Memecoins Cool Sharply as Speculation Fades — Which Ones Are Still Being Watched
The once-hot memecoin market is now facing a significant slowdown. Amidst this cooling trend, interest in certain quirky digital coins remains strong. Curious about which tokens still have eyes on them? This article reveals the coins that may still hold potential for a resurgence. Keep reading to discover which ones are being closely monitored for a comeback.
Dogecoin Shows Mixed Signals, Potential to Reach New Levels
Source: tradingview
Dogecoin is currently trading between twelve and fourteen cents. It's facing a key resistance at a little over sixteen cents and has support just below twelve. While its price fell over the last six months, losing nearly a quarter of its value, there's scope for growth if it surpasses these resistance levels. If Dogecoin climbs to its second resistance, it could mean an increase of more than thirty percent from current prices. While its RSI and MACD suggest caution, breaking through resistance could change its trend. The coin's value might turn positive in the coming months if buying pressures increase.
SPX6900 Shows Volatile Path with Room for Rebound
Source: tradingview
The cryptocurrency SPX6900 (SPX) is in a price range between just under half a dollar to less than three-quarters of a dollar. Currently, it's experiencing some downward pressure but could potentially rise to its nearest resistance at around seventy-seven cents, a possible climb of over forty percent. Its journey to ninety-four cents is also on the horizon, marking a growth of over forty percent again from the nearest resistance. The recent month has seen stable prices, though the past half-year has been tough with the value dropping notably. With its RSI showing it's nearly oversold, and a sluggish MACD level, a potential rebound might be on the cards soon.
Bonk's Price Steadies: Could It Leap Higher?
Source: tradingview
Bonk's price currently hovers between eight to nine thousandths of a cent. Recent movements show it flirting with resistance slightly above its range, around a tenth of a cent. Support holds firm just below eight thousandths. If Bonk breaches its next resistance level nearing one cent, it could jump by about 31%. However, if it slips to the next support level, it might dip by roughly 22%. The ten-day average sits slightly above the current price, while the hundred-day is even higher, suggesting moderate upside potential if the trend turns bullish. All eyes are on whether it will break higher or slip lower in the coming days.
OFFICIAL TRUMP (TRUMP) Faces Potential Rebound Amid Recent Slump
Source: tradingview
The OFFICIAL TRUMP cryptocurrency is currently priced between $5 and $6. After a dip over the past month, losing over a quarter of its value, there's buzz around its potential to bounce back. Traders are eyeing the $6.37 mark where sellers may step in again, while the $4.88 level offers some buy support. If bullish trends prevail, prices could touch $7, marking a notable jump. The RSI is low, suggesting it might be oversold, which sometimes leads to bounces. However, recent downtrends signal caution, and investors hope the coin surpasses resistance levels to gain momentum.
Conclusion
Interest in memecoins has cooled, but some still attract attention. Dogecoin (DOGE) remains popular because of its strong community. SPX gained notoriety but faces declining hype. BONK had a rapid rise but is now less talked about. TRUMP emerged with political motives, capturing niche interest. These coins continue to be observed for any shifts in trends or renewed enthusiasm.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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