Dogecoin, Shiba Inu And MemeCore have started to gain traction as the broader crypto market shows early signs of recovery. Meme coins market cap has increased by 2.4% in the last 24 hours, bringing the market cap to 2.75 trillion.
The top Meme coins, such as Dogecoin, Shiba Inu, and MemeCore, are recovering following a slight decline in the past week amid the downturn. At the same time, the most popular cryptocurrencies, including Bitcoin, Ethereum, ADA, and Solana, are gradually gaining momentum.
Dogecoin Price Rebounds 5%, Eyes Recovery After Bearish Trend
Dogecoin price recovered to $0.11 after a 5.45% gain over the past 24 hours, signaling potential short-term upside. DOGE is resilient despite a wider downtrend of -11.35% in the last week and -23.56% in the last 30 days. The meme coin is already on the bottom edge of a long-term downward-trending channel.
Open interest increased by 7.71%. to $1.29 billion, and options volume increased by 173.19%. to 277.19 million. DOGE Price action signals the early recovery after a bearish weekend. Continued momentum may push the future Dogecoin outlook toward $0.12, possibly even $0.15 in the near term.
Shiba Inu Price Rises 5% as Burn Rate Surges Over 480%
Shiba Inu price rose 5% over the last 24 hours, showing resilience amid a broader market downturn.
However, SHIB is still negative by 10% this week and 12% on the month despite this temporary improvement. The SHIB is now trading in a very important weekly support area and seems to be stabilizing.
The burn rate of SHIB increased 480.45% in the previous day, and more than 5.8 million tokens were taken off the market.
When this support zone is occupied, and market selling pressure ends, a bull swing may be appreciated. Analysts believe such a move might lift SHIB above the $0.0000075 level in the short term.
MemeCore Price Jumps 22% as Traders Eye Return to $2 Mark
MemeCore price surged by 22.34% in the past 24 hours, climbing to $1.49 as bullish momentum returned. The increase in the volume of derivatives by 2.4 million shows more interest on the part of traders in the speculation.
This recovery follows a previous oversold position of MemeCore, which resulted in a drastic recovery.
Daily trade volume increased by 28% to $16.1 million, positioning MemeCore as one of the best performing coin in the market today. The rally was further fueled by Hyperliquid’s recent unveiling of ‘HIP-4’ for prediction markets.
As MemeCore is experiencing renewed hype and robust market action. The price might keep increasing further, possibly topping the $2 mark in the near future, should the bullish trends persist.
What’s Next for Dogecoin, Shiba Inu And MemeCore?
Dogecoin is recovering and could surge upwards. Shiba Inu can be considered sustainable as sentiment is improving. With fresh interest, MemeCore acquires great impetus. These meme coins might extend their rallies if the market remains bullish as it becomes stable.
Source: https://coingape.com/markets/top-3-meme-coin-price-prediction-dogecoin-shiba-inu-and-memecore-ahead-of-market-recovery/
