Meme coins face mixed signals along with the rest of the market, awaiting a strong bullish trigger. However, dogwifhat has shown that it does not necessarily need this to rally, painting a 12% rise today.
Thus, BeInCrypto has analyzed two other meme coins for investors to watch as they follow WIF’s cues.
Moo Deng (MOODENG)
- Launch Date – September 2023
- Total Circulating Supply – 998.97 Million MOODENG
- Maximum Supply – 989.97 Million MOODENG
- Fully Diluted Valuation (FDV) – $215.75 Million
- Contract Address – ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
MOODENG has seen a 5% increase in price today, which is one of its better performances lately. Trading at $0.217, the altcoin is showing signs of bullish momentum as investors await further developments. The altcoin could continue its climb if these positive signals are sustained over the next few days.
The 50-day EMA crossing above the 200-day EMA signals a Golden Cross for MOODENG. This is traditionally a bullish sign for price action, suggesting the meme coin may continue its rise. If the trend holds, MOODENG could potentially push past its next resistance level at $0.248.
However, any significant selling pressure or broader bearish conditions could pose a risk to MOODENG’s bullish outlook. If the price falls below the current support of $0.180, it could trigger further declines, potentially reaching as low as $0.124. Such a move would invalidate the positive forecast.
dogwifhat (WIF)
- Launch Date – December 2023
- Total Circulating Supply – 998.92 Million WIF
- Maximum Supply – 998.92 Million WIF
- Fully Diluted Valuation (FDV) – $983.18 Million
- Contract Address – EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm
WIF price has risen by 12.5% in the last 24 hours, making it one of the best-performing meme coins. Currently trading at $0.98, WIF jumped from the support of $0.85. This surge could signal further growth if the bullish momentum continues in the coming days.
The Ichimoku Cloud below the candlesticks indicates a potential continuation of WIF’s upward movement. With a key resistance at $1.04, a successful breach of this level could pave the way for further gains, pushing the meme coin toward $1.24. Securing this resistance would solidify recent price growth.
However, the possibility of a reversal remains if market conditions turn unfavorable. If WIF fails to maintain its upward momentum, it could fall back to the support of $0.85. Losing this support would lead to a drop to $0.65, invalidating the current bullish outlook.
Small Cap Corner – Mubarak (MUBARAK)
- Launch Date – March 2025
- Total Circulating Supply – 1 Billion MUBARAK
- Maximum Supply – 1 Billion MUBARAK
- Fully Diluted Valuation (FDV) – $45.20Million
- Contract Address – 0x5c85d6c6825ab4032337f11ee92a72df936b46f6
MUBARAK price is up 11% over the last 24 hours, trading at $0.044. The meme coin is trying to secure $0.043 as support, a critical level for its upward movement. Maintaining this support will help set the foundation for further price increases in the near future.
With over 24,450 holders, MUBARAK needs stronger buying activity to continue its upward trajectory. The Chaikin Money Flow (CMF) indicator shows that the altcoin is already experiencing strong inflows. This suggests a growing investor interest, potentially fueling MUBARAK’s rise toward the $0.066 resistance level in the coming days.
However, if MUBARAK fails to maintain support at $0.043, a decline is likely. The altcoin could drop below $0.036, reaching $0.028 or lower. This would invalidate the current bullish thesis and lead to increased caution among investors.
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.
