The crypto market had a rough week, with heightened volatility dragging most tokens into sharp declines. Meme coins were no exception, as the downturn wiped out investor gains.
BeInCrypto has analyzed three meme coins that have noted significant volatility. One of these coins managed to post gains despite the prevailing bearish market conditions.
Gigachad (GIGA)
GIGA’s price has dropped by 20% over the past seven days, falling to $0.012 due to massive volatility. The meme coin has slipped below the $0.013 barrier, struggling to maintain upward momentum. This sharp decline has left investors cautious, as the price remains under significant pressure in the current market.
If market conditions continue to worsen, GIGA could fall further, potentially reaching the support level of $0.009. Such a drop would significantly extend the losses for investors, further dampening market sentiment and delaying any potential recovery.
However, if GIGA manages to flip the $0.013 resistance into support, it could trigger a recovery toward $0.018. A successful breach of this level would allow the altcoin to reclaim some of its recent losses and signal a potential return to positive price movement.
Brett (BRETT)
BRETT price fell by 15% over the past week, making it one of the worst-performing tokens of the period. Currently trading at $0.0319, the altcoin is holding above the support of $0.0308. Despite the decline, there is potential for a rebound if the broader market shows improvement.
If market conditions improve, BRETT could continue its recovery. The key target for the altcoin is $0.0327. A successful bounce off the $0.0308 support level could trigger a price increase.
This would allow BRETT to gain back some of the recent losses and potentially break past its current resistance.
However, if BRETT fails to hold the $0.0308 support level, it risks falling to the next support at $0.0276. This drop would invalidate the bullish outlook and extend the altcoin’s losses. A failure to maintain key support could signal further bearish pressure for BRETT.
Cheems (CHEEMS)
CHEEMS price has risen by 7% over the past week, positioning it as one of the best-performing top 50 meme coins. Despite the positive momentum, the token was unable to breach the $0.00000096 resistance level.
It remains under this key barrier, which could limit further upward movement.
Currently, CHEEMS is attempting to breach the $0.00000096 resistance level, with hopes of surpassing $0.00000100. If successful, the altcoin could potentially reach $0.00000113, recovering some of the recent losses.
A sustained breakout above this level would solidify a bullish outlook for the meme coin.
However, if CHEEMS fails to break above the $0.00000096 resistance, it risks falling below its support at $0.00000088. A drop below this level could send the altcoin to $0.00000079, invalidating the bullish thesis and signaling further downside risk.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
