Meme coins continued to post gains, led by smaller market cap tokens. One such was HarryPotterObamaSonic10Inu (BITCOIN), which posted a 21% rise in the last 24 hours.
BeInCrypto has analyzed two other meme coins for investors to watch as they print double-digit gains.
GIGA has posted a 16% rise over the last 24 hours, currently trading at $0.0273. Despite the strong upward movement, the meme coin is facing resistance at $0.0292, a level that has persisted for the past month. The key challenge for GIGA will be breaching this barrier to continue its growth.
The Ichimoku Cloud, positioned below the candlesticks, signals that bullish momentum is likely to continue. If GIGA can secure the local resistance level of $0.0259 as support, it could push past the $0.0292 resistance. This would open the path for GIGA to reach $0.0320, continuing its upward trajectory.
However, if GIGA fails to hold $0.0259 as support and faces selling pressure, the altcoin could drop to $0.0221. Such a decline would invalidate the bullish outlook and signal a potential reversal, undermining the positive momentum and leading to further losses for investors.
LAUNCHCOIN has risen by 19% over the last 24 hours, currently trading at $0.233. The meme coin is attempting to secure $0.219 as a support level. If this support holds, it could pave the way for further upward movement, with the next target being the $0.300 resistance.
The Parabolic SAR is positioned below the candlesticks, signaling that the uptrend is likely to continue. This bullish signal could help LAUNCHCOIN push towards the resistance of $0.300. If the momentum strengthens, the altcoin could break through this resistance and move toward higher price levels, benefiting from increased investor confidence.
However, if selling pressure builds up and investors liquidate their holdings, LAUNCHCOIN’s price could fall through the $0.219 support. A decline to $0.149 would invalidate the bullish outlook, signaling a potential trend reversal. This would result in significant losses for those holding the meme coin.
BITCOIN has surged 21.6% over the last 24 hours, currently trading at $0.095. The meme coin is reaching a monthly high and is working to secure $0.094 as a support floor. If this level holds, the coin could continue its upward momentum and target higher price levels.
The 50-day EMA is positioned well below the candlesticks, indicating strong bullish momentum. This suggests that the upward trend is likely to continue. With support from 25,000 investors, BITCOIN could push towards the psychological barrier of $0.100. If market conditions remain favorable, this target could soon be reached.
However, if the bullish momentum fails to materialize, a drop to $0.090 is likely. Losing this support would further weaken the price, potentially sending BITCOIN down to $0.081. Such a move would invalidate the current bullish outlook and raise concerns about further declines.
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