Top 3 Meme Coins To Watch In September
The meme coin market ended August on a weak observe, rising simply 1.3% over the previous week and staying largely flat. Over the past 30 days, main tokens stay deep within the purple — with PEPE down 13%, TRUMP 12%, BONK over 32%, and SPX greater than 42%.
Whereas sentiment stays muted, on-chain information and technical setups recommend a possible shift. As September begins, three meme cash stand out for his or her accumulation patterns and worth constructions.
Bonk (BONK)
Regardless of falling 32% over the previous 30 days and barely shifting within the final week, BONK could also be making ready for a rebound. Whale wallets have elevated their holdings by 16.22%, elevating their stash to 2.51 trillion BONK.
At right this moment’s worth of $0.0000215, that addition is value greater than $7 million.
On the similar time, exchanges noticed 1.61% outflows, exhibiting that retail continues to promote whereas whales accumulate. This divergence usually precedes stronger strikes, and it’s a key motive why BONK is without doubt one of the meme cash to observe in September.
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The BONK price trades close to $0.0000216 at press time, a key support-turned-resistance. A breakout above $0.0000239 may arrange upside momentum, with $0.0000282 being the bigger set off.
Nevertheless, a fall under $0.0000195 would invalidate the bullish setup.
With the Bull Bear Energy (BBP) indicator exhibiting weakening bearish energy, BONK could be extra primed for an upside transfer in September.
Pudgy Penguins (PENGU)
PENGU, tied to the Pudgy Penguins NFT model, dropped almost 25% this month and has traded largely flat within the final week. But whales proceed to quietly construct, making it one of many meme cash to observe in September.
Their balances grew 1.77% to 2.45 billion PENGU, whereas the highest 100 addresses added 0.13% to achieve 74.66 billion. At $0.030, these massive holder additions are valued at $4.2 million.
Exchanges, in the meantime, misplaced 2.55% of provide, value $12.60 million, underscoring ongoing retail exits and weakening promote strain.
On the technical aspect, the Parabolic SAR — a trend-following indicator that locations traces above or under worth to point out momentum route — has flipped bullish, now showing underneath the PENGU worth candles. Mixed with its broader 174% three-month rally, the uptrend stays alive.
Key ranges to observe are $0.031 and $0.036. A clear transfer above these may pave the way in which to $0.041 and a powerful September restoration for PENGU.
A dip under $0.028 would negate the bullish thesis, however it might curiosity the quick merchants. Both method, PENGU does look certified as one of many meme cash to observe in September.
Dogecoin (DOGE)
DOGE, the OG meme coin, has been comparatively steady in comparison with its friends. It’s down solely 2.2% over the previous month, traded flat most of August, however has gained 2.4% this previous week and is up 9% over three months.
Giant holders have taken observe. Between August 27 and 28, mega wallets (1 billion DOGE or extra) raised their balances from 71.24 billion to 71.62 billion DOGE — a 0.53% improve, value round $84 million at $0.2230. This type of accumulation makes DOGE one of many meme coins to watch in September.
However that’s not all. For the higher a part of the final week, Dogecoin bears have been slowly dropping floor, per the Bull Bear Indicator. The final time this setup occurred between August 20 and 21, the DOGE price jumped from $0.20 to $0.24 in hours. The identical setup may play out once more.
Presently, DOGE trades between $0.2176 and $0.2248. A push above $0.2449 is essential for unlocking upside, whereas a drop under $0.2058 dangers a slide towards $0.1884.
The publish Top 3 Meme Coins To Watch In September appeared first on BeInCrypto.
