The last few days have not been the best for meme coins as the market favored Bitcoin which crossed the $100,000 mark. Major meme tokens suffered from lackluster momentum, resulting in similarly weak growth. Nevertheless, some meme coins have still reached new heights.
BeInCrypto analyzed three meme coins that defied bearish signals and managed to achieve unexpected feats.
Mog Coin (MOG)
MOG has rose 38% in the past week, pushing its price to $0.000003144. The altcoin also set a new all-time high (ATH) at $0.000003392, demonstrating its strong momentum.
The recent rise allowed MOG to break free from a long-standing consolidation below the $0.000002850 resistance. This resistance level now serves as support, providing a solid foundation for future price movements. The breakout suggests that MOG could continue to rise as long as this support is held.
Although no immediate pullback is expected, selling pressure could trigger a price correction. A drop below $0.000002850 would push MOG returns in consolidation, with the next support level around $0.000002349. If this happens, MOG’s upward trajectory could experience a temporary setback, leading to a sense of caution among investors.
Snek (SNEK)
SNEK is up 61% over the past seven days, a strong performance considering the current bearish sentiment in the coin market. While some meme coins have seen surges of up to 2,000%, SNEK’s growth stands out, showing resilience in the face of market skepticism toward joke tokens.
Like MOG, SNEK hit a new all-time high of $0.0094 this week, signaling strong investor interest. At the time of writing, the coin is holding above its $0.0070 support level. Maintaining this support will be crucial to maintain the recent uptrend and continue the rally towards higher targets.
However, if SNEK loses its support at $0.0070, the coin could see a sharp decline. A decline to $0.0045 would invalidate the bullish outlook, which could lead to further losses.
Gigachad (GIGA)
GIGA posted strong gains this week, up 28% over the past seven days. Currently priced at $0.0563, the meme coin continues to attract attention from investors. The recent rally highlights the growing interest in GIGA, positioning it as one of the best performing players in the market this week.
GIGA’s next key objective is to turn $0.0597 into a strong support floor. Successfully holding this level would pave the way for an increase to $0.0639. A sustained move above this level could significantly amplify investor profits, thereby strengthening GIGA’s uptrend in the near term.
However, if GIGA loses the support of $0.0502, it risks a sharp decline to $0.0434. A fall below this level would invalidate the bullish outlook and likely trigger a market correction.
Disclaimer
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