Memecoins had a tough week to say the least, as the overall market showed neutral to bearish signs. Many tokens are still suffering losses, but some are close to reversing.
BeInCrypto analyzed three meme coins that investors should keep an eye on as January draws to a close.
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PONKE
Ponke ranked as the worst-performing stock this week after falling 21% to trade around $0.0474. Memecoin remains above the $0.0454 support level, limiting further downside for now. Although short-term price action reflects heavy selling, the stabilization suggests that an immediate capitulation is not occurring.
Despite the drop, PONKE remains above its 50-day exponential moving average. This level often indicates the strength of a short-term trend. Maintaining support above the EMA reduces the chance of a deeper breakdown and keeps the chance of a technical rebound intact.
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To recover, PONKE needs to regain the $0.0525 resistance level. If this barrier is cleared, the price could rise towards $0.0611 and offset recent losses. On the other hand, if the bearish sentiment persists, it could fall below $0.0454 and PONKE could fall towards $0.0402.
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Pop Cat (POPCAT)
POPCAT has fallen 18.4% over the past week, ranking it among the weaker performing meme coins. The token is currently trading above the $0.081 support level. Despite heavy selling, this zone limits further downside and suggests short-term stability as traders assess whether losses are nearing exhaustion.
Technical indicators indicate potential exhaustion. The Money Flow Index is hovering around the oversold threshold of 20.0, suggesting that selling pressure is easing. Movements below this level often precede relief rallies. If buyers intervene, POPCAT could rebound towards $0.089, but $0.100 would be needed to recoup recent losses.
Downside risks remain if sentiment does not improve. If the selling continues, POPCAT could fall below the support at $0.081. A breakdown is likely to pull the price below $0.077, invalidating the bullish reversal theory and increasing bearish momentum in the short term.
Mogcoin (MOG)
MOG price has fallen 17.8% over the past week and is trading around $0.000000267 at the time of writing. Unlike other meme coins, MOG has shown limited signs of stabilization. Price structure and momentum point to further downside risk rather than an imminent reversal of current market conditions.
Momentum indicators show that selling pressure remains high. The Money Flow Index is at 37.1, well above the oversold threshold of 20.0, which is often seen ahead of a pullback. This suggests that MOG price may continue to fall and break through the support at $0.000000242 and fall towards the previously tested level at $0.000000206.
Changes in broader market sentiment could change the outlook. If the bullish situation strengthens, MOG could stabilize above $0.000000242. Holding this support could lead to a rebound towards $0.000000317, invalidating the bearish argument and suggesting renewed speculative interest in the meme coin.
