Meme coins have had a volatile week, with many tokens observing gains while many others suffer losses. The cascading effect of the broader market’s crash could further impact the meme coins that are noting losses.
BeInCrypto has identified three meme coins that investors should watch, considering the market’s movement.
SponsoredPippin (PIPPIN)
PIPPIN has delivered one of the strongest performances of the week, soaring 451% over seven days. The meme coin now trades at $0.152, marking a 10-month high.
PIPPIN is holding above the $0.136 support level, and the Parabolic SAR indicates a continuing uptrend with markers positioned below the candlesticks. This setup could drive the price toward $0.193 and potentially $0.255 if bullish momentum remains intact.
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If the rally loses strength due to profit-taking, PIPPIN could slip below $0.136 and retreat toward $0.100. Such a move would invalidate the bullish thesis and signal the start of a deeper correction.
SponsoredRekt (REKT)
REKT has emerged as a strong performer despite volatile market conditions, climbing 68% in the past day. The meme coin now trades at $0.0000002892, showing resilience even as broader sentiment leans bearish.
REKT is holding above the $0.0000002866 support level and may attempt an upward bounce if investors provide sufficient backing. A move past $0.0000003347 and $0.0000003775 is essential for the meme coin to revisit the $0.0000004324 local peak.
If market conditions deteriorate further, REKT could lose its immediate support and drop toward $0.0000002287. Such a decline would invalidate the bullish thesis and signal a deeper correction.
MEMECORE (M)
Memecore fell 27% over the past week and is now trading at $1.38, sitting just below the $1.42 resistance level. The meme coin is struggling to regain momentum after sustained market weakness.
Current CMF readings show strong outflows dominating Memecore, signaling fading investor confidence. If this continues, M could lose the $1.25 support and drop toward $1.13 or even $1.00.
However, if bullish momentum returns, Memecore could rebound and push toward $1.69. Clearing this barrier may open the path to $1.88, which would invalidate the bearish outlook and support a stronger recovery.
