Meme Coin Market finished with a weak note in August, rising just 1.3% over the past week, almost flattening. For the past 30 days, major tokens have been deep in the red. Pepe has over 13%, Trump 12%, Bonk has over 32%, and SPX has over 42%.
Emotions remain stifled, but on-chain data and technical setups suggest potential changes. As September begins, three meme coins stand out in their accumulation patterns and price structures.
bonk (bonk)
It’s possible that Bonk is preparing for a rebound despite a 32% decline in the last 30 days and barely moving last week. Whale wallets increased their holdings by 16.22% and increased their stash to 2.51 trillion bongs.
Today it costs $0.0000215, and the addition is worth more than $7 million.
At the same time, the exchange has seen a 1.61% spill, indicating that retail continues to be on sale while whales accumulate. This divergence often precedes a stronger movement, which is why Bonk, one of the meme coins to watch in September, is important.
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Bonk Price trades nearly $0.0000216 at press time. This is a resistance that has been converted to major support. Breakouts above $0.0000239 can set up momentum upwards, with $0.0000282 being a bigger trigger.
However, if it falls below $0.0000195, the bullish setup will be disabled.
The indicator that indicates that the Bullbear Power (BBP) indicator weakens the bearish strength makes Bonk more ready for the September rise.
A stocky penguin (penguin)
Pudgy Penguins NFT brand-bound Penguins fell nearly 25% this month and traded almost flat last week. But the whale continues to be quietly built and has become one of the meme coins to watch in September.
Their balance rose 1.77% to 2.45 billion pennies, while the top 100 addresses added 0.13% to 746.6 billion. At $0.030, the addition of these massive holders is valued at $4.2 million.
Meanwhile, the exchange lost 2.55% of its supply, lost $12.6 million worth of supply, highlighting ongoing retail outlets and undermining selling pressure.
On the technical side, parabolic SAR – indicators that tend to exceed or under prices to indicate the direction of momentum – are now appearing under Pengu Price Candles. Combined with a wider 174% three-month gathering, the uptrend is alive and alive.
The important levels to watch are $0.031 and $0.036. A clean move above them could pave the way for $0.041 and open up a powerful September recovery for the Penguin.
Dip, below $0.028, denys bullish papers, but is interested in short traders. Either way, Penn appears to qualify as one of the meme coins to watch in September.
dogecoin (doge)
Doge, an OG meme coin, is relatively stable compared to his colleagues. It’s down just 2.2% over the past month, trading flat for most of August, but it’s up 2.4% over the past week and 9% over the past three months.
Large holders are taking notes. Between August 27th and 28th, Megawallets (over 1 billion people) raised their balances from 71.24 billion to 71.6 billion. This kind of accumulation makes Doge one of the meme coins to watch in September.
But that’s not all. For most of last week, the Dogecoin Bears are slowly losing ground following the indicators of Bullbears. When the setup took place on August 20th and 21st, the Doge price jumped from $0.20 to $0.24. The same setup may play again.
Currently, Doge is trading between $0.2176 and $0.2248. Pushings above $0.2449 are important to unlocking the rise, but drops below $0.2058 risk sliding to $0.1884.
Post-top 3 meme coins to watch in September first appeared on Beincrypto.
