The post Best Memecoins For September 2024 : POPCAT, SHIB, FLOKI, BOME appeared first on Coinpedia Fintech News
The meme coins market has dropped from $48.28 B in the beginning of August to $38.4B by the end of August 2024. However, a few meme coins are showing possible surges and reversals in the next month, they are Popcat, Shuba Inu, Floki, and Bome.
Popcat (POPCAT)
At the time of writing Popcat Sol is at $0.6189 with a massive fall of 9.98% in 24 hours also the past weeks have been bearish for this me coin. Despite the coin showing volatility and a perfect memecoin for profit-making trend traders.
As seen on the POPCAT/USDT 4 hr chart, the price is moving in an upward channel pattern forming an ascending resistance and support.
The RSI at 48 facing down shows Popcat may see further corrections and move into the oversold zone, The MACD direction could hold the bullish trend for a long and move below the histogram with the Signal line(blue) line with Zero line( green).
Popcat buyers may find $0.59 as a buying opportunity and keep the patterns moving into an upward triangle to outburst.
Traders keep a watch at $0.54 and $0.53 levels, these are crucial, and a fall below this could push Popcat further down. If the asset can pull back to the $0.7 zone, the sentiment will push it beyond.
Floki (FLOKI)
Today’s drop in the market hit Floki to drop 18.3% in 24 hours which is a concern, the meme coin is poised to correct further before the support at $0.00012174.
FLOKi at the time of writing is $0.0001282, with price moving all the moving averages showing a week trend ahead.
In the FLOKI/USDT 4hr chart we can see the breakout from the bullish trend of the coin led to lower lows. The RSI is moving to the oversold zone and MACD turned lines to bearish.
FLOKI’s correction above $0.00012174 will hamper a buying opportunity, falling below that will find support at $0.000112.
Conversely, if the market turn positive FLOKI reversal to $0.00015 is expected in verify few trading sessions.
Shiba Inu (SHIB)
Despite of major decline of nearly 16% in the month, Shina Inu has been the whale’s choice. The report by IntoTheBlock shows an 81% surge in large holders’ NetFlow and the wale accumulation being increased.
Shiba Inu is already seen recovering from its downtrend in the last 2 days after the positive sentiment growing, The release of the upcoming DAO is yet another catalyst.
If the accumulation continues, SHIB will turn retail traders to enter positions above $0.000014 resulting in the surge, if the crypto market changes to bullish.
In The SHIB/USDT Chart, a breakout from the downward channel was registered, indicating a bullish attitude persists from the SHIB coin in the market.
Also the RSI and MACD changing direction from oversold and week momentum to neutral -Bullish movement.
Book of Meme(BOME)
The Solana meme coins BOME is shown recovery in Intraday and stays unaffecred by today’s market condition. Currently changing hands at $0.006257 with a 13.5% fall in 7 days and a downtrend in the monthly chart.
BOME/USDT Chart shows indicators turning favorable for future growth, the RSI at 39 is moving upward from the oversold to the neutral range.
Chaikin Money Flow (CMF) surged from a negative to a neutral zone, this shows the money inflow int other assets has increased, and buying activity is increasing.
If the trend continues, and CMF falls into a complete positive reading BOME will rise above the first resistance at $0.00745 and favourable marker conditions can shoot it up toward $0.01.