Major Memecoins Bottoming Out. Will This Be The Greatest Entry?

Heard of someone turning $100 into 100k or maybe $1k into a million? Well, there are lots of such stories in crypto. But how?

Memecoins are the lottery tickets to these stories. People got an ROI of 100x-10000x from $DOGE, $SHIBA, $FLOKI, $BONK, $TURBO, etc. They are usually driven by the community without any utility. Now, the real question is “when is the right time to buy memecoin”.

Looking at the price chart of top memecoins, Bitmala team has discovered a potential pattern.

Screenshot 2024 09 01 at 8.11.43 PM BitMala
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DogWifHat ($WIF) looks extremely oversold at the current price with a stochastic RSI of 20.

Screenshot 2024 09 01 at 8.12.13 PM BitMala
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Shiba Inu ($SHIB) looks extremely oversold at the current price with a stochastic RSI of 20.

Screenshot 2024 09 01 at 8.12.43 PM BitMala
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Dog Runes ($DOG) looks extremely oversold at the current price with a stochastic RSI of 10.

Screenshot 2024 09 01 at 8.13.06 PM BitMala
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Turbo ($TURBO) looks extremely oversold at the current price with a stochastic RSI of 10.

Screenshot 2024 09 01 at 8.13.32 PM BitMala
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FLOKI ($FLOKI) looks extremely oversold at the current price with a stochastic RSI of 20.

Screenshot 2024 09 01 at 8.14.36 PM BitMala
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BONK ($BONK) looks extremely oversold at the current price with a stochastic RSI of 10.

Screenshot 2024 09 01 at 8.15.11 PM BitMala
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Dogecoin ($DOGE) looks extremely oversold at the current price with a stochastic RSI of 20.

Do you see a bottom here? Are you buying any memecoins in this market?

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Krishna Dahal

Krishna Dahal is a web3 and crypto expert with over seven years of experience. Since starting full-time in 2017, he has contributed to 15+ blockchain projects. He is the founder of Lamida Crypto, a platform focused on crypto education and adoption, and the CEO of CheckerChain, a project building a decentralized trust and verification system. Krishna’s leadership has driven innovation in the crypto space, making him a key figure in advancing blockchain technology and decentralized solutions.
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