The current week marked strong bullish momentum for meme coins and other crypto tokens, as major macroeconomic events drove Bitcoin to a new all-time high. This unexpected rally fueled impressive growth for several meme coins.
BeInCrypto analyzed three meme coins that outperformed expectations, making significant rallies and hitting new all-time highs.
Apu Apustaja (APU)
APU has gained ground this week, with its price rising 60% over the past seven days. This strong performance propelled the coin to a new all-time high at $0.00129, making it one of the best performing tokens of the week.
Currently, APU is struggling to maintain stability above the critical support level of $0.00098. Staying above this support would allow the coin to maintain its upward trend, provided that investors refrain from taking profits. A stable base at this level could further strengthen the bullish outlook for the coin.
However, if APU holders choose to sell, the price could drop below the $0.00098 support level or even go as low as $0.00074. Such a fall would disrupt the bullish momentum, likely leading to a correction and prompting caution among investors considering the market. coin for short-term gains.
First Neiro on Ethereum (NEIRO)
NEIRO jumped by 58% over the past seven days, reaching a new all-time high of $0.00251. This is the second ATH for the meme coin in a month, reflecting increased interest and significant buying momentum. NEIRO’s steady upward trajectory suggests strong investor confidence in its growth potential.
The meme coin appears poised to maintain its uptrend, supported by broader positive market signals. As long as investors see value in NEIRO, its upward movement could persist. This optimism indicates a favorable environment for further gains.
However, if investors adopt a more cautious outlook, NEIRO could face a price reversal. A decline to $0.00169 would reduce recent gains, signaling increased selling pressure. A move below this support could invalidate the bullish thesis, prompting investors to reevaluate their positions in NEIRO.
Simon’s Cat (CAT)
CAT saw a sharp rise of 33% over the past week, taking its price to $0.00003697. Even though it has not reached a new historic high, the coin is closing in on its ATH of $0.00004650. This increase highlights the growing interest in the meme coin and its potential for further gains.
For CAT to maintain its uptrend, it would need to cross the $0.00004063 level and establish it as a support floor. This could boost investor confidence and pave the way for its all-time high.
Learn more: 11 Best Solana Meme Pieces to Watch Out for in November 2024
However, if CAT fails to turn $0.00004063 into support, it risks falling back to $0.00003410. Loss of this support level could undermine the current bullish outlook and potentially lead to further declines. Such a reversal would prompt caution among investors, who would re-evaluate CAT’s near-term earnings potential.
Disclaimer
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