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The meme coin market suffered in the past seven days falling by 10.8%, with the combined value of joke tokens now standing at $69.5 billion. This sharp drop is a warning sign for the investors looking to buy meme coins.
However, BeInCrypto has analyzed three meme coins for the investors to watch that could still make a comeback owing to the shift in market conditions.
Toshi (TOSHI)
TOSHI price is among the few meme coins posting gains this week, rising 20.8% over the last seven days. The token is currently trading at $0.00075, with this level acting as a key support that could define the short-term price direction for the altcoin.
The 50-day EMA positioned under the candlesticks shows bullish momentum remains alive. If TOSHI manages to hold its ground, the token could rebound toward $0.00086. Sustaining this climb would give it room to push higher and attempt $0.00098, marking another strong move for the meme coin.
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TOSHI Price Analysis. ">
However, risks remain if bearish pressure builds or investors choose to sell. TOSHI could lose the $0.00075 support, exposing the token to further downside. A breakdown would likely send the price toward $0.00068, which would invalidate the bullish outlook and weigh on investor sentiment.
MemeCore (M)
M price has held steady compared to other meme coins this week, avoiding major losses. The token is trading at $2.56, holding above the key support of $2.39. This resilience suggests that M investors are defending the level, which could shape the next move for the coin.
If M bounces from $2.39, a 24.9% rise would be needed to reach the all-time high of $2.99. The Parabolic SAR indicator currently sits below the candlesticks, signaling that bullish momentum is building, which supports the possibility of recovery and an eventual breakout toward the ATH.
However, if investor sentiment shifts, M could slip below $2.39 support. This breakdown would expose the token to further decline, potentially falling toward $2.17 or even lower. Such a move would invalidate the bullish thesis and create renewed bearish pressure on the meme coin’s outlook.
Fartcoin (FARTCOIN)
FARTCOIN has faced significant losses this week, dropping 24.29% and ranking among the worst-performing altcoins. Despite the sharp decline, a potential silver lining remains for investors.
The Relative Strength Index (RSI) is approaching the oversold threshold, which historically signals a rebound opportunity for assets. If momentum shifts, FARTCOIN could bounce from its $0.600 support level, targeting $0.678 and potentially $0.732.
These gains would offer relief to holders seeking recovery after the recent steep declines.
FARTCOIN Price Analysis. ">
However, if bearish momentum continues to weigh on the token, FARTCOIN risks breaking below the $0.600 support level. Such a move would expose the coin to further downside pressure, potentially sliding toward $0.500. This decline would invalidate the bullish thesis and extend losses for meme coin investors.
The post 3 Meme Coins To Watch In The Fourth Week Of September appeared first on BeInCrypto.