Meme coins have shed some of their early gains in the past 24 hours as the crypto market has experienced a pullback during the American session after many days of strong gains.
Shiba Inu (SHIB) and Pepe (PEPE) have managed to maintain some of their early gains and are still up by 6% in the past day, while Official Trump (TRUMP), Floki (FLOKI), and dogwifhat (WIF) have dipped to negative territory already.
Trading volumes in the past 24 hours have gone up by 40%, while the market value of all meme coins is still up 1.2% at $55.9 billion.
Despite this pullback, a handful of tokens have delivered strong gains in the past week. Fartcoin (FARTCOIN) currently leads the scoreboard within the top ten with 7-day gains of 57% followed by SPX6900 (SPX) and Bonk (BONK) with 46.3% and 28.8% respectively.
Meanwhile, Dogecoin (DOGE), the top meme coin by market capitalization, has gone up by 14.4% in the past week and its price action shows that there could be more upside ahead as the market continues to recover.
Dogecoin’s Chart Indicates that Meme Coins Will Keep Rallying Despite the Pullback
Looking at the daily chart, we can see how DOGE has booked gains for four days in a row although today’s selling pressure ate some of its early gains.
The price action broke above a descending triangle pattern and this confirms a bullish outlook for DOGE, especially as momentum indicators have all sent buy signals. The Relative Strength Index (RSI) made a bullish crossover on March 11 and has been distancing itself from the signal line since then.
Meanwhile, the MACD’s histogram shows that positive momentum has been steadily rising. If market sentiment continues to improve in the next few days, the odds favor a retest of the $0.2400 level by DOGE, meaning a 23% upside potential from current levels.
This bullish outlook is also confirmed by a double-bottom that DOGE made on 11 March when the price hit the $0.14 support level for a second time and bounced strongly off that mark.
The Fear and Greed Index has improved in the past couple of weeks after hitting a record low of 15 on March 10 as crypto investors went on a selling spree ahead of the Federal Reserve’s interest rate decision.
Now that the central bank has confirmed that two rate cuts are still on the table for the year, the market’s concerns may have been appeased for a while, creating room for a recovery.
However, it is still too early to tell if this will lead to a trend reversal as the price of most meme coins, including DOGE still sits at a fair distance from its nearest lower high.
Best Meme Coin to Buy: MIND of Pepe (MIND) Stands to Gain as the Market Recovers
Apart from popular meme coins like DOGE and SHIB, the best crypto presales of the year like MIND of Pepe (MIND) stand to gain as the market continues to recover and sentiment improves.
Since its presale event kicked off in January this year, MIND of Pepe (MIND) has raised nearly $8 million from investors to launch a powerful AI agent.
The agent is designed to progressively build an influential presence across social media platforms like X. This will be achieved by engaging in interesting conversations with high-profile accounts about meme coins and the crypto space.
MIND of Pepe will collect information from these interactions and deliver market insights to token holders to help them navigate these challenging market conditions and identify new opportunities in the marketplace before the general public.
The agent can also launch its own meme coins to capture the public’s interest in certain topics, images, and ideas. $MIND holders will get privileged access to the presale events of these tokens to reap the highest returns once they are listed on exchanges.
To buy $MIND, simply head to the MIND of Pepe website and connect your wallet. You can either swap USDT or ETH or use a bank card to make your investment.
