2024-12-6 16:30 |
The last few days have not been the best for meme coins as the market favored Bitcoin which crossed the $100,000 mark. Top meme tokens suffered from the lackluster momentum resulting in equally dim growth. Nevertheless, some meme coins still found new highs.
BeInCrypto has analyzed three meme coins that defied the bearish cues and managed to achieve unexpected feats.
Mog Coin (MOG)MOG has risen 38% this past week, pushing its price to $0.000003144. The altcoin also set a new all-time high (ATH) at $0.000003392, showcasing its strong momentum.
The recent surge allowed MOG to break free from a long-standing consolidation under the $0.000002850 resistance. This resistance level is now acting as support, providing a solid base for future price movements. The breakout suggests that MOG may continue to trend higher as long as this support holds.
MOG Price Analysis. Source: TradingViewAlthough no immediate drawdown is expected, selling pressure could trigger a price correction. A drop below $0.000002850 would push MOG back into consolidation, with the next support level around $0.000002349. If this occurs, MOG’s upward trajectory could face a temporary setback, leading to cautious sentiment among investors.
Snek (SNEK)SNEK has posted a 61% rise over the last seven days, a solid performance considering the current bearish sentiment in the meme coin market. While some meme coins have seen rallies as high as 2,000%, SNEK’s growth stands out, showing resilience amid market skepticism surrounding joke tokens.
Like MOG, SNEK reached a new all-time high of $0.0094 this week, signaling strong investor interest. At the time of writing, the coin is holding above its support level of $0.0070. Maintaining this support will be crucial for sustaining the recent uptrend and continuing the rally toward higher targets.
SNEK Price Analysis. Source: TradingViewHowever, if SNEK loses its support at $0.0070, the coin could face a sharp decline. A drop to $0.0045 would invalidate the bullish outlook, potentially leading to further losses.
Gigachad (GIGA)GIGA has posted solid gains this week, rising by 28% in the last seven days. Currently priced at $0.0563, the meme coin continues to attract investor attention. The recent rally highlights growing interest in GIGA, positioning it as one of the standout performers in the market this week.
The next key target for GIGA is to flip $0.0597 into a solid support floor. Successfully holding this level would pave the way for a rise to $0.0639. A sustained move above this level could significantly amplify investor profits, further solidifying GIGA’s upward trend in the near term.
GIGA Price Analysis. Source: TradingViewHowever, if GIGA loses the support of $0.0502, it risks a sharp decline to $0.0434. A drop below this level would invalidate the bullish outlook and likely trigger a market correction.
The post This Week in Meme Coins: Mog Coin, Snek hit All-Time Highs, Gigachad Rallies appeared first on BeInCrypto.
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