This week, Bitcoin set a new all-time high due to major macroeconomic events, leading to a strong rally in meme coins and other cryptocurrency tokens. This unexpected rally has triggered impressive growth in several meme coins.
BeInCrypto has analyzed three meme coins that have broken new all-time highs with impressive gains.
APU Apustaja (APU)
APU gained significant attention this week, rising 60% over the past seven days. This strong performance has pushed the meme coin to a new all-time high of $0.00129, making it one of the top-performing tokens this week.
Currently, APU is trying to maintain stability above the crucial support level of $0.00098. If this support is maintained, the uptrend can continue unless investors decide to take profits. Establishing a stable base at this level could further strengthen the coin's bullish outlook.
However, if APU holders choose to sell, the price could drop below the $0.00098 support and potentially reach $0.00074. Such a decline would disrupt the upward momentum and could lead to a more cautious attitude among investors seeking short-term gains.
Ethereum First Neiro (NEIRO)
NEIRO has risen 58% over the past seven days, reaching a new all-time high of $0.00251. This is the second all-time high in a month, reflecting strong interest and significant buying momentum. NEIRO's sustained uptrend indicates investors' confidence in its growth potential.
Meme coins are poised to continue their upward trend, buoyed by positive market signals. As long as investors recognize value in NEIRO, the rally can persist. This optimism suggests a favorable environment for further gains.
However, if investors adopt a more cautious outlook, NEIRO could experience a price reversal. A drop to $0.00169 could reduce recent gains, and a breach of this support level could invalidate the bullish outlook. Such a reversal would prompt investors to re-evaluate NEIRO's short-term profit potential.
Simon's Cat (CAT)
CAT rose 33% last week, reaching a trading price of $0.00003697. While it has not yet set a new all-time high, the meme coin is gradually approaching its all-time high of $0.00004650. This increase highlights the growing interest in meme coins and the potential for further gains.
For CAT to maintain its uptrend, it needs to break through and establish the $0.00004063 level as a support floor. This would strengthen investor confidence and pave the way for a push towards the all-time high.
Read more: 11 Solana Meme Coins to Watch in November 2024
However, if CAT fails to establish $0.00004063 as support, it risks retreating to $0.00003410. Losing this support level could weaken the current bullish outlook and prompt investors to re-evaluate CAT's short-term profit potential.
