The memecoin category has displayed a significant price action following the Bitcoin Halving, indicating a rising interest among investors for these tokens. Furthermore, top memecoins have recorded a significant surge in their respective portfolios over the past seven days.
Moreover, the current market sentiments indicate a high possibility of a memecoin mania in the upcoming month as the market turns bullish.
The Pepe price has displayed a strong bullish reversal in its chart after trading under a bearish influence for about a month. Moreover, the price has added 4% within the past 24 hours and 52.87% over the past week, indicating a strong bullish outlook for the memecoin in the coming time.
The technical indicator, MACD, displays a rising green histogram, indicating an increase in the buying pressure in the market. Moreover, the averages show a bullish convergence, suggesting a positive price action for the altcoin in the coming time.
If the market pushes the price above the resistance level of $0.00000785, the price will regain momentum and prepare to test its upper resistance level of $0.000010. However, bearish price action may pull the price toward its low of $0.0000060.
The BOME price has successfully claimed the title of one of the best memecoins of all time by securing the 7th spot. Furthermore, the memecoin has added 5.06% within the past 24 hours and its YTD stands at 1,161.4%, making it one of the best performers in this category.
The MACD shows a constant decline in the red histogram, indicating an increase in the buying-over-selling pressure in the market. Furthermore, the averages display a high possibility of a bullish convergence this week, highlighting the price will continue gaining value this week.
If the market holds the price above the support level of $0.0113, the bulls will prepare to test its upper resistance level of $0.0132. Conversely, if the bears overpowered the bulls, the price would lose momentum and fall toward its lower support level of $0.0094 in the coming time.
The Ripple vs. SEC case is finally reaching its end, and it could change everything…
The crypto market faced sharp losses over the weekend, dragged down by rising Middle East…
SHIB trades at approximately $0.00001165 and has a market capitalization of $6.9 billion. Many believe…
The name Mutuum Finance (MUTM) is gathering buzz in the cryptocurrency market since pundits expect…
As the crypto market cools down after Bitcoin’s fall to around $99,000, investors are now…
The cryptocurrency market has been struggling lately, and Pi Network is no exception. The price…