2 meme cryptocurrencies that may recover next week

The cryptocurrency market saw its total market capitalization drop to $2.41 trillion, and the price of Bitcoin temporarily fell below $66,000.

The fear and greed index is 53, while the low 24-hour trading volume is at $72.8 billion. Despite this downward trend, some cryptocurrencies are showing signs of a possible recovery.

Pepe (PEPE)

Pepe attracted quite a few people with its impressive gains of 829% in six months, bringing the asset closer to the top 20 cryptocurrencies by market capitalization.

At the time of writing, PEPE is trading at $0.0000121. Investors gradually returned after trading volume rose 16% to just under $1 billion.

Technical analysis shows that there is a strong buy signal as the RSI reached 57.5, indicating increased interest among investors.

Shiba Inu (SHIB)

Although it has not yet reached an all-time high like three years ago when Shiba Inu was valued at $0.00008845, the meme token recently traded around the $0.00002088 level, which was the result of higher transaction volume – an increase of over 40 % to about $482 million.

Technical analysis shows that SHIB is currently in a strong buy zone, making it potentially one of the first cryptocurrencies to start recovering from the recent decline.