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Top Memecoins to Invest In Today, March 21 – Shiba Inu, Dogwifhat, Dogecoin

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Highlights:

  • Shiba Inu is holding above $0.00000527 as buyers look for a move toward $0.00000689.
  • Dogwifhat is staying near $0.175 as the price tries to recover after a long decline.
  • Dogecoin is trading near $0.094 as traders watch for a move toward $0.104.

The crypto market is down today as macroeconomic stress keeps the market turbulent. Meanwhile, the risk appetite from buyers has cooled today. According to analysts, the market is not crashing but bleeding out slowly due to thin order books.

As of press time, the overall market cap is down 0.44% to $2.42 trillion. In addition, the trading volume is down 22.17% to $78.04 billion. The fear and greed index stands in the fear zone at an index of 32. The memecoin market cap is down 0.1% to $33.2 billion, and the trading volume stands at $2.2 billion, according to CoinGecko data. Amid the market stress, here are the top memecoins to invest in today.

Top Memecoins to Buy Today

1. Shiba Inu (SHIB)

SHIB has defied the market momentum today with a green candle on the daily chart. The memecoin is trading at $0.000006023, a 1.24% increase in the past day. However, the trading volume is down 5.41% to $148.94 million. Meanwhile, the market cap of the memecoin stands at $3.54 billion.

Top Memecoins to Invest In Today, March 21 – Shiba Inu, Dogwifhat, Dogecoin
Shiba Inu Price Chart: CoinMarketCap

Shiba Inu is stabilizing after a steady decline that pushed the price into a key demand zone. The price is holding above the $0.00000527 level, which now acts as strong support. This area stopped the recent drop and triggered a small recovery.

Top Memecoins To Invest In Today, March 21 – Shiba Inu, Dogwifhat, Dogecoin
Source: TradingView

The price is currently trading near $0.00000689, which acts as immediate resistance. A break above this level could open a move toward $0.00000898, the next major supply zone. Meanwhile, the price structure is forming higher lows, which signals early strength. However, if the price loses $0.00000527, it could drop back into lower demand levels.

2. Dogwifhat (WIF)

WIF is trading at $0.1806, a 2.14% increase over the last 24 hours. The market cap stands at $180.41 million. Meanwhile, the trading volume of the memecoin is down by 11.88% to $63.81 million.

Top Memecoins To Invest In Today, March 21 – Shiba Inu, Dogwifhat, Dogecoin
Dogwifhat Price Chart: CoinMarketCap

Dogwifhat is stabilizing after a prolonged decline that pushed the price into a key support zone. The price is holding around the $0.175 level, which continues to act as a strong base.

Source: TradingView

Meanwhile, the price is trading under a descending trendline that still controls the structure. This trendline continues to reject upward moves and keeps the price compressed. If the price breaks above it, the next major target sits at $0.42. At the same time, the MACD is improving and supports a possible recovery. However, a break below $0.175 would weaken the setup.

3. Dogecoin (DOGE)

The largest memecoin by market cap is trading at $0.09433, a 0.23% decrease in the past day. In addition, the trading volume is down 32.14% to $606.6 million, while the market cap stands at $14.48 billion.

Top Memecoins To Invest In Today, March 21 – Shiba Inu, Dogwifhat, Dogecoin
Dogecoin Price Chart: CoinMarketCap

Dogecoin is showing signs of exhaustion after a steady multi-week decline on higher timeframes. The price is trading near the $0.094 level, which now acts as immediate support. Meanwhile, the $0.087 level sits below as a stronger demand zone. If the price drops below $0.094, it could test this lower support.

At the same time, a TD Sequential nine has appeared, which signals a possible reversal. The next resistance sits at $0.104, followed by $0.119. If the price holds support, it could attempt a recovery toward these levels.

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