USELESS, TUT, and BANANAS31 Meme Tokens are showing strength against the market.
While the cryptocurrency market remains generally stagnant, many major assets are approaching multi-week low levels. Meme coins are experiencing sharp price corrections, while some stand out with strong resistance and upward potential.
USELESS Coin (USELESS)
The Solana-based meme token USELESS is showing remarkable performance this week. The token is currently trading at approximately $0.102 and has gained over 22% in value in the last 7 days. USELESS reached an all-time high of $0.119 on June 21. Although there was a slight pullback afterward, technical indicators still suggest that buyers are in control. In particular, the Balance of Power (BoP) indicator is hovering at 0.26, indicating that market dominance lies with the buyers. A positive BoP suggests that the price may rise again and surpass the previous peak. However, if there is a decline in purchasing power, the price could retreat to the level of $0.092.
TUT Token (TUT)
TUT recorded a 30% increase last week, and today it continues to perform strongly with a 15% increase. The Aroon indicator on daily charts confirms that the current upward trend is solid. At press time, the Aroon Up line for TUT is at 100%, indicating that a significant peak has been made recently. The token is currently trading at $0.042, and these levels are among the three-month highest prices. If the rise continues, it may stay above $0.043 and move towards the $0.05 level. However, if profit-taking increases, the price could retreat to $0.039.
BANANAS31 (BANANAS31)
The price of BANANAS31 is trading at $0.0079 with a 17% increase at press time. It reached an all-time high of $0.0085 during early Monday Asian session. The token's trading volume has increased by 66% in the last 24 hours, rising to $78 million. This high volume reveals that there is real market demand behind the price rise. If current demand continues, BANANAS31 may retest and surpass its all-time high. However, if demand decreases, the price could drop to $0.0075.
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