Memecoins had a volatile week, with many tokens recording gains, while others suffered losses. The cascading effect of the broader market decline could further impact the memecoins that are showing losses.

BeInCrypto identified three memecoins that investors should watch, considering the market movement.

Pippin (PIPPIN)

A PIPPIN showed one of the strongest performances of the week, skyrocketing 451% over seven days. The memecoin is now trading at $0.152, marking a 10-month high.

PIPPIN is holding above the support level of $0.136, and the Parabolic SAR indicates a continuous uptrend, with markers positioned below the candlesticks. This scenario could elevate the price to $0.193 and potentially $0.255, assuming the bullish momentum remains intact.

If the rally loses strength due to profit-taking, PIPPIN may drop below $0.136 and retreat to $0.100. Such a movement would invalidate the bullish thesis and signal the beginning of a deeper correction.

Rekt (REKT)

REKT has emerged as a strong performer despite volatile market conditions, rising 68% in the last day. The memecoin is now trading at $0.0000002892, showing resilience even with broader sentiment leaning bearish.

REKT is holding above the support level of $0.0000002866 and may attempt an upward recovery if investors provide sufficient support. A move beyond $0.0000003347 and $0.0000003775 is essential for the memecoin to revisit the local peak of $0.0000004324.

If market conditions deteriorate further, REKT may lose its immediate support and drop to $0.0000002287. This decline would invalidate the bullish thesis and signal a deeper correction.

MEMECORE (M)

Memecore dropped 27% in the last week and is now trading at $1.38, just below the resistance level of $1.42. The memecoin is struggling to regain momentum after sustained market weakness.

The current readings of the CMF show strong outflows dominating Memecore, signaling a loss of investor confidence. If this continues, M may lose the support of $1.25 and drop to $1.13 or even $1.00.

However, if the bullish momentum returns, Memecore could recover and advance to $1.69. Surpassing this barrier could pave the way for $1.88, which would invalidate the bearish outlook and support a stronger recovery.

The article '3 memecoins to watch in the first week of December' was first seen on BeInCrypto Brasil.