Which Memcoins to Watch This Week
The week started off rough, with Bitcoin falling below $116,000 and altcoins including memecoins following suit. However, some memecoins managed to rally
We have identified three memecoins that may attract the attention of investors this week with their directional movement.
Comedian (BAN) memecoin analysis
BAN has become one of the leaders among memecoins, having increased by 31.6% in the last seven days. It is currently showing a strong uptrend and is trying to overcome the resistance at $0.069, which has held the token back for more than a month. The dots of the Parabolic SAR indicator are located below the candles, indicating an active bullish trend. If buyers continue to press, BAN may take this barrier and reach $0.074.
However, if investor sentiment changes and selling intensifies, BAN could fall below the $0.067 support. A decline to $0.063 or lower could invalidate the bullish outlook and possibly initiate a broader correction.
Useless (USELESS)
USELESS, a Solana-based memecoin, has been volatile over the past week but is up 12%. The price is testing the $0.292 level as support, showing stability after recent volatility.
The Ichimoku Cloud indicator points to bullish momentum for USELESS, suggesting that the memecoin price could bounce off $0.292. If the uptrend continues, the asset could reach $0.364, a key resistance level. Breaking this barrier would allow USELESS to approach its all-time high of $0.441 and attract more investors.
However, bearish pressure could reverse the trend, pushing USELESS below current support levels. If selling intensifies, the coin could break through the $0.292 and $0.249 supports, undermining the bullish outlook.
Pudgy Penguins (PENGU)
PENGU has fallen 21% in the last week, raising concerns among investors. It is now close to a one-month low. The decline raises questions about the sustainability of the recent bullish momentum and the likelihood of further price declines.
Despite the decline, PENGU is still holding above the important 50-day exponential moving average (EMA), indicating a recovery is possible. To regain lost ground, the coin needs to rise above the $0.0322 support level. This could inspire a rebound in the price and restore investor confidence.
If the selling pressure continues, PENGU could fall below the support at $0.0298. A more significant drop could take the memecoin price to $0.0280 or lower. This would further worsen the market sentiment.
Источник: cryptocurrency.tech
