The state of the crypto market has significantly improved as April comes to a close. Meme coins are expected to start May with a strong momentum, as investors seem to be taking these humorous tokens much more seriously, as evidenced by Housecoin (HOUSE).
BeInCrypto analyzed three meme coins that investors should pay attention to, and how their interest is solidified in these tokens.
Zerebro (ZEREBRO)
Launch date – November 2024
Total circulating supply – 999.95 million ZEREBRO
Maximum supply – 1 billion ZEREBRO
Fully diluted valuation (FDV) – 60.01 million dollars
ZEREBRO has risen by 30% in the last 24 hours, trading at $0.061. The meme coin shows strong bullish momentum and seems ready to continue its upward trend.
With the 50-day exponential moving average (EMA) providing reliable support, ZEREBRO demonstrates strong technical strength. This support level may help the altcoin reach the next significant resistance at $0.086. If the altcoin continues to hold above the 50-day EMA, it could maintain its upward movement, provided there is sustained investor interest. However, profit-taking by investors could cause a price correction, sending ZEREBRO down. A drop below the support level of $0.051 could lead to further declines to $0.042. Recent gains could be lost if this support is breached, and the bullish forecast would be invalidated.
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 risen by 25% since Sunday, trading at $0.0123, showing strong upward momentum. The meme coin aims to overcome the resistance at $0.0147. For this, stable support from investors is needed. If the momentum continues, PENGU could break through this key level to further gains.
A breakout above the resistance level of $0.0147 could set PENGU on a path to $0.0225, indicating potential for further upward movement in the coming days. Failure to overcome the resistance at $0.0147 is likely to result in a decline in PENGU's price. If the altcoin drops below $0.0100, it may continue to decrease to the support level of $0.0071. Such a drop would invalidate the current bullish forecast and could lead to a prolonged downturn.
Small Cap Corner – Housecoin (HOUSE)
Launch date – April 2025
Total circulating supply – 998.83 million HOUSE
Maximum supply – 998.83 million HOUSE
Fully diluted valuation (FDV) – 66.90 million dollars
HOUSE has emerged as an unexpected contender in the meme coin market, drawing attention with its humorous concept of investing in cryptocurrency instead of real estate. This fresh approach has resonated with investors, and many are actively supporting the token as it gains traction in the crypto community.
In the past week, HOUSE has risen by 816%, currently trading at $0.0664. The altcoin aims to convert the level of $0.0666 into support, which is an important step before targeting the resistance at $0.1000. If successful, this will create conditions for further growth, potentially attracting more investors to the token. However, if the novelty of the idea fades or investors decide to lock in profits, HOUSE could experience a sharp decline. A drop below $0.0666 could lead to a decrease to $0.0170, invalidating the current bullish forecast. Such a correction is likely to signal the end of the recent upward trend of the altcoin.#Write2Earn #BinanceSquare #Binance #Squar2earn #BinanceAlphaAlert $PENGU