Despite a tough week in the crypto market, some meme coins have managed to leave the mark on investors. This included small cap tokens such as Wiki Cat (WKC), which smoked a 70% increase last week.
Beincrypto has either noticed the rise this week or analyzed two other meme coins that look strong.
Wiki Cat (wkc)
Wiki Cat prices have skyrocketed 70% over the past seven days to reach $0.00000186. Memecoin is currently held above this price range. This is important to maintain momentum.
Currently, WKC is above the $0.00000186 support level, indicating stability. If this trend continues, memecoin could rise to $0.0000391. This is a huge point of resistance. Investor support is crucial in determining whether WKC can break through this resistance.
Want more token insights like this? Sign up for Editor Harsh Notariya’s daily crypto newsletter.
However, the parabolic SAR indicator suggests a cave that shows potential bearish movements of debilitating. If your WKC is not above $0.00000186, you could slip through this support level and drop below $0.0000118. This will invalidate the current bullish paper, and if the cave continues, it will lead to further losses of meme coins.
launchcoin on believe (launchcoin)
Launchcoin has been performing poorly recently, dropping by 6% over the past week. Despite the decline, memecoin shows potential rebounds. If sentiment in the broader market improves, gatherings can occur. The token remains on the radar of investors for a potential recovery.
Parabolic SAR indicators under candlesticks suggest that Laintingcoin may be in the uptrend. It currently has a price of $0.049, with a higher chance of intrusion. If the token can secure a support level of $0.055, it could set up an even higher movement stage, attracting more bullish emotions.
However, if LaunchCoin fails to exceed $0.055, it risks returning to $0.041. This drop to support level could disable bullish outlook and indicate a continuing downtrend.
Bertram Pomerania (Bad)
Burt has emerged as one of the strong performance tokens currently trading at $0.0752. Despite the wider market volatility, Memecoin shows resilience. Bert’s performance is outstanding and has become an interesting asset for investors.
One-sided clouds located under candlesticks indicate that bullish momentum is likely to last. If this trend continues, Bert can be established as support beyond $0.079. A successful breakout could pave the way for further profits to promote investor optimism at a potential price target of $0.090.
However, if Bert holders choose to sell, Altcoin could have a hard time maintaining upward momentum. Failure to hold $0.068 in support could lead to a decline, possibly reaching $0.054. Such a move would negate bullish papers and wipe out recent profits.
Post 3 meme coins to watch in the last week of August first appeared on Beincrypto.
