Meme coins are receiving mixed signals from the market and waiting for a strong upward signal. However, Dogwifhat has recorded a 12% increase without needing this.
Therefore, BeInCrypto analyzed two other meme coins that investors should pay attention to while following WIF's signals.
Moodeng (MOODENG)
- Launch Date – September 2023
- Total Circulating Supply – 998.97 million MOODENG
- Maximum Supply – 989.97 million MOODENG
- Fully Diluted Valuation (FDV) – $215.75 million
- Contract Address – ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
MOODENG has shown good performance today, with its price rising 5%. This altcoin, trading at $0.217, is showing upward momentum while investors await further development. If these positive signals continue for several days, the altcoin could continue to rise.
A golden cross occurred in MOODENG when the 50-day moving average crossed above the 200-day moving average. Traditionally a signal of price increase, this suggests the meme coin could continue to rise. If the trend is maintained, MOODENG could break through the next resistance level of $0.248.
However, significant selling pressure or broad market decline conditions could pose risks to MOODENG's upward prospects. If the price falls below the current support level of $0.180, it could trigger further decline to $0.124. Such a move would invalidate the positive predictions.
Dogwifhat (WIF)
- Launch Date – December 2023
- Total Circulating Supply – 998.92 million WIF
- Maximum Supply – 998.92 million WIF
- Fully Diluted Valuation (FDV) – $983.18 million
- Contract Address – EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm
The WIF price has risen 12.5% in the past 24 hours, becoming one of the best-performing meme coins. Currently trading at $0.98, WIF has risen from the support level of $0.85. This sharp increase could suggest further growth if the upward momentum continues in the coming days.
The Ichimoku cloud below the candlestick indicates the possibility of WIF's upward movement continuing. Successfully breaking through the major resistance of $1.04 could open the path for additional increases, potentially pushing the meme coin to $1.24. Securing this resistance would solidify the recent price increase.
However, the possibility of a reversal remains if market conditions turn unfavorable. If WIF fails to maintain its upward momentum, it could fall back to the support level of $0.85. Losing this support level would cause a decline to $0.65, invalidating the current upward outlook.
Small Cap Corner – Mubarak (MUBARAK)
- Launch Date – March 2025
- Total Circulating Supply – 1 billion MUBARAK
- Maximum Supply – 1 billion MUBARAK
- Fully Diluted Valuation (FDV) – $45.20 million
- Contract Address – 0x5c85d6c6825ab4032337f11ee92a72df936b46f6
The MUBARAK price has risen 11% in the past 24 hours and is trading at $0.044. This meme coin is trying to secure $0.043 as a support level, which is crucial for its upward movement. Maintaining this support level will lay the foundation for potential additional price increases in the near future.
With over 24,450 holders, MUBARAK needs stronger buying activity to sustain its upward trend. The Chaikin Money Flow (CMF) indicator shows that this altcoin is already experiencing strong inflows. This suggests increasing investor interest and raises the possibility of MUBARAK rising towards the $0.066 resistance level in the coming days.
However, if MUBARAK fails to maintain the $0.043 support, it is likely to decline. This altcoin could fall below $0.036 to $0.028 or lower. This would invalidate the current upward logic and raise caution among investors.
