Amid increased volatility in the cross-border market, the memecoin category has recorded a significant correction in their respective portfolio. Moreover, the top 5 losers in the first 100 cryptocurrencies are all memecoins, indicating an increase in the selling pressure for memecoins in the crypto space.
However, mid-cap and low-cap memecoins such as Meme Ai (MEMEAI), Brett (BRETT), and DOG.TO.THE.MOON (DOG) have recorded a significant uptrend in their respective portfolios, highlighting a rising interest of investors in these memecoin to maximize their profits.
Dive in as, in this article, we have covered the market sentiments, price analysis, and short-term price targets of MEMEAI, BRETT, and DOG memecoins.
Brett (BRETT):
With a trading value of $0.08519, a market cap of $840.244 Million, and a circulating supply of 9,910,236,395 BRETT tokens, the memecoin has secured the 223rd spot in the global crypto market list.
Despite recording a correction of 3.36% within the past day, the BRETT price has added 69.79% within the past week and 131.86% over the past 30 days. Moreover, the memecoin has a YTD of 120%, highlighting increased price action for the Brett coin price in the crypto market.
However, the technical indicator, MACD, displays a significant decline in the green histogram, indicating an increase in the selling pressure within the market. Moreover, the averages show a high possibility of a bearish convergence, suggesting a negative outlook for the memecoin in the coming time.
If the market holds the Brett price above the support level of $0.08380, the bulls will gain momentum and prepare to retest its resistance level of $0.09650. However, bearish price action could pull the price toward its lower support level of $0.0720.
Meme Ai (MEMEAI):
The MEMEAI coin price has recorded a correction of approximately 10% within the past day. However, it has added 34% within the past week and 72.59% over the past month, indicating a rising interest of investors in this meme token.
The Relative Strength Index (RSI) displays a sharp drop over the overbought range, resulting in it dropping below the range. Furthermore, the average shows a constant uptrend, suggesting a mixed sentiment for the memecoin in the crypto market.
If the bulls continue to dominate the market, the MEMEAI price will break out of its important resistance level and prepare to test its upper resistance level of $0.017600. Conversely, if the bears overpowered the bulls, the Meme Ai price would plunge toward its support level of $0.00480.
DOG.TO.THE.MOON (DOG):
The DOG memecoin continues to display a bullish price action by adding 25.68% within the past 24 hours and 72.73% over the past seven days. Furthermore, the DOG.TO.THE.MOON price has surged 125% this month and positively has a YTD of 65.69%.
The Moving Average Convergence Divergence (MACD) displays a constant rise in the green histogram, highlighting increased price action in the crypto space. Further, the averages show a high possibility of a bearish curve, suggesting uncertainty in future price action.
If the market holds the price above the support level of $0.006600, the DOG price will be prepared to test its resistance level of $0.007550 in the coming time. Negatively, if the bears dominate the market, it will retest its support of $0.005560.
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