Memecoins
Top Memecoins for a 2X Increase Next Week!
While major cryptocurrencies continue to show consolidated price action, small and mid-cap memecoins have shown increased price action by adding significant valuations to their respective portfolios.
Additionally, this highlights an increase in memecoin buying pressure in the cryptocurrency market. With the growing dominance of memecoins in the crypto space, are meme-based crypto tokens poised to experience a new round of Memecoin Mania soon?
In this article, we have covered the top 5 memecoins that are currently showing strong bullish sentiment and have a high potential to record massive gains in the coming week.
MAGA (MAGA):
Despite an 8.62% correction over the past week, MAGA coin price in the last 24 hours added 15.40% to its portfolio with a -8.02% change in its trading volume . Additionally, with the growing hype around Trump tokens, MAGA price has surged 2,115.36% this year.
TradingView: MAGA/USDT
The SMA indicator had recorded a bullish crossover at the start of the week. Since then, it has consistently supported the price chart on the 1D timeframe, highlighting increased bullish sentiment in the crypto space.
The Moving Average Convergence Divergence (MACD) displays an increasing green histogram, indicating an increase in memecoin buying pressure in the market. Additionally, the averages show a consistent uptrend, suggesting that MAGA price will continue to gain value in the times to come.
With the 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, in the event of a bearish reversal, the MAGA memecoin will plunge towards its crucial support of $0.000184.
Turbo (TURBO):
Turbo price continues to lead the memecoin race with a jump of 2.96% in the last 24 hours and 21.90% in the last seven days. With a rise of 194.86% in the last 30 days, Turbo price has rewarded its investors with a cumulative return (YTD) of 1,433.50%.
TradingView: TURBO/USDT
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 managed to secure the 209th position in the global list of cryptocurrencies.
The technical indicator, RSI, displays a bullish curve above the midpoint, indicating an increase in memecoin price action in the market. Additionally, the average shows positive sentiment, which suggests that the price will continue to gain value in the coming times.
If the market pushes Turbo price above the $0.0060 resistance level, the bulls will regain momentum and prepare to test its higher resistance level of $0.00945 in the coming time. Conversely, if the bears overpower the bulls, memecoin would plunge towards its low of $0.00452.
Memecoin (MEME):
Although it has recorded a correction of around 3% over the past day and 13.17% over the past week, MEME price is constantly being watched by investors, indicating a strong possibility that it records a bullish reversal in its price chart in the coming times.
TradingView: MEME/USDT
The 50/200-day Cross EMA is showing a steady decline over the 1D timeframe, suggesting an increase in bearish sentiment in the crypto market.
On the other hand, the MACD is seeing a steady decline in the red histogram, with its averages showing a strong possibility of bullish convergence. This suggests mixed pricing sentiment for the Memecoin price in the market.
If the bulls regain momentum, the MEME crypto price will gain momentum and retest its important resistance level of $0.030. Negatively, if the bears continue to dominate the market, Memecoin price will fall towards its crucial support level of $0.0125.
Mog Coin (MOG):
MOG price jumped 13.74% over the past day and 3.34% over the past week. Additionally, memecoin recorded a gain of 8.82% over the past 30 days and has surged 1,959.44% this year alone.
TradingView: MOG/USDT
The Relative Strength Index (RSI) shows a strong possibility of a bearish crossover in its price chart. However, the MACD is seeing a steady rise in bullish sentiment, with its averages hinting at a potential bullish convergence. This highlights mixed sentiment towards the altcoin in the market.
If Mog coin price maintains its value above the resistance support level of $0.0000009820, the bulls will prepare to test its upper resistance level of $0.00000127. Conversely, bearish price action could pull 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 which starts with 0x69. With a supply of 1 trillion tokens and a market capitalization of $206 million, crypto Andy (ETH) managed to secure the 236th position on the global cryptocurrency market list.
Positively, memecoin added 2.48% to its portfolio over the past day and 13.36% over the past week. Furthermore, it surged 150.47% in the last 30 days and recorded an annual return of 35,247.53%, making it one of the top picks on this list.