The crypto market has experienced a volatile start to the second quarter, with many tokens showing significant gains in recent days. Meme coins, in particular, are experiencing a revival, with older tokens gaining traction and new ones attracting attention.
BeInCrypto analyzed five meme coins that investors should pay attention to in the upcoming month and their potential for further growth.
Turbo (TURBO)
TURBO shows impressive momentum, having risen more than 191% in the last two weeks, currently priced at $0.004313. The altcoin is testing key resistance at $0.004842. As one of the best meme coins this month, it continues to attract investor attention, signaling strong potential for future profits.
This jump has provided relief to investors who suffered from February's 'Death Cross.' With TURBO nearing a three-month high, prospects remain positive if overall market trends support further growth. A breakout above resistance may push TURBO to a target of $0.006857, offering additional growth potential. A failure to break through $0.004842 could lead to a trend reversal. A drop below this resistance is likely to test TURBO's support level at $0.003304. This would negate the bullish scenario and potentially erase a significant portion of the recent price increase.
Neuro Ethereum (NEIRO)
NEIRO has experienced a significant revival, rising by 256% just this week. Currently trading at $0.0661, the meme coin is at a four-month high. As NEIRO seeks to break resistance at $0.0715, it may continue to rise if overall market conditions remain favorable.
The potential for NEIRO to break $0.0715 is strong, as the overall market shows bullish trends, and Bitcoin approaches $100,000. This could provide the necessary momentum for NEIRO to advance to resistance at $0.0845. A successful test of this level would solidify recent gains and set the stage for a move to $0.1000. A failure to break through $0.0715 is likely to lead to a bearish correction for NEIRO. In this scenario, the price may fall through key support at $0.0568, potentially testing $0.0446. This would negate the current bullish outlook, highlighting the importance of breaking resistance for continued growth.
Brett (BRETT)
BRETT has shown impressive growth, rising by 120% in the last two weeks, trading at $0.054. This jump marks nearly a three-month high for the meme coin, driven by changing market conditions. The rally indicates strong investor interest, fueled by increasing interest in meme coins on the Base platform.
With the market change, BRETT has garnered attention, making it one of the most promising altcoins in its category.
With BRETT's momentum continuing, it may break the resistance level at $0.058, opening the way for further profits. A move to $0.072 is likely, especially considering the rising hype around meme coins on the Base platform. This meme coin is also reviving the Solana versus meme coins debate on the Base platform; however, Alvin Kan, the COO of Bitget Wallet, told BeInCrypto that this may not be the case.
"Solana is still leading. It is fast, cheap, and has an army of enthusiasts ready to mint and trade anything that goes viral. Base is growing, and Coinbase may help push it further, but it has yet to create the same retail energy. As for AI-based meme coins—they're interesting, but still feel like a niche within a niche. For now, Solana memes dominate the meme meta."
However, a correction may occur if BRETT fails to break $0.058. The price may fall through support at $0.052, potentially reaching $0.042. This decline would negate the bullish outlook, signaling a shift in market sentiment. Without sustained support above $0.058, bullish momentum may be short-lived, and bearish conditions could prevail.
Official Trump (TRUMP)
TRUMP has attracted investor attention, rising by 60% this week to $12.14. The meme coin has renewed interest, fueled by market speculation. Its growth occurs against a backdrop of increasing excitement around politically driven volatility, making it a popular choice for traders looking to capitalize on unpredictable market swings.
Although TRUMP has failed to establish support at $12.57, the possibility of reaching this level in the coming weeks remains high. The influence of the U.S. President on market movements, driven by unexpected announcements, could be the catalyst needed for further growth in TRUMP, potentially reaching $14.53, following broader financial trends. A failure to hold $12.57 as support could signal a reversal. In that case, TRUMP could see its price drop to $11.44 or $10.29, undermining the current bullish sentiment. This scenario would negate positive momentum, and investors need to closely monitor key levels for potential price changes.
Pudgy Penguins (PENGU)
PENGU has experienced significant volatility since January, with large declines following initial interest. However, the meme coin sharply recovered, rising by 118% in the last two weeks. This recovery has attracted investor attention, reviving hopes for further growth and new momentum in the altcoin's price.
Currently trading at $0.00846, PENGU is approaching a key resistance level at $0.01007. If the meme coin can maintain its bullish momentum, this represents a promising opportunity for investors. A successful breakout above this level could attract additional buyers, further increasing its price and expanding interest in this recovering meme coin. A failure to break through $0.01007 is likely to lead to a price drop, with potential support at $0.00718. This would erase recent gains and negate the bullish sentiment, with further declines to $0.00549.#TRUMP #pengu #memecoin🚀🚀🚀 #crypto #trading $TRUMP