Meme Coin Market hasn’t grown that much over the past month as the market crashed in mid-September. Nevertheless, some coins make it on top, still showing growth potential in the coming months.
Therefore, Beincrypto has analyzed three such meme coins that investors should watch in October.
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manyu (manyu)
Manyu became one of the standout meme coins this month, recording a massive surge of 203% since early September. The market capitalization is currently at $56 million. The sudden rally has attracted the attention of traders and has become one of the most viewed tokens in the growing meme coin sector.
Currently trading at $0.0000005449, MulyU offers an even higher technical indicator. The parabolic SAR forms under the candlestick, confirming bullish momentum. This suggests that the token could extend the rally by more than 0.0000007000. As momentum continues, investors can see new profits as optimism strengthens around the coins of memes, driving speculative growth.
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However, potential reversals cannot be ruled out. If the holder chooses to sell rather than HODL, sales pressure could lower the price. Manyu’s risk will slip to $0.0000003244 below 0.000003244. Such a decline will erase a significant portion of recent profits and undermine bullish prospects in the process.
burnedfi (burn)
Byrne caught investors’ attention after sharp spikes, rising 77% overall, a jump of 2,385% in one day. That surge has brought the memecoin to an all-time high of $73.74. The dramatic move shows the potential to generate token volatility and rapid profits.
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The market capitalization is $41 million, with concerns about concentration risks rising. The top 10 owners manage about 26% of the supply and pay attention among traders. Still, Burn boasts more than 85,000 holders. This provides some degree of stability and reflects the widespread participation of the entire Meme Coin community.
Currently priced at $3.19, Burn is located just below the $3.68 resistance level. A breakout can push it up to over $5.00. However, if sales pressure is mounted, the token could slip through the $2.43 support. The drop to $1.72 negates bullish scenarios and fuels bearish feelings.
Memecore(m)
Memecore quickly rose to excellence, securing its position as the fourth largest Meme Coin in the market. The tokens surged 230% during September, solidifying themselves among top performers.
During this climb, Memecore surpassed Pudgy Penguins (Pengu), Bonk (Bonk), and official Trump (Trump). Despite this success, the token has yet to regain the best ever set two weeks ago.
If bullish sentiment is held, MemeCore could retest its all-time high of $2.99, currently 33% above the price. The token trades for $2.27 after rebounding from a sharp dip. However, if the 50-day EMA cannot provide support, MemeCore’s risk will slip below $1.33.
