Meme Coin Investors Flock Back to Established Favorites
Investors are shifting their focus back to established meme coins like Dogecoin and Shiba Inu, which still hold nearly half the meme coin market cap. This renewed interest is largely driven by caution towards new meme coin launches that often fail quickly.
Experts highlight Dogecoin as the benchmark for meme coins, with technical indicators showing potential bullish signs. Analysts see a key support level near $0.056, where a TD Sequential buy signal suggests a possible price rebound to targets of $0.16 and potentially $0.45.
Some analysts warn that meme coins carry high risks and many fail, but the return to 'OG culture' could benefit legacy coins like Dogecoin and Shiba Inu. This shift suggests a more stable phase for meme coins amid market skepticism.