3 notable meme coins in the first week of October

The meme coin market performed well at the beginning of the month before falling sharply, currently standing at $67.4 billion. Several altcoins have stood out and are still showing potential for further growth.

BeInCrypto analyzed three meme coins that investors should keep an eye on as Q3 begins.

Pump.fun (PUMP)

PUMP has emerged as one of the best-performing cryptocurrencies this month , posting a 66.8% gain since the start of the month. At the time of writing, the altcoin is trading at $0.0056, attracting investor attention with its steady upward momentum.

While not an original meme coin, PUMP is closely linked to the category through Pump.fun, a major meme coin launchpad. With thousands of meme coins out there, PUMP is heavily influenced by Meme token, fueling its recent growth despite market volatility.

The Token even hit a new All-Time-High (ATH) of $0.0090 during its recent rally. For PUMP to retest this level, it needs to break above $0.0077 or higher. The Chaikin Money Flow (CMF) indicator shows an uptrend above zero, signaling increased inflows, which could strengthen the bullish outlook for PUMP.

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However, if the negative sentiment in the broader crypto market increases, PUMP could face downward pressure. Meme coin could fall to $0.0047, and in a deeper correction, it could fall further to $0.0041. Such a move would invalidate the bullish thesis.

Memecore (M)

M has quickly become one of the most promising meme coins on the market , rising 243% in a month. At the time of writing, the altcoin is trading at $2.33, maintaining strong momentum despite recent volatility in the broader cryptocurrency market.

The challenge for M is to maintain this momentum, with the Token currently 28% away from its All-Time-High of $2.99. A successful conversion of the $2.61 level into support could spur fresh demand, supported by positive market signals, pushing Memecore closer to reclaiming its record price.

If M fails to sustain the bullish momentum, the price could break below the $2.17 support. This decline could drag the altcoin further down to $1.87, and in a sustained decline, to $1.33, which would invalidate the bullish thesis and cause significant caution on the part of investors.

HarryPotterObamaSonic10Inu (BITCOIN / HPOS10)

Another meme coin to watch is HarryPotterObamaSonic10Inu, which has emerged as a surprise hit, posting a strong rally towards the end of the month. The meme coin is up 44% since the beginning of the month, attracting investor attention.

The meme coin is trading at $0.114, just below the $0.116 resistance. The Exponential Medium Averages are close to forming a Golden Cross, a key bullish signal. If the bullish momentum continues, HarryPotterObamaSonic10Inu could rise to $0.128 and possibly higher, securing further gains for holders betting on its growth.

However, if the bullish momentum weakens, HarryPotterObamaSonic10Inu may not be able to sustain its rally. In that case, the price could fall to $0.099, with a potential drop to $0.090. Such a decline would invalidate the bullish thesis.