The cryptocurrency market has had a volatile start in the second quarter, with many tokens recording significant growth in recent days. Particularly, meme coins have experienced a revival, with old tokens attracting attention and new tokens standing out.
BeInCrypto has analyzed five meme coins for investors to follow in the coming month and their growth potential.
Turbo (TURBO)
TURBO has shown impressive momentum, increasing over 191% in the past two weeks, currently priced at $0.004313. This altcoin is testing an important resistance level at $0.004842. As one of the best-performing meme coins this month, it continues to attract investor attention, signaling strong potential for future profits.
This growth has brought relief to investors affected by the Death Cross in February. With TURBO near a three-month high, prospects remain positive if the broader market trend supports further growth. A breakout above the resistance could push TURBO towards the $0.006857 target, bringing additional profits.
TURBO price analysis. Source: TradingViewFailure to overcome $0.004842 could lead to a trend reversal. A drop below this resistance could cause TURBO to test support at $0.003304. This would invalidate the price increase scenario and potentially erase most of the recent gains.
Neiro Ethereum (NEIRO)
NEIRO has undergone a notable revival, increasing 256% just this week. Currently trading at $0.0661, this meme coin is at its four-month high. As NEIRO seeks to break through the $0.0715 resistance, it could continue its upward momentum if broader market conditions remain favorable.
The potential for NEIRO to surpass $0.0715 is strong, with the broader market showing an upward trend as Bitcoin approaches $100,000. This could provide the necessary momentum to push NEIRO towards the $0.0845 resistance. A successful test at this level would consolidate recent profits and set the stage for a move to $0.1000.
NEIRO price analysis. Source: TradingViewFailing to overcome $0.0715 could lead NEIRO into a correction. In this scenario, the price might drop past the critical support at $0.0568, potentially testing $0.0446. This would invalidate the current price increase prospects, emphasizing the importance of breaking resistance to continue growth.
Brett (BRETT)
BRETT has shown significant growth, increasing 120% in two weeks, trading at $0.054. This growth marks a near three-month high for the meme coin, driven by changes in market conditions. This price surge demonstrates strong investor sentiment, fueled by increasing interest in Base meme coins.
As the market shifts, BRETT has attracted attention, making it one of the more promising altcoins in its portfolio.
With continued momentum, BRETT could surpass the $0.058 resistance, opening opportunities for further profits. A move towards $0.072 is feasible, especially as the hype around Base meme coins continues to grow.
BRETT price analysis. Source: TradingViewThis meme coin has also revived the debate between Solana and Base meme coins; however, Alvin Kan, COO at Bitget Wallet, told BeInCrypto that this might not be accurate.
"Solana is still leading. It's fast, cheap, and has a team of degens ready to create and trade anything that goes viral. Base is developing, and Coinbase might help push it further, but it hasn't built the same energy from retail investors. As for AI meme coins—they're interesting, but still feel like a niche within a niche. Currently, Solana memes dominate the meta."
However, a correction could occur if BRETT fails to break $0.058. The price might drop past the $0.052 support, potentially falling to $0.042. This decline would invalidate the price increase prospects, signaling a change in market sentiment. Without sustained support above $0.058, the upward momentum could be short-lived, and downward conditions might prevail.
Official Trump (TRUMP)
TRUMP has attracted investor attention, increasing 60% this week to trade at $12.14. This meme coin has reignited interest, driven by market speculation. Its increase occurs against a backdrop of growing excitement around political volatility, making it a popular choice for traders seeking to leverage unpredictable market movements.
Although TRUMP did not maintain support at $12.57, the potential to reach this level in the coming weeks remains high. The U.S. President's influence on market volatility, driven by unexpected announcements, could provide the necessary momentum for TRUMP to rise higher, potentially reaching $14.53 as it follows broader financial trends.
TRUMP price analysis. Source: TradingViewFailing to maintain support at $12.57 could signal a reversal. In this case, TRUMP might see its price drop to $11.44 or $10.29, weakening the current price increase prospects. This scenario would erode the positive momentum, and investors need to closely monitor key levels to adjust pricing.
Pudgy Penguins (PENGU)
PENGU has experienced significant volatility since January, with sharp declines following initial interest. However, this meme coin has made a strong recovery, increasing by 118% over the past two weeks. This recovery has attracted investor attention, sparking hopes for continued growth and new momentum in the price of this altcoin.
Currently trading at $0.00846, PENGU is approaching an important resistance level at $0.01007. If this meme coin can maintain its price momentum, it offers promising opportunities for investors. A successful breakout above this level could attract more buyers, push the price higher, and expand interest in this resurgent meme coin.
PENGU price analysis. Source: TradingViewFailing to break through $0.01007 could lead to a price decline, with support potentially dropping to $0.00718. This would erase recent gains and diminish price growth prospects, with the possibility of a deeper drop to $0.00549.
