5 Meme Coins with the Most Vibrant Communities

The meme coin sector is often considered a difficult investment area for crypto investors due to its high volatility. These assets typically exhibit more dynamic movements than the market as a whole, making them popular for speculative trading. During the recent correction in June, the main coins experienced significant downturns, testing key support levels. However, given the overall uptrend in the market, this pullback may present an optimal buying opportunity, especially for meme coins with the most vibrant communities.

• Meme Coins – Dogecoin (DOGE)

Dogecoin, the largest meme coin, is known for its charitable initiatives and active participation on social media. Over the past three months, the DOGE price has exhibited a steady downward trend under the influence of the flag formation.

Dogecoin (DOGE)| Commercial view

The correction trend caused the asset to fall from $0.228 to $0.124, registering a loss of 46.3% while the market capitalization plunged to $17.98 billion. Amid the uncertainty of the weekend, the DOGE Price hesitates sideways, seeking support for flag support around $0.12.

Under the influence of this model, the DOGE the price is likely to see a 15% rebound and challenge the heard trendline. A successful breakout will signal the continuation of the uptrend and help buyers reach a high of $0.228.

Read also: Dogecoin Price Analysis: Reasons Why DOGE Selloff Is Imminent Below $0.1

Nicknamed the “Dogecoin killer”, Shiba Inu has built a massive community that continues to grow, driven by innovative projects and DeFi integrations. An analysis of the daily chart in SHIB shows the formation of the flag pattern. In theory, the chart pattern is known to cause a temporary pullback within two trendlines in order to regain bullish momentum.

Shiba Inu (SHIB)| Commercial view

Over the past three weeks, the shiba inu price plunged from $0.000029 to $0.0000178, recording a 39% decline while the market capitalization fell to $10.53 billion. If this trend continues, the memecoin could increase by another 22% to try to escape the resistance trend.

If buyers reverse the overhead trendline to take charge, the SHIB the price could chase the potential target of $0.0000295, followed by $0.0000456.

Read also: Crypto Stocks of the Week: Bitcoin Bull Run Fades While ETH ETF and Shiba Inu Advance

Inspired by the Pepe the Frog meme, Pepe’s piece has quickly gained popularity thanks to its playful branding and strong community initiatives. Throughout June, PEPE coin saw a steady downward trend, going from $0.00001725 to $0.0000113, a decline of 34.5%.

Pepe Coin (PEPE)| Commercial view

According to coinmarketcap, PEPE coin has a market capitalization of $4.78 billion, while the 24-hour trading volume is $365.79. Million. The two descending trendlines are currently causing the aggressive downtrend. Amidst a healthy correction and a bullish flag, the coin’s price is poised for a bullish breakout in the near future.

A daily candle closing above the overhead trendline will signal the end of the current correction. In the event of a supported purchase, the PEPE Price could continue the initial target of $0.0000175, followed by an extended rally to $0.00005.

Read also: Pepe Coin Price Analysis Hints at 40% Rally as Bull Flag Forms Amid Healthy Retracement

Named after Elon Musk’s dog, Floki Inu leverages celebrity influence and strategic marketing. It has a vibrant community engaged in charitable initiatives and environmental projects. Amid the recent market correction, the FLOKI the price saw a V-shaped top reversal from the $0.00035 high.

Floki| Commercial view

The bearish reversal fell 52% to trade at $0.000165, while the market cap currently stands at $1.6 billion. With the Bollinger Band indicator challenged to the downside, the FLOKI Price indicates a strong momentum downtrend, with the possibility of breaking above the 200D EMA around $0.00014.

However, with the daily chart projecting an intact upper and lower formation, FLOKI is likely to see strong demand pressure at the $0.00014 and $0.00011 support level.

Read also: Floki Inu Price Rally: Smart Money Stakes 14 Billion Tokens, Signaling Bullish Sentiment

A newer sensation in the world of coins, dogwifhat quickly gained traction thanks to its unique and humorous branding. Its presence on social media platforms and participation in viral trends has contributed to its vibrant community and growing adoption.

Dog Hat (WIF) | Commercial view

Solana-based coins witnessed a bloodbath in June, recording a 59% loss as the price fell from $4.08 to $1.66. With no clear support in the previously tested daily charts, the psychological $1.5 level remains the second best bet for Wireless buyers.

For marginalized buyers, forming a reversal is crucial before hoping for a sustainable floor. A bearish crossover state between the daily EMAs (20, 50, 100) indicates that the path to least resistance is down.

Take away

The meme coin industry remains a high-risk, high-reward investment space due to its inherent volatility and speculative nature. However, major coins like Dogecoin, Shiba Inu, PepeCoin, Floki Inu and Dogwifhat, known for their vibrant communities, are poised to rebound and can deliver substantial gains for investors as the broader market uptrend is intact .

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