3 Meme Coins That Became the Talk of the Town During the Crypto Market Crash

Jakarta, Pintu News – The cryptocurrency market experienced a sudden spike in volatility on Thursday (Aug 14), reflecting a change in sentiment following the release of US Producer Price Index (PPI) data by the Bureau of Labor Statistics (BLS) in the morning.

Bitcoin (BTC) is leading a deep sell-off, testing support levels around $117,000 after hitting a new record high of $124,474.

FOMC Impact on Crypto Market

Based on PPI data, wholesale prices of goods and services rose significantly in July, indicating that consumers are likely to pay more in the coming months.

Read also: 5 Altcoins That Could Steal the Show This Week, According to Crypto Analysts

This is a major concern for many risk asset investors, who are worried that the Federal Reserve (Fed) may consider delaying cutting interest rates for the first time this year in September.

If inflation continues to rise ahead of the Federal Open Market Committee (FOMC) meeting, the likelihood of an interest rate cut will decrease, impacting the performance of risky assets such as Bitcoin and altcoins.

Cryptocurrency prices are showing signs of short-term stability after an intraday pullback. Therefore, investors need to choose digital assets that can boost their portfolio recovery.

According to FX Street, some interesting tokens for investors to watch include Dogecoin (DOGE), Bonk (BONK), and SPX6900 (SPX).

Dogecoin

On August 14, 2025, Dogecoin briefly held above key moving averages, including the 50-day Exponential Moving Average (EMA) at $0.2131, the 200-day EMA at $0.2091, and the 100-day EMA at $0.2069.

These levels will serve as temporary support if the price drop resumes moving below the short-term support at $0.2200, which was tested on July 25.

If Dogecoin manages to recover from the immediate support, traders will switch focus to higher levels such as the resistance at $0.25, which was tested on Wednesday, and the July peak at $0.28.

However, the downtrend in the Relative Strength Index (RSI) approaching the centerline indicates diminishing buying pressure, which could limit the recovery in the short term.

Bonk

Bonk’s price fell more than 12% on August 14, 2025, briefly trading around $0.000026 at the time of writing. The meme coin is also holding above the Cup-and-Handle pattern’s resistance-turned-support at around $0.000025.

Read also: Will Dogecoin Price Jump 275% as Golden Cross and Derivatives Volume Surge?

The 100-day EMA at $0.000023 is ready to absorb selling pressure if the price drop gets sharper below the neckline.

Meanwhile, traders should keep an eye out for buy signals from the Moving Average Convergence Divergence (MACD) indicator. Such signals, which indicate investors to increase exposure, appear when the blue MACD line crosses above the red signal line.

If there is a trend reversal from the existing support, then the chances of Bonk continuing to rise towards the July peak at $0.00004074 will increase.

SPX6900 (SPX)

For SPX6900, the easiest path to take right now is down, supported by a falling RSI that is approaching the oversold area on the 4-hour chart (14/8). MACD is also showing a sell signal which will likely maintain the bearish bias.

If the price decline continues, traders may need to prepare for potential support around $1.40, which was tested in early August and mid-July.

However, a recovery could happen from $1.55, the current level for SPX, especially with the RSI entering the oversold territory. The key targets on the upside range between the 200-period EMA at $1.71, the sellers’ consolidation at $2.00, and the SPX July top at $2.28.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• FX Street. Top 3 meme coins to watch for portfolio recovery after inflation sell-off. Accessed on August 15, 2025