Meme coins continue to attract attention with their ongoing supercycles in the cryptocurrency market. These coins continue to gain popularity, occupying an important place among trending altcoins. New data shows that the interest and price increases in meme coins are causing these coins to stand out. Crypto analyst Victor Olanrewaju examined the three meme coin projects that are currently attracting the most attention.
1. Ranked Altcoin: AI16Z
AI16Z stands out as one of the trendiest altcoins today. An artificial intelligence-themed token, AI16Z has seen a massive 345% increase in the last week. However, there has been a 26% drop in the last 24 hours. On the 1-hour chart, the Relative Strength Index (RSI) remains neutral, falling below 50. This indicates a bearish momentum for the altcoin. If this momentum continues, the price is likely to drop to $0.20. However, if the momentum reverses and turns bullish, the AI16Z price could rise to $0.60.
2. SUI (SUI Coin)$SUI
SUI is once again among the trending altcoins as its trading volume continues to increase. Its price continues to trade around $3.73 over the last 24 hours. The Moving Average Convergence Divergence (MACD) indicator remains positive, indicating continued bullish momentum. A positive MACD is a sign that the price could rise above $4. However, if selling pressure increases, the price of SUI could drop below $3.
3. Ranked Altcoin: PONKE (Solana Based Meme Coin)
Finally, the Solana-based meme coin PONKE has garnered a lot of attention after South Korea-based exchange Bithumb announced that it would be listing the token. This development has sent PONKE’s price up by 11%, just 5% shy of reaching a new all-time high. On the 4-hour chart, the Bullish Bearish Power (BBP) indicator shows that the bulls are in control, increasing the likelihood of a rally from $0.79 to $0.85. However, if the bears dominate the market, PONKE could fall to $0.69.
Meme coins have been gaining prominence in the cryptocurrency market recently. Projects such as AI16Z, SUI and PONKE are drawing attention with both increasing interest and technical indicators. However, it should be noted that investors should be careful as the price movements of these coins can still be volatile.