Despite a rough week for the crypto market, some meme coins managed to leave their mark on the investors. This included some small cap tokens such as Wiki Cat (WKC) which poosted a 70% rise in the past week.
BeInCrypto has analysed two other meme coins that performed well or are looking strong to note a rise this week.
Wiki Cat (WKC)
Wiki Cat’s price surged by 70% over the last seven days, reaching $0.000000186. The meme coin is presently holding above this price point, which will be crucial for sustaining momentum.
Currently, WKC is holding above the $0.000000186 support level, indicating stability. If this trend continues, the meme coin could rise to $0.000000391, a significant resistance point. Investor support will be pivotal in determining whether WKC can break through this resistance.
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However, the Parabolic SAR indicator suggests a downtrend, signaling potential bearish movement. If WKC fails to hold above $0.000000186, it could slip through this support level and drop to $0.000000118 or lower. This would invalidate the current bullish thesis, leading to further losses for the meme coin if the downtrend persists.
Launchcoin On Believe (LAUNCHCOIN)
LAUNCHCOIN has underperformed recently, dropping by 6% over the past week. Despite the decline, the meme coin shows potential for a rebound. A rally could occur if the broader market sentiment improves. The token remains on investors’ radar for potential recovery.
The Parabolic SAR indicator below the candlesticks suggests that LAUNCHCOIN may be entering an uptrend. Currently priced at $0.049, it has the potential to break higher. If the token can secure $0.055 as a support level, it could set the stage for further upward movement, attracting more bullish sentiment.
However, if LAUNCHCOIN fails to break above $0.055, it risks falling back to $0.041. A drop to this support level would invalidate the bullish outlook and could signal a continued downtrend.
Bertram The Pomeranian (BERT)
BERT has emerged as one of the stronger-performing tokens, currently trading at $0.0752. Despite the broader market’s volatility, the meme coin has shown resilience. BERT’s performance stands out, making it an interesting asset for investors.
The Ichimoku Cloud, positioned below the candlesticks, signals that bullish momentum is likely to persist. If this trend continues, BERT could push past $0.079 and establish it as support. A successful breakout could pave the way for further gains, with a potential target price of $0.090, driving investor optimism.
However, if BERT’s holders opt to sell, the altcoin might struggle to maintain its upward momentum. A failure to hold the $0.068 support could lead to a decline, possibly reaching $0.054. Such a move would invalidate the bullish thesis and wipe recent gains.
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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.
