Top 3 Meme Coins to Watch This Week
Meme coins have gained significant attention in the cryptocurrency world due to their volatile yet often rewarding nature. As the broader market faces ups and downs, some meme tokens are standing out with their impressive performances. Let’s take a closer look at three meme coins worth monitoring closely this week.
PIPPIN: A 10-Month High Performance
Leading the pack is PIPPIN, a rising star in the meme coin market. Over the last seven days, PIPPIN has soared by an astonishing 451%, reaching a 10-month high and currently trading at $0.152. The coin has maintained its critical support level of $0.136, with the Parabolic SAR signaling a continuing uptrend. With momentum on its side, the price could climb further to $0.193 and potentially $0.255.
However, if bullish momentum wanes due to profit-taking, PIPPIN could see a dip back to $0.100. Investors are advised to tread cautiously as this move would invalidate the existing bullish outlook.
REKT: Defying Market Volatility
REKT has also attracted attention with its resilience in unstable market conditions. In just one day, it has jumped by 68%, trading at $0.0000002892. While the general sentiment in the market is bearish, REKT has held its ground above the $0.0000002866 support level, showing potential for upward movement.
If investor confidence grows, we could see this coin break through to $0.0000003347 and $0.0000003775, potentially revisiting its local peak of $0.0000004324. On the flip side, if the market softens further, REKT might fall toward $0.0000002287, which would signal a deeper correction.
Mem the Struggles and Potential of Memecore
Memecore has been on a downward trajectory, losing 27% of its value in the past week and trading at $1.38. Investors have witnessed the coin struggle against falling confidence as indicated by the negative Chaikin in Money Flow (CMF) readings, suggesting strong capital outflows.
If negative sentiment continues, Memecore might lose its crucial $1.25 support, dropping further to $1.13 or even $1.00. However, all hope is not lost. A revival in investor sentiment could see Memecore climb toward $1.69. Breaking past this level might open up the possibility of reaching $1.88, potentially reversing the bearish momentum.
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Protect Your Investments
Remember, cryptocurrency investments are highly volatile and speculative. Make sure to conduct proper research and consult a financial expert before engaging with these assets.
Related Product to Explore
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