Memecoins
Top Memecoins for a 2X Rise Next Week!
With major cryptocurrencies continuing to show consolidated price action, small- and mid-cap memecoins have shown increased price action adding significant valuations to their respective portfolios.
Furthermore, this highlights an increase in buying pressure for memecoins in the cryptocurrency market. With the growing dominance of memecoins in the crypto space, will meme-based crypto tokens soon be on the verge of experiencing a new round of Memecoin Mania?
In this article, we have covered the top 5 memecoins that are currently showing strong bullish sentiment and have high potential to register massive gains during the coming week.
MAGA (MAGA):
Despite witnessing a correction of 8.62% in the last week, the price of MAGA coin in the last 24 hours has added 15.40% to its portfolio with a change of -8.02% in trading volume. Furthermore, with the growing hype over Trump tokens, the price of MAGA has increased by 2,115.36% this year.
TradingView: MAGA/USDT
The SMA indicator recorded a bullish crossover during the start of the week. Since then, it has consistently supported the price chart on the 1D time frame, highlighting a growing bullish sentiment in the crypto space.
The Moving Average Convergence Divergence (MACD) shows an increasing green histogram, which indicates an increase in buying pressure for the memecoin in the market. Furthermore, the averages show a steady upward trend, suggesting that the MAGA price will continue to gain value in the coming times.
With increased price volatility in the crypto space, if the bulls continue to gain momentum, MAGA coin price will prepare to test its upper resistance level of $0.000488. However, if there is a bearish reversal, MAGA memecoin will plummet towards its crucial support of $0.000184.
Turbo (TURBO):
Turbo price continues to lead the memecoin rally with a jump of 2.96% in the last 24 hours and 21.90% in the last seven days. With an increase of 194.86% in the last 30 days, Turbo price has rewarded its investors with a year-to-date (YTD) return of 1,433.50%.
With a trading price of $0.0057, a circulating supply of 69,000,000,000 TURBO tokens and a market capitalization of $372.87 million, Turbo price has successfully secured the 209th position on the global cryptocurrency list .
The technical indicator, RSI, shows a bullish curve above the midpoint, indicating an increase in price action for the memecoin in the market. Furthermore, the average shows positive sentiment, suggesting that the price will continue to gain value in the coming times.
If the market pushes the Turbo price above the $0.0060 resistance level, the bulls will regain momentum and prepare to test its upper resistance level of $0.00945 in the coming time. On the contrary, if the bears get the better of the bulls, the memecoin would plummet towards the low of $0.00452.
Memecoin (MEME):
Despite recording a correction of around 3% in the last day and 13.17% in the last week, MEME price is constantly monitored by investors, indicating a high possibility of it recording a bullish reversal in its price chart in the next period.
The Cross 50/200 day EMA shows a steady decline on the 1D time frame, suggesting an increase in bearish sentiment in the cryptocurrency market.
On the other hand, the MACD records a steady decline in the red histogram with its averages showing a high possibility of bullish convergence. This suggests a mixed price sentiment for the Memecoin price in the market.
If the bulls regain momentum, the MEME cryptocurrency price would gain momentum and retest its important resistance level of $0.030. Negatively, if bears continue to dominate the market, Memecoin price will drop towards the crucial support level of $0.0125.
Mog Coin (MOG):
MOG price increased by 13.74% in the last day and gained 3.34% in the last week. Additionally, memecoin has seen a gain of 8.82% over the past 30 days and is up 1,959.44% this year alone.
The Relative Strength Index (RSI) shows a high possibility of a bearish crossover in its price chart. However, the MACD is seeing a steady increase in bullish sentiment with its averages suggesting potential bullish convergence. This highlights mixed sentiment for the altcoin in the market.
If the Mog coin price maintains its value above the $0.0000009820 resistance support level, the bulls will prepare to test its upper resistance level of $0.00000127. Conversely, bearish price action could push the price towards its important support level of $0.000000680.
ANDY (ETH) ANDY:
Built on the Ethereum chain, Andy’s 0x68 contact is just one step away from the Pepe memecoin that starts with 0x69. With a supply of 1 trillion tokens and a market capitalization of $206 million, Andy (ETH) cryptocurrency has successfully secured the 236th position on the global cryptocurrency market list.
On the bright side, memecoin added 2.48% to its portfolio over the past day and 13.36% over the past week. Furthermore, it has increased by 150.47% in the last 30 days and has seen an annual return of 35,247.53%, making it one of the top picks for this list.