The post Memecoin Mania: BONK, POPCAT, MOG, & MEW to Lead the Altcoin Season? appeared first on Coinpedia Fintech News
Amid rising price volatility in the crypto market, the Bitcoin (BTC) price has held its value above the $69,000 mark. Following this, the memecoin category has regained momentum and has displayed a massive uptrend over the past weekend.
In this article, we have covered the top 4 memecoins that have the potential to record massive uptrends in their respective portfolios during the upcoming time.
Bonk (BONK)
The Bonk price has jumped 3.87% in the past day with a trading volume of $204.65 million. Moreover, it has added ~9% over the past week and 32.63% during the past 30 days. With a market cap of $1.77 billion, it has secured the 50th position.
The EMA 50/200-day has recorded a Golden Cross in the 1D time frame. This indicates an increase in the bullish sentiment for the memecoin in the market. Moreover, the RSI indicator continues trading above the neutral point, suggesting a positive outlook.
If the BONK price regains momentum, it will prepare to retest its upper resistance level of $0.00003390 in the coming time. However, if the bears outrun the bulls, the BONK memecoin could retest its support level of $0.00002125.
Also, read our Bonk Price Prediction
Mog Coin (MOG)
The MOG price continues to stay under the limelight with a jump of ~10% in the past day. Furthermore, it has surged 93% during the past month and has a YTD return of +4,715.36%. This makes it one of the best-performing memecoin of this year.
The Simple Moving Average (SMA) has recorded a bullish crossover in the MOG price chart in the 1D time frame. With a constant decline in its red histogram, this Ethereum-based meme token may continue gaining value.
Maintaining the price above its support level of $1.250 could set the price to retest its ATH this month. On the flip side, if the bears gain momentum, the MOG price may plunge toward its lower support trendline of $1.
Cat in a dogs world (MEW)
The first cat-themed memecoin, the MEW price has surged ~30% over the past week, making it one of the top weekly-gainers of the week. Further, it has jumped 85.21% during the past month and has a market cap of $852.27 million.
The Relative Strength Index (RSI) continues hovering close to its overbought range, indicating increased buying pressure in the crypto space. Moreover, the 200-day EMA shows a constant rise in the 1D time frame.
If the market continues gaining momentum, the MEW price will retest its resistance level of $0.0105. On the contrary, if the bears gain dominance, the Cat in the dogs world price will drop toward its lower support level of $0.00700.
Popcat (SOL) POPCAT
With a jump of ~12% in the past day, the POPCAT price has successfully regained momentum. Moreover, it has continued trading within a rising channel pattern, suggesting a bullish outlook during the upcoming weeks.
The Moving Average Convergence Divergence (MACD) shows a constant green histogram in the POPCAT price chart. Further, its SMA indicator constantly supports the price action. This suggests that the meme coin may continue gaining value this week.
Suppose, the bulls continue gaining momentum, in that case, the Popcat price will retest its upper resistance level of $0.0000024765. On the negative side, if a trend reversal occurs, this Solana-based memecoin will plunge toward its low of $0.0000018250.