Santiment crypto sentiment platform predicts that a reversal in memecoins could come earlier than expected despite volatile conditions in the broader crypto market. The “nostalgia” narrative in the sector and the acceptance that memecoins are permanently dead are characterized as classic capitulation signals. It emphasizes the need to pay attention to sectors abandoned by the crowd; maximum pain usually indicates the bottom point.
Dogecoin’s price, which has historically moved significantly during memecoin uptrends, is down 32% over the past 30 days. Source: CoinMarketCapSantiment’s Memecoin Capitulation Signals
Santiment interprets the increasing fear on social media as a rebound signal. Memecoin total market cap fell %34.04 in the last 30 days to 31.02 billion dollars. This occurred during the period when BTC approached 60,000 dollars on February 3. Nostalgia-themed narratives indicate bottom formation in areas abandoned by investors.
Recent Performance in Dogecoin and SHIB
Dogecoin (DOGE), despite being the leader in memecoin rallies, lost %32 value in the last 30 days. Click for DOGE detailed analysis. From the top 100 crypto assets, Pippin (PIPPIN) +%243.17, Official Trump (TRUMP) +%1.37, and Shiba Inu (SHIB) +%1.11. SHIB has rotation potential.
BTC Price and Technical Support Levels
BTC is currently at 68.910 dollars, up +%4.07 in 24 hours. RSI 35.38 (oversold), trend downward. Strong supports:
| Level | Price | Score | Distance |
|---|---|---|---|
| S1 | 65.415 $ | 76/100 ⭐ | -%5.04 |
| S2 | 60.000 $ | 67/100 ⭐ | -%12.90 |
Resistances: R1 71.248 $ (%3.43 distance). EMA 20: 74.196 $. BTC detailed analysis
Impact of Binance SAFU Fund’s BTC Purchase
According to Arkham data, Binance’s SAFU fund bought 4.545 BTC worth 304.58 million dollars. This is an institutional buying signal when the market is at bottom; it could support memecoin rotation. BTC futures volume is increasing.
ETH and Memecoin Rotation in Altcoin Season
In the upcoming altcoin season, rotation may shift to ETH and high-risk coins, but gains will be selective. Management change at Ethereum Foundation (Tomasz Stanczak leaving) may affect the ETH ecosystem. NYSE American’s multiple crypto ETF options could increase memecoin liquidity.
Strategy for Memecoin Investors
- Monitor coins abandoned by the crowd (DOGE, SHIB).
- If BTC breaks S2 60K$, capitulation deepens.
- Track social sentiment for rebound with RSI <40.
Source: https://en.coinotag.com/early-reversal-in-memecoins-santiment
