Shiba

bullish

Bitcoin

FLOKI

Shiba Inu

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/memecoins-signal-potential-upsurge-despite-bitcoin-slowdown/" data-wpel-link="internal">Memecoins Signal Potential Upsurge Despite Bitcoin Slowdown</a> 
In the <a href="https://en.coin-turk.com/exploring-the-impact-of-federal-policies-on-cryptocurrency-prices/" 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 upswing. 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, closing at a more cautious $0.089 by the end of the day. 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 indicates a double bottom formation within a descending channel, suggesting an upward movement. The positive crossover and bullish trend in the MACD indicator present a favorable outlook. The recent price rise suggests that the upward movement could extend 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 further down to $0.050 could be expected if this support is broken. 
<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. Recently, the death cross between the 50-day and 200-day SMAs 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, forming a bullish candle with a recent 7.17% rise, increasing the likelihood of an upward breakout. Currently trading at $0.0001256, FLOKI is up 0.77% during the day. 
Potential upward targets for the popular memecoin are $0.0001834 and $0.00021. Conversely, in a potential downturn scenario, a pullback to the support levels at $0.001101 and $0.00010 could be observed. 
<h2 style="text-align: justify" id="strong-shiba-inu-shib-strong">Shiba Inu (SHIB)</h2> 
Shiba Inu is moving in a similar price trend to 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 improved 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 bullish trend in the memecoin and the bull crossover in the MACD indicator are evident, the downward trends in the 50-day, 100-day, and 200-day SMAs indicate the possibility of a deeper correction. Nevertheless, 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 at $0.0000010 below the $0.000001288 level could be expected. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/memecoins-signal-potential-upsurge-despite-bitcoin-slowdown/" data-wpel-link="internal">Memecoins Signal Potential Upsurge Despite Bitcoin Slowdown</a></h5>
The post <a href="https://en.coin-turk.com/memecoins-signal-potential-upsurge-despite-bitcoin-slowdown/" data-wpel-link="internal">Memecoins Signal Potential Upsurge Despite Bitcoin Slowdown</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Memecoins Signal Potential Upsurge Despite Bitcoin Slowdown

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