Meme coins have managed to attract investor attention this week thanks to their growth. One of these unexpected rallies has been Housecoin (HOUSE), which has crossed an important milestone in the life of the token.
BeInCrypto analyzed two other meme coins that investors should pay attention to as they face key resistance.
Pudgy Penguins (PENGU)
Launch date – December 2024
Total circulating supply – 62.86 billion PENGU
Maximum supply – 88.88 billion PENGU
Fully diluted valuation (FDV) – 943.05 million dollars
PENGU has suffered a decline of 15.8% over the past 48 hours, but the meme coin is still holding above the critical support level of 0.0100 dollars. This support is crucial for maintaining any upward momentum.
A bounce from the support level of 0.0100 dollars is critical for maintaining recent gains. If PENGU successfully recovers, it could advance to the resistance at 0.0147 dollars. Breaking this resistance will allow the altcoin to rise further, potentially reaching 0.0225 dollars. Maintaining momentum above 0.0100 dollars is vital for a bullish continuation. However, if PENGU loses support at the level of 0.0100 dollars, the outlook will turn bearish. A drop below this level could trigger a decline to 0.0071 dollars, erasing recent gains. Such a move will negate the bullish thesis, and PENGU may face further downward pressure in the coming days.
Memefi (MEMEFI)
Launch date – November 2022
Total circulating supply – 10 billion MEMEFI
Maximum supply – 10 billion MEMEFI
Fully diluted valuation (FDV) – 35.67 million dollars
MEMEFI has become one of the most successful tokens this month, rising by 374% in just ten days. The meme coin is currently trading at 0.0035 dollars, supported by a wave of positive market sentiment.
MEMEFI faces resistance at the level of 0.0048 dollars, which is critical for its next growth phase. With improved market conditions, the altcoin has the potential to break this barrier and rise to 0.0058 dollars. A successful rally above this resistance will signal a sustained bullish trend for the meme coin. However, if MEMEFI loses the support level at 0.0031 dollars, a significant drop may occur. A drop to 0.0025 dollars or below will signal a bearish reversal, potentially lowering the token to 0.0016 dollars. This decline will negate the bullish forecast, and market sentiment is likely to shift to bearish.
Housecoin (HOUSE)
Launch date – April 2025
Total circulating supply – 998.83 million HOUSE
Maximum supply – 998.83 million HOUSE
Fully diluted valuation (FDV) – 108.99 million dollars
HOUSE has risen by 862% over the past week, trading at 0.098 dollars and approaching the resistance at 0.100 dollars. This explosive growth has lifted the market capitalization of the meme coin above 100 million dollars, showcasing strong investor interest. The altcoin is now poised to test higher resistance levels if the bullish momentum continues.
HOUSE is likely to continue its upward movement, potentially raising the price to 0.106 dollars or higher. A successful breakout of the resistance at 0.100 dollars could further strengthen investor confidence, leading to additional gains for holders. Continued positive market sentiment may fuel this growth, solidifying HOUSE's position in the market. However, if HOUSE loses support at 0.066 dollars, the price may drop significantly. A fall to 0.017 dollars will negate the bullish forecast, erasing recent gains of the altcoin. Such a decline would undermine current momentum and shift sentiment to a bearish market.
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