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<p>The post <a href="https://coinpedia.org/price-analysis/top-meme-coins-test-key-supports-is-a-rebound-on-the-horizon/">Top Meme Coins Test Key Supports: Is a Rebound on the Horizon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the Bitcoin price crashing under the $58,000 support level, the altcoin market is on fire. Amongst the altcoins, the meme coins have taken a massive hit, with the top coins crashing to their crucial support levels.</p> 
<p>With a market cap of $38.46 billion and a volume of $3.11 billion, the segment has more than doubled compared to last year’s $15 billion cap.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1512" height="331" src="https://image.coinpedia.org/wp-content/uploads/2024/09/02122425/image-11.png" alt="Top memecoins data 2nd september 2024" class="wp-image-345747" srcset="https://image.coinpedia.org/wp-content/uploads/2024/09/02122425/image-11.png 1512w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122425/image-11-300x66.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122425/image-11-1024x224.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122425/image-11-768x168.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122425/image-11-150x33.png 150w" sizes="(max-width: 1512px) 100vw, 1512px">
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<p>Further, Over the past year, the top <a href="https://x.com/lookonchain/status/1830451316042444913" target="_blank" rel="noreferrer noopener">meme coins </a>have dropped an average of 63% from their 52-week high. Let’s take a closer look at the top meme coins to buy as the crypto market crashes.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="h-dogecoin-doge">Dogecoin (DOGE)</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">Dogecoin price</a> shows a falling channel pattern in its daily chart and is testing a crucial support level of $0.095 as it breaks under the 0.10 psychological mark. The downfall occurs with the 6.10% bearish engulfing candle formed this Sunday.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="763" src="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12.png" alt="Doge price analysis 2nd september 2024" class="wp-image-345748" srcset="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-300x143.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-1024x488.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-768x366.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-1536x732.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-150x72.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>However, the bullish divergence in the RSI line projects a potential bounce back this week. However, the dynamic 50-day EMA could provide resistance at $0.10962. Before that, the reclamation of the 0.10 psychological mark will be a tough task.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-shiba-inu-shib">Shiba Inu (SHIB)</h2> 
<p>Coming as the second biggest meme coin in the industry, Shiba Inu projects a similar price action to Dogecoin. Instead of a falling channel, the<a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noreferrer noopener"> Shiba Inu price</a> action forms a falling wedge pattern, which reflects higher price constriction and increases the possibility of a bullish breakout.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="763" src="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12.png" alt="SHIB price analysis 2nd september 2024" class="wp-image-345749" srcset="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-300x143.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-1024x488.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-768x366.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-1536x732.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-150x72.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>However, the bearish week for Shiba Inu accounts for a 12.19% drop and puts it back to the crucial support level of $0.00001288. However, the meme coin shows a similar bullish divergence and projects a potential bounce back to challenge the confidence of the resistance trendline and the 50-day EMA. A bullish breakout will put the 200-day EMA on the price target radar at $0.00001748.</p> 
<h2 class="wp-block-heading" id="h-floki-floki">FLOKI (FLOKI)</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/floki-price-prediction/" target="_blank" rel="noreferrer noopener">Floki price</a> action projects a slightly similar but better underlying movement following the two big meme coins. Trapped in a falling channel pattern, the meme coin reflects a bearish crossover between the 50-day and 200-day EMA, a death cross.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="763" src="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12.png" alt="Floki price analysis 2nd september 2024" class="wp-image-345750" srcset="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-300x143.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-1024x488.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-768x366.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-1536x732.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-12-150x72.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>However, with the recent negative cycle forming five bearish consecutive candles, the meme coin returns to its crucial support level at $0.000111. Furthermore, the meme coin reflects a positive trend in the daily RSI line.&nbsp;</p> 
<p>Hence, the uptrend could signal a bullish bounce back to the $0.00015 peak. On the flip side, $0.00010 is psychological support to hold a breakdown run.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-brett-brett">BRETT (BRETT)</h2> 
<p>The BRETT meme coin based on the base blockchain, reveals a higher price range movement with an expanding channel. The meme coin has broken below its crucial support level in the daily chart at $0.00757.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="764" src="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10.png" alt="Brett price analysis 2nd september 2024" class="wp-image-345746" srcset="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-300x143.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-1024x489.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-768x367.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-1536x733.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-150x72.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>With a 9.66% drop on Sunday, the <a href="https://coinpedia.org/price-prediction/brett-based-price-prediction/" target="_blank" rel="noreferrer noopener">Brett price</a> trades at $0.07310 with an intraday gain of 1.40%. With a potential retest at play, the support levels under the limelight are $0.064 and $0.056.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-popcat-popcat">POPCAT (POPCAT)</h2> 
<p>Unlike the other meme coins, the <a href="https://coinpedia.org/price-prediction/popcat-sol-price-prediction/" target="_blank" rel="noreferrer noopener">POPCAT price</a> reveals a crucial support trendline at play. With an expanding channel in the daily chart, the POPCAT memecoin reveals a negative cycle, testing the support trendline at $0.052. Putting an end to the bear cycle, the intraday gain of 4.25% teases a bounce back from the support trendline.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="764" src="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10.png" alt="popcat price analysis 2nd september 2024" class="wp-image-345745" srcset="https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-300x143.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-1024x489.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-768x367.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-1536x733.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/09/02122426/image-10-150x72.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>However, in case of a bearish breakdown, the crucial support levels are at $0.35 near the expanding channel’s baseline and $0.19. On the upside, the $0.70 and $0.95 are critical resistances.</p>

Top Meme Coins Test Key Supports: Is a Rebound on the Horizon?

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