Amid heightened volatility in the cryptocurrency market, Bitcoin (BTC) price held its value above $69,000. The memecoin category then regained momentum and showed a strong uptrend over the past week.
In this article, we have covered the top 4 memecoins that have the potential to record a strong uptrend in their respective portfolios in the coming times.
Bonk (BONK)
Bonk price is up 3.87% over the past day with a trading volume of $204.65 million. Moreover, it has increased by ~9% over the past week and 32.63% over the past 30 days. With a market cap of $1.77 billion, it has secured the 50th position.
The 50/200-day EMA has recorded a Golden Cross on the 1D timeframe. This shows the bullish sentiment towards memecoin in the market. Moreover, the RSI indicator continues to trade above neutral levels, indicating a positive outlook.
If BONK price regains bullish momentum, it will be ready to retest the overhead resistance at $0.00003390 in the coming period. However, if the bears prevail over the bulls, memecoin BONK could retest the support at $0.00002125.
Mog (MOG)
MOG price continues to be in the spotlight with a ~10% increase over the past day. Furthermore, it has surged 93% over the past month and has a YTD return of +4,715.36%. This makes it one of the best performing memecoins this year.
The simple moving average (SMA) has recorded a bullish crossover on the 1-day MOG price chart. With the continued decline in the red chart, this Ethereum-based meme token could continue to increase in value.
Sustaining the price above the support level of $1,250 could see the price retest this monthâs ATH. On the other hand, if the bears gain momentum, the MOG price could drop to the lower support trendline at $1.
Cat in a dogs world (MEW)
The first cat-themed memecoin, MEW, has increased in price by ~30% over the past week, making it one of the top weekly gainers of the week. Furthermore, it has increased by 85.21% over the past month and has a market cap of $852.27 million.
The relative strength index (RSI) continues to hover near the overbought zone, indicating increased buying pressure in the crypto space. Furthermore, the 200-day EMA shows a steady rise on the 1-day time frame.
If the market continues to gain momentum, MEW price will retest the resistance level at $0.0105. Conversely, if the bears gain the upper hand, the Cat in Dog world price will drop to the lower support level at $0.00700.
Popcat
With a ~12% increase in the past day, POPCAT price has successfully regained bullish momentum. Furthermore, the price continues to trade within an ascending channel pattern, indicating bullish prospects in the coming weeks.
The Moving Average Convergence Divergence (MACD) histogram shows a continuous green color in the POPCAT price chart. Moreover, its SMA indicator is continuously supporting the price action. This suggests that the meme coin could continue to gain ground this week.
Assuming the bulls continue to gain momentum, in which case, the Popcat price will retest the resistance level above at $0.0000024765. On the downside, if the trend reverses, this Solana-based memecoin will drop to a low of $0.0000018250.
