A small, vine-like token led as Top Meme coins have been in the back seat over the past few days. Inspired by the deprecated social media platform, the token is currently the best performing meme coin.
Beincrypto has analyzed two other meme coins that could continue to rise this week.
SPX6900 (SPX)
SPX has experienced a consistent upward trend since the beginning of the month, leading to multiple all-time high formations, including today’s $2.27. This price action reflects the strong interest of investors, bringing memecoin to a new level and creating positive market sentiment.
Currently trading at $2.23, SPX has earned 14% in the last 24 hours. The one-sided cloud, which acts as support, shows bullish momentum. This suggests that SPX could rise further, and that market conditions would be advantageous and could reach more than $2.50 if investors’ confidence persisted.
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However, SPX could experience a reversal if sales pressure intensifies. Below the $2.00 support could push Altcoin to under $1.74 and disable bullish outlook.
Not useful (not useful)
What’s useless recently reached a new all-time high (ATH) of $0.441, joining SPX with Bullish Rally. Meme Coin is currently held above the $0.364 support level, showing strength in upward movement. This positive trend could lead to further price increases if momentum continues.
The presence of parabolic SARs under candlesticks indicates useless active uptrends, suggesting that AltCoin may continue to rise. Given the unhelpful demand, there is a strong possibility that it will reach $0.500 above the ATH and establish a new high in the near future.
However, if a bearish market situation is still in place, what is useless can be a struggle to maintain its current position. A drop below the $0.364 support causes a sellout and pushes the meme coin down to $0.296. This could invalidate bullish papers and reverse price momentum.
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Vine has shown impressive growth, surged 152% over the past 24 hours. Meme Coin is currently trading at $0.166 and marks him as one of the top performers of the day. This rapid rise shows strong momentum in price action, attracting investors’ attention.
With a solid support level established at $0.138, Vine is currently targeting the $0.200 mark. Given Altcoin’s recent performance, it is likely to violate this resistance, indicating the possibility of further profit. If the bullish trend continues, Vine could reach new highs in the coming days.
However, Altcoin faces the risk of selling investor pressure. If this occurs, Vine could fall below the $0.138 support level and potentially drop below the $0.100 level. Such a decline has overturned the current bullish outlook and indicates the possibility of a market correction.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always conduct your own research and consult with an expert before making a financial decision. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
