When will Memecoins Rally Again?

Krutika Adani

Despite recent turbulence in Bitcoin, the memecoin market shows clear signs of rebound.

Dogwifhat leads the market with a 10% jump in prices.

Dogecoin and Shiba Inu are near their 99-day exponential moving averages where they have found strong support.

However, Pepe still struggles to recover above a zone of resistance.

The overall recovery still largely depends on Bitcoin as it dominates 53% of the market cap.