Crypto
Meme Coins See Reversals Amid Market Volatility
Two meme coins from the top three to watch in the second week of September have reversed sharply after surging more than 370% since August 31.
Bonk (BONK) is an exception, closing higher and near its recent highs. It broke above a descending trendline that had capped it since May 11, retesting support at $0.00000273 in early September.
Useless Coin (USELESS), on the other hand, rejected resistance after a 373% run from August 31 to September 5 and now trades near $0.2225, down 24.43% in 24 hours.
MarsCoin (MARSCOIN) has the widest gap to support of the three meme setups, with its 21-day EMA sitting at $0.092, about 50% below current levels.