Gigachad surges 22% as Dogecoin leads the boom | Today's meme coins to watch

The meme coin market is surging strongly, increasing 8.4% in the past 24 hours, with a total value reaching $85 billion. With Dogecoin leading the way, other meme coins are also experiencing significant growth, benefiting from the positive momentum of the broader market.

Therefore, BeInCrypto has analyzed three meme coins for investors to follow in the coming hours and the direction they may be heading.

Dogecoin (DOGE)

• Launch Date – December 2013
• Circulating Supply – 150.13 billion DOGE
• Max Supply – Unlimited
• Fully Diluted Valuation (FDV) – $35.73 billion
• Contract Address – 0xba2ae424d960c26247dd6c32edc70b295c744c43

Dogecoin, leading the meme coins, has increased 12% in the past 24 hours, reaching $0.239. This surge has positively impacted other meme tokens, demonstrating DOGE's influence in the market.

Currently facing resistance at $0.245, Dogecoin has reached its highest level in 2 months. The Parabolic SAR below the candles suggests DOGE may maintain its upward trend in the coming days. If this support is maintained, the meme coin could continue pushing to higher prices, attracting more buyers and momentum.

However, meme coins are highly volatile. If DOGE investors decide to take profits, the price could drop to $0.220. Losing this support would invalidate the price increase prospects, signaling a potential short-term decline for the altcoin.

Gigachad (GIGA)

• Launch Date – March 2024
• Circulating Supply – 9.60 billion GIGA
• Max Supply – 10 billion GIGA
• Fully Diluted Valuation (FDV) – $223.26 million
• Contract Address – 63LfDmNb3MQ8mw9MtZ2To9bEA2M71kZUUGq5tiJxcqj9

GIGA's price has increased 22.3% in the past 24 hours, reaching $0.024, becoming one of today's top meme coins. This altcoin is currently targeting the $0.025 resistance, with momentum building for a potential breakout. This strong surge signals short-term price increase potential.

Investment cash flow continues to support GIGA, with CMF moving closer to the zero line. This indicates incoming cash flow outweighing outgoing flow, a positive sign for the altcoin's future development. If this trend continues, GIGA could increase further, potentially reaching $0.029, marking its highest value in the past month.

However, if investors decide to take profits, the altcoin could experience a correction. Selling pressure might cause GIGA to test support at $0.022. If this level is not maintained, it could lead to a deeper decline to $0.019, invalidating the price increase prospects.

Small Market Cap – Coq Inu (COQ)

• Launch Date – December 2023
• Circulating Supply – 69.42 trillion COQ
• Max Supply – 69.42 trillion COQ
• Fully Diluted Valuation (FDV) – $45.06 million
• Contract Address – 0x420fca0121dc28039145009570747295f2329

COQ has increased 7% in the past 24 hours, following the momentum of larger meme coins. Despite recent growth, it continues to struggle to recover from losses suffered in June. The growth potential of this meme coin depends on breaking important resistance levels and maintaining positive momentum.

For COQ to continue its upward trend, it must overcome the resistance at $0.0000006862. Currently trading at $0.0000006482, this altcoin shows signs of an upward trend, supported by the Parabolic SAR indicator below the candles, suggesting price increase momentum could extend further in the short term.

However, unforeseen bearish market conditions could prevent COQ's progress. A sharp decline could cause COQ to fall to $0.0000005841, erasing recent gains. If the altcoin fails to maintain critical support levels, price increase prospects will be invalidated, and a downward trend could intensify.