With the highest cryptocurrencies persevering with to show a consolidated value motion, the low-cap and mid-cap memecoins have displayed elevated value motion by including vital valuations to their respective portfolios.
Furthermore, this highlights a rise within the shopping for strain for memecoins within the cryptocurrency market. With the rising dominance of memecoins within the crypto house, are meme-based crypto tokens on the verge of experiencing a recent spherical of Memecoin Mania quickly?
On this article, we now have lined the highest 5 memecoins which can be at present displaying a robust bullish sentiment and have a excessive potential of recording large positive factors in the course of the upcoming week.
MAGA (MAGA):
Regardless of recording a correction of 8.62% over the previous week, the MAGA coin value over the previous 24 hours has added 15.40% to its portfolio with a change of -8.02% in its buying and selling quantity. Furthermore, with the rising hype for Trump tokens, the MAGA value has surged 2,115.36% this yr.
The SMA indicator had recorded a bullish crossover in the course of the week’s begin. Since then, it has been continuously supporting the worth chart within the 1D timeframe, highlighting elevated bullish sentiment within the crypto house.
The Transferring Common Convergence Divergence (MACD) shows a rising inexperienced histogram, indicating a rise within the shopping for strain for the memecoin available in the market. Additional, the averages present a continuing uptrend, suggesting the MAGA value will proceed gaining worth within the coming time.
With the elevated value volatility within the crypto house, if the bulls proceed to realize momentum, the MAGA coin value will put together to check its higher resistance stage of $0.000488. Nevertheless, in case of a bearish reversal, the MAGA memecoin will plunge towards its essential assist of $0.000184.
Turbo (TURBO):
The Turbo value continues to guide the memecoin race with a soar of two.96% throughout the previous 24 hours and 21.90% over the previous seven days. With a surge of 194.86% throughout the previous 30 days, the Turbo value has rewarded its traders with a 12 months-to-Date (YTD) return of 1,433.50%.
With a buying and selling value of $0.0057, a circulating provide of 69,000,000,000 TURBO tokens, and a market capitalization of $372.87 Million, the Turbo value has efficiently secured the 209th place within the international crypto record.
The technical indicator, RSI, shows a bullish curve above the mid-point, indicating elevated value motion for the memecoin available in the market. Furthermore, the common reveals a optimistic sentiment, suggesting the worth will proceed gaining worth within the coming time.
If the market pushes the Turbo value above the resistance stage of $0.0060, the bulls will regain momentum and put together to check its higher resistance stage of $0.00945 within the coming time. Conversely, if the bears overpowered the bulls, the memecoin would plunge towards its low of $0.00452.
Memecoin (MEME):
Regardless of recording a correction of roughly 3% throughout the previous day and 13.17% over the previous week, the MEME value is on a continuing watch by traders, indicating a excessive chance of it recording a bullish reversal in its value chart in the course of the upcoming time.
The Cross EMA 50/200-day shows a continuing decline within the 1D timeframe, suggesting a rise within the bearish sentiment within the crypto market.
However, MACD information a continuing decline within the pink histogram with its averages exhibiting a excessive chance of a bullish convergence. This means a blended value sentiment for the Memecoin value available in the market.
If the bulls regain momentum, the MEME crypto value will acquire momentum and retest its necessary resistance stage of $0.030. Negatively, if the bears proceed to dominate the market, the Memecoin value will drop towards its essential assist stage of $0.0125.
Mog Coin (MOG):
The MOG value has jumped 13.74% throughout the previous day and has added 3.34% over the previous week. Moreover, the memecoin has recorded a acquire of 8.82% throughout the previous 30 days and has surged 1,959.44% this yr alone.
The Relative Energy Index (RSI) reveals a excessive chance of a bearish crossover in its value chart. Nevertheless, the MACD information a continuing rise within the bullish sentiment with its averages hinting at a possible bullish convergence. This highlights a blended sentiment for the altcoin available in the market.
If the Mog coin value holds its worth above the resistance assist stage of $0.0000009820, the bulls will put together to check its higher resistance stage of $0.00000127. Conversely, bearish value motion might pull the worth towards its necessary assist stage of $0.000000680.
ANDY (ETH) ANDY:
Constructed on the Ethereum chain, Andy’s 0x68 contact is only one step away from the Pepe memecoin which begins with 0x69. With a provide of 1 Trillion tokens and a market cap of $206 Million, the Andy (ETH) crypto has efficiently secured the 236th place within the international cryptocurrency market record.
Positively, the memecoin has added 2.48% to its portfolio throughout the previous day and 13.36% over the previous week. Moreover, it has surged 150.47% throughout the previous 30 days and has recorded a yearly return of 35,247.53%, making it a high decide for this record.
