The memecoin market was previously occupied with the GOAT rally, but now attention is turning to other meme-themed coins, such as DOGE and BOME. These two meme coins have seen steady gains over the past week, and their prices are also starting to approach key resistance points that will determine their next price movement.
Memecoin Market Is Hotter Today
The memecoin market seems to be heating up today, with some meme coins seeing surprising price movements. After being dominated by AI memecoins like GOAT in the past few days, the trend is now starting to fade.
GOAT, which had previously recorded a massive spike, is up just about 5% in the past 24 hours, signaling a shift in investor focus.
Other popular meme coins like DOGE and BOME are now starting to gain momentum again, attracting massive interest from traders and investors after previously focusing on AI-based memecoins.
This shows that market participants are no longer focusing solely on the AI ââtrend but are starting to consider the profit potential of other rising meme coins.
With Bitcoin starting to show bullish sentiment, this is becoming increasingly interesting because usually crypto asset market movements with this concept tend to go in the same direction.
Memecoin DOGE Hits Important Resistance
Todayâs memecoin news kicks off with Dogecoin price action starting to show signs of moving towards a key resistance level, after attempting to reach the previous key level of $0.10. It appears that the rally that occurred last month is likely to continue as DOGE is now approaching $0.15 â considered a key resistance level for the next bullish breakout.
Top analytics on the Tradingview platform, basictradingtv, reveals that the DOGE bull run is about to begin and could reach a new ATH.
âWe saw a triangle breakout, a bullish breakout and a retest and finally bullish confirmation on the smaller time frames. All markets will move in perfect sync and it will only be a matter of time until Dogecoin recovers and makes a new all-time high,â he said.
He also predicted that if the DOGE meme breaks through the resistance level at $0.15, the price will likely continue to rise until it breaks $0.50. While this target seems quite far away, the potential is there, especially as the entire cryptocurrency market is starting to show signs of entering a bull market.
BOME price hits $0.01
Aside from DOGE, the most popular memecoin right now is BOME, which has shown steady and consistent price growth. Over the past week, the price of this memecoin has increased by about 30% and today it is up more than 2%, although some other coins have decreased in price.
This shows great interest from investors and traders, who are once again interested in BOME's growth potential amid the current uncertain market trend.
Like DOGE, BOME is also approaching a key resistance level of $0.01. If the coin breaks through this level, there is a high chance that its price will continue to rise, possibly even setting a new all-time high (ATH).
BOMEâs trading volume has increased significantly, becoming an important indicator that traders and investors are starting to pay attention to this coin. BOMEâs trading volume has now reached $350 million, a sharp increase from a few days ago.
This increase in volume reinforces the positive sentiment in the market, suggesting that BOME could be one of the coins that receives a lot of attention in the future, especially if the uptrend continues and manages to break a key resistance level.