Top 3 Meme Coins to Watch in the Second Week of September
Two of the three meme cash to watch surged greater than 370% since Aug. 31, then reversed sharply on Sunday. Bonk (BONK) is the exception, closing larger and close to its current highs.
The three setups now sit at very completely different distances from their nearest assist. That hole, relatively than the dimension of the rally, defines the threat heading into the week forward.
Bonk Breaks Its Downtrend
Bonk broke above the descending trendline that had capped it since the May 11 high close to $0.00000800. The Aug. 21 breakout got here on the heaviest quantity of the previous 5 months.
BONK has since confirmed $0.00000273 as assist, retesting it in early September. The token trades close to $0.0000035, up 5.59% in 24 hours, with a market cap of $308 million.
Immediate resistance sits at the Aug. 21 swing high round $0.00000375, adopted by $0.00000400. Above these, $0.00000485 traces up with the declining 200-day transferring common close to $0.00000490, roughly 38% larger.
The Relative Strength Index (RSI) reads 67 and continues to rise. However, BONK nonetheless prints decrease highs on the larger timeframe till $0.00000485 provides means.
Useless Coin Rejects Resistance After a 373% Run
Useless Coin (USELESS) rallied 373% from its Aug. 31 low close to $0.0668 to a Sept. 5 peak of $0.316. That run stalled at the $0.262 to $0.278 resistance zone.
USELESS now trades close to $0.2225, down 24.43% in 24 hours, with a market cap of $222 million.
The hole beneath present ranges is the concern. Its 21-day exponential transferring common sits at $0.1231, about 45% underneath spot, whereas the $0.093 to $0.100 assist shelf is roughly 55% decrease. Only the $0.20 degree stands in between.
That shelf capped USELESS by means of June and July earlier than the surge reclaimed it. Meanwhile, RSI at 74.2 has began to flip towards its sign line.
MarsCoin Is the Riskiest of These Meme Coins to Watch
MarsCoin (MARSCOIN) has the shortest historical past of the three, with about 5 weeks of buying and selling since late July. It climbed about 745% from $0.030 on Aug. 21 to a $0.253 high on Sept. 6.
The token then rejected the $0.240-$0.248 zone and closed the session at $0.1832, down 23.76% for the day.
MARSCOIN reveals the widest hole to assist of the three meme setups. Its 21-day EMA sits close to $0.092, about 50% beneath, and the $0.060 to $0.066 zone is roughly 67% decrease.
Volume peaked on Sept. 4 and has contracted since. In distinction, RSI has slipped solely to 71 from 78, with no bearish divergence but.
The submit Top 3 Meme Coins to Watch in the Second Week of September appeared first on BeInCrypto.
