With the top cryptocurrencies continuing to display a consolidated price action, the low-cap and mid-cap memecoins have displayed increased price action by adding significant valuations to their respective portfolios.
Moreover, this highlights an increase in the buying pressure for memecoins in the cryptocurrency market. With the rising dominance of memecoins in the crypto space, are meme-based crypto tokens on the verge of experiencing a fresh round of Memecoin Mania soon?
In this article, we have covered the top 5 memecoins that are currently displaying a strong bullish sentiment and have a high potential of recording massive gains during the upcoming week.
MAGA (MAGA):
Despite recording a correction of 8.62% over the past week, the MAGA coin price over the past 24 hours has added 15.40% to its portfolio with a change of -8.02% in its trading volume. Moreover, with the rising hype for Trump tokens, the MAGA price has surged 2,115.36% this year.
The SMA indicator had recorded a bullish crossover during the week’s start. Since then, it has been constantly supporting the price chart in the 1D time frame, highlighting increased bullish sentiment in the crypto space.
The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating an increase in the buying pressure for the memecoin in the market. Further, the averages show a constant uptrend, suggesting the MAGA price will continue gaining value in the coming time.
With the increased price volatility in the crypto space, if the bulls continue to gain momentum, the MAGA coin price will prepare to test its upper resistance level of $0.000488. However, in case of a bearish reversal, the MAGA memecoin will plunge toward its crucial support of $0.000184.
Turbo (TURBO):
The Turbo price continues to lead the memecoin race with a jump of 2.96% within the past 24 hours and 21.90% over the past seven days. With a surge of 194.86% within the past 30 days, the Turbo price has rewarded its investors with a Year-to-Date (YTD) return of 1,433.50%.
With a trading price of $0.0057, a circulating supply of 69,000,000,000 TURBO tokens, and a market capitalization of $372.87 Million, the Turbo price has successfully secured the 209th position in the global crypto list.
The technical indicator, RSI, displays a bullish curve above the mid-point, indicating increased price action for the memecoin in the market. Moreover, the average shows a positive sentiment, suggesting the price will continue gaining value in the coming time.
If the market pushes the Turbo price above the resistance level of $0.0060, the bulls will regain momentum and prepare to test its upper resistance level of $0.00945 in the coming time. Conversely, if the bears overpowered the bulls, the memecoin would plunge toward its low of $0.00452.
Memecoin (MEME):
Despite recording a correction of approximately 3% within the past day and 13.17% over the past week, the MEME price is on a constant watch by investors, indicating a high possibility of it recording a bullish reversal in its price chart during the upcoming time.
The Cross EMA 50/200-day displays a constant decline in the 1D time frame, suggesting an increase in the bearish sentiment in the crypto market.
On the other hand, MACD records a constant decline in the red histogram with its averages showing a high possibility of a bullish convergence. This suggests a mixed price sentiment for the Memecoin price in the market.
If the bulls regain momentum, the MEME crypto price will gain momentum and retest its important resistance level of $0.030. Negatively, if the bears continue to dominate the market, the Memecoin price will drop toward its crucial support level of $0.0125.
Mog Coin (MOG):
The MOG price has jumped 13.74% within the past day and has added 3.34% over the past week. Furthermore, the memecoin has recorded a gain of 8.82% within the past 30 days and has surged 1,959.44% this year alone.
The Relative Strength Index (RSI) shows a high possibility of a bearish crossover in its price chart. However, the MACD records a constant rise in the bullish sentiment with its averages hinting at a potential bullish convergence. This highlights a mixed sentiment for the altcoin in the market.
If the Mog coin price holds its value above the resistance support level of $0.0000009820, the bulls will prepare to test its upper resistance level of $0.00000127. Conversely, bearish price action could pull the price toward its important support level of $0.000000680.
ANDY (ETH) ANDY:
Built on the Ethereum chain, Andy’s 0x68 contact is just one step away from the Pepe memecoin which starts with 0x69. With a supply of 1 Trillion tokens and a market cap of $206 Million, the Andy (ETH) crypto has successfully secured the 236th position in the global cryptocurrency market list.
Positively, the memecoin has added 2.48% to its portfolio within the past day and 13.36% over the past week. Furthermore, it has surged 150.47% within the past 30 days and has recorded a yearly return of 35,247.53%, making it a top pick for this list.
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