin-turk.com/memecoins-signal-potential-rise-despite-bitcoin-slowdown/" data-wpel-link="internal">Memecoins Signal Potential Rise Despite Bitcoin Slowdown</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Memecoins Signal Potential Rise Despite Bitcoin Slowdown

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