The meme coin market performed well at the beginning of the month before crashing sharply, now standing at $67.4 billion. Some altcoins came out on top, and they are still exhibiting potential for further gains.
BeInCrypto has analysed three such meme coins that investors should watch as Q3 begins.
SponsoredPump.fun (PUMP)
PUMP has emerged as one of the best-performing cryptocurrencies this month, recording a 66.8% surge since the start of the month. At the time of writing, the altcoin trades at $0.0056, holding investor attention with steady momentum.
Although not a native meme coin, PUMP is closely linked to the category through Pump.fun, a major meme coin launchpad. With thousands of meme coins emerging there, PUMP is strongly shaped by meme tokens, fueling its recent surge despite market volatility.
The token even formed a new all-time high (ATH) at $0.0090 during its recent rally. For PUMP to retest this level, it must breach $0.0077 or higher. The Chaikin Money Flow (CMF) indicator shows an incline above zero, signaling rising inflows that could strengthen the bullish outlook for PUMP.
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However, if bearish sentiment across the broader crypto market intensifies, PUMP could face downside pressure. The meme coin may slip to $0.0047, and in a deeper correction, potentially decline further to $0.0041. Such a move would invalidate the bullish thesis.
Memecore (M)
SponsoredM has quickly become one of the most promising meme coins in the market, soaring 243% within a month. At the time of writing, the altcoin trades at $2.33, holding strong momentum despite recent volatility across the broader cryptocurrency market.
The challenge for M lies in sustaining this rally, with the token currently standing 28% away from its all-time high of $2.99. A successful flip of $2.61 into support could fuel renewed demand, supported by positive market cues, pushing Memecore closer to reclaiming its record price levels.
If M fails to maintain bullish momentum, the price could break below the $2.17 support level. This decline may drag the altcoin further down to $1.87, and in an extended bearish move, to $1.33, which would invalidate the bullish thesis and trigger significant investor caution.
HarryPotterObamaSonic10Inu (BITCOIN / HPOS10)
Another one of the meme coins to watch is HarryPotterObamaSonic10Inu,which emerged as a surprising wild card, recording a sharp surge toward the end of the month. The meme coin has gained 44% since the start of the month, attracting investor attention.
The meme coin trades at $0.114, sitting just below the $0.116 resistance. Exponential Moving Averages are inching closer to forming a Golden Cross, a key bullish signal. If momentum remains intact, HarryPotterObamaSonic10Inu could rally to $0.128 and potentially higher, securing further gains for holders betting on its rise.
If momentum weakens, however, HarryPotterObamaSonic10Inu may fail to sustain its rally. In such a case, the price could retreat toward $0.099, with a further slide to $0.090 possible. This decline would invalidate the bullish thesis.
