PEPE is among top gainers in the market as it's on the verge of claiming key support zone.
FLOKI, WIF and MOG post over 20% gain, offsetting previous losses.
The meme coin sector is up more than 12% following the market recovery.
Meme coins are leading the crypto market again as the ripple effect of Bitcoin's recovery is flowing across major crypto categories. PEPE, WIF, FLOKI and MOG are at the forefront of the recovery, elevating their daily performance above the 20% mark on Monday.
PEPE, WIF, FLOKI, MOG lead market are largest gainers
After a heavy bloodbath across the meme sector in the past few weeks, the recent market recovery has seen several meme coins stage a comeback in the past 24 hours.
PEPE skyrocketed by 22%, bringing its weekly performance to a 17% gain. The recent rise has seen PEPE approach a prior accumulation zone, where investors purchased about 58.6 trillion PEPE for an average price of $0.000011. With the bullish sentiment gaining strength, investors are less likely to sell to breakeven around this zone; hence, it may serve as a critical throwback support level if PEPE manages to surpass it.
dogwifhat (WIF) soared over 22%, extending its weekly rise to over 24%. The rise saw WIF strengthening its place as the number one Solana meme coin after BONK temporarily took its spot last week.
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