The crypto market has had a volatile start in the second quarter, with many tokens recording strong increases in recent days. Particularly, memecoins are experiencing a strong revival, with old tokens regaining their appeal and new tokens attracting attention.
The article will analyze 5 memecoins that investors should follow in the coming month, along with their potential for growth.
TURBO is showing an impressive upward trend, with an increase of over 191% in the past two weeks, currently trading at $0.0048 and testing an important resistance level at $0.004842. As one of the best-performing memecoins this month, TURBO continues to attract investor attention, showing strong growth potential in the future.
This price increase has provided relief for investors affected by the Death Cross pattern in February. With TURBO near its three-month high, the outlook remains positive if the overall market trend continues to support it. If it breaks through the current resistance, TURBO could reach a target of $0.006857, offering additional price growth potential.
Failure to break above $0.0048 could lead to a trend reversal. If the price drops below this resistance, TURBO is likely to return to test the support zone at $0.0033. This would invalidate the price increase scenario and potentially erase most of the recent gains.
NEIRO has made a notable comeback, surging 256% in just this week. Currently trading at $0.07, this memecoin is at its four-month high. As NEIRO attempts to break through the $0.0715 resistance, if overall market conditions remain favorable, the upward momentum may continue.
The likelihood of NEIRO breaking above $0.0715 is quite strong, as the broader market shows an upward trend, especially as Bitcoin approaches the $100,000 level. This could create the necessary momentum for NEIRO to target the $0.0845 resistance. If successfully breaking this threshold, the recent upward trend would be consolidated, opening opportunities to reach $0.1.
Failure to break above $0.0715 could cause NEIRO to correct downward. In this scenario, the price might pierce the important support level at $0.0568 and potentially continue declining to $0.0446. This would invalidate the current price increase prospects, highlighting the importance of breaking resistance to maintain growth momentum.
BRETT has shown impressive growth, increasing 120% in two weeks and currently trading at $0.067. This price increase marks a near three-month high for the memecoin, thanks to changing market conditions. The upward trend shows positive investor sentiment, supported by growing interest in memecoins on the Base platform.
As the market changes, BRETT has attracted attention, becoming one of the promising altcoins in its segment.
If the upward trend continues, BRETT could break through the $0.058 resistance, opening opportunities for further increases. The target of $0.072 is entirely feasible, especially as interest in Base memecoins continues to grow.
This memecoin has also reignited the debate between memecoins on Solana and Base. However, Alvin Kan, COO of Bitget Wallet, suggests this may not be entirely accurate.
"Solana is still leading. It's fast, low-cost, and has a powerful community always ready to create and trade anything that's 'hot'. Base is developing, and Coinbase might help further, but it hasn't yet created significant attraction for small investors. As for AI memecoins — they're interesting, but still like a niche within a niche. Currently, Solana memecoins still dominate the meme meta".
However, a correction could occur if BRETT fails to break through $0.058. The price might drop below the $0.052 support zone and potentially reach as low as $0.042. This decline would invalidate the price increase prospects, indicating a change in market sentiment. If support cannot be maintained above $0.058, the current upward trend may be temporary, and a downward trend could prevail.
However, a correction could occur if BRETT fails to break through $0.058. The price might pierce the $0.052 support zone and potentially decline deeply to $0.042. This decline would invalidate the price increase prospects, signaling a change in market sentiment. If a stable support cannot be maintained above $0.058, the current upward trend may be short-term, and a downward price trend could dominate.
TRUMP has attracted investor attention, surging 82% this week and currently trading at $15.66. This memecoin has revived market interest, driven by speculation and expectations. TRUMP's upward trend occurs against a backdrop of increasing excitement around political developments, making it a popular choice for traders looking to capitalize on unpredictable market fluctuations.
The U.S. President's influence on market fluctuations — especially through unexpected statements — could be a catalyst for TRUMP's further growth.
Failure to maintain support at $12.57 could be a reversal signal. In this case, TRUMP would drop to $11.44 or $10.29, weakening the current price increase prospects. This scenario would invalidate the positive upward trend, forcing investors to closely monitor key price levels to identify potential fluctuations.
PENGU has been volatile since January, with deep drops after initial attention. However, this memecoin has strongly recovered, increasing 118% in two weeks. This recovery has attracted investor attention, reviving hopes for continued growth and a new price momentum for this altcoin.
Currently trading at $0.0088, PENGU is approaching an important resistance level at $0.01007. If this meme coin maintains its current upward momentum, it will become an attractive opportunity for investors. Successfully breaking through this resistance threshold could attract more buyers, continue to push the price higher, and expand interest in this resurgent meme coin.
If it fails to break through $0.01007, the PENGU price is likely to decline, with support potentially retreating to $0.00718. This would erode recent profits and nullify price increase prospects, with the possibility of a deeper drop to $0.00549.
You can view coin prices here.
Disclaimer: The article is for informational purposes only, not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment choices.
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Dinh Dinh
