Just like the broader crypto landscape, meme coins mostly had a rough ride in February. In fact, the dips were so deep for some that they even touched new all-time lows. However, every cloud has a silver lining, and this current downtrend might just be setting the stage for a rebound.

The team at BeInCrypto has taken a closer look at five meme coins that are showing signs of potentially bouncing back and recouping their recent losses this March.

Daddy Tate (DADDY)

DADDY has been quite the surprise package this week! It’s shot up by 70%, not only recovering all of February’s losses but even adding to it. Currently trading around $0.054, this surge suggests a real shift in how investors are feeling, and if this buzz keeps up, we could see it go even higher.

Right now, DADDY has its eyes on breaking through the $0.068 resistance mark. This price point has been a tough nut to crack since mid-December, but with the wind of bullish sentiment behind it, a breakthrough might finally be on the cards. Keeping this upward trend going really hinges on investors continuing to believe in it.

On the flip side, if DADDY can’t hold its ground at the $0.054 support level, we might see it slide back down to the $0.045 support. A deeper drop than that could throw a wrench in the bullish predictions, possibly changing the overall mood and pushing the coin further back.

Pepe (PEPE)

Pepe’s been on a bit of a downward journey, currently trading at $0.00000718 after starting this slide back in November 2024. It’s still facing some price pressure, but things could be about to change. Interestingly, PEPE moves very closely with Bitcoin, showing a strong connection of 0.89. This could mean if Bitcoin makes a comeback, PEPE could well follow.

With talk of Bitcoin potentially nearing its lowest point for this cycle, PEPE could be in a good position to benefit from any Bitcoin recovery. If Bitcoin starts to pick up steam, PEPE is likely to ride that wave. A key sign to watch for is PEPE turning $0.00000951 into a new support level, and eventually pushing past the $0.00001146 resistance – those would be strong signals of more upside.

However, if the downtrend keeps going, PEPE could be in danger of falling below its $0.00000748 support level. If it breaks through this, we might see it testing the $0.00000632 level, which would weaken any positive predictions and suggest a deeper fall.

Popcat (POPCAT)

POPCAT has shown a pretty impressive recovery, and while it’s still down about 9.5% for the month, it’s trading at $0.265. Now, POPCAT is aiming to break through the $0.342 resistance, with potential for even more gains beyond that. If it manages a successful breakout, we could see some significant upward movement, especially if the overall market feeling continues to improve.

Looking back at previous market patterns, a bounce from the $0.238 support, combined with positive market signals, has often led to rallies as high as $0.645. Right now, the ADX indicator is below 25.0, which suggests that the downward pressure is getting weaker.

If POPCAT follows similar patterns from the past, this change in momentum could be the starting point for a potential 129% jump.

On the other hand, if POPCAT can’t manage to push past $0.342, it might head back down to test its support levels at $0.238, or even $0.203. A drop like that would cast doubt on any bullish outlook and could point towards continued sideways trading or even further losses.

Peanut The Squirrel (PNUT)

PNUT, another meme coin that’s caught attention, has actually done better than many expected, rallying 56% this week. It’s now reached $0.226, effectively wiping out February’s losses. Now, PNUT is focused on solidifying $0.227 as a firm support level. Holding this level is going to be key for maintaining its upward climb and keeping its price steady in the near future.

If PNUT successfully establishes $0.227 as its support, it could really take advantage of the improving market conditions and growing investor optimism to make a move towards $0.442. This kind of recovery would make up for a significant chunk of the losses suffered in January and could set the stage for even more gains, assuming the market trends stay positive.

However, if PNUT can’t secure $0.227 as a solid support, it runs the risk of falling back to $0.142. A drop like that would hurt the bullish case, likely leading to more sideways movement and raising concerns about whether a sustained recovery is really on the cards.

Pudgy Penguins (PENGU)

PENGU hit its lowest point in February, setting a new all-time low of $0.0067 amidst a generally negative market. Despite this low point, it’s shown some real fight and could be gearing up for a possible comeback.

After bouncing back by 24.6% this week, PENGU is currently trading at $0.0090 and is aiming to break through the $0.0100 level. If it can get past this resistance and turn it into a support, PENGU could then target $0.0147. This kind of move would recover a good portion of February’s losses, signaling a potentially brighter outlook.

But, if PENGU struggles to break through that $0.0100 mark, it might end up just hovering above its all-time low of $0.0067. In that scenario, the positive predictions would be less likely, potentially leading to further dips and shaking investor confidence in the short term.