Meme coins are benefiting from the optimism observed last week, with some tokens recording gains of over 100%. Thus, the upcoming week is likely to see further gains, provided that the upcoming U.S. Consumer Price Index data favors the cryptocurrency market.
BeInCrypto analyzed three meme coins that investors should keep an eye on in the future.
Osaka Protocol (OSAK)
The OSAK coin has seen a significant increase of 44% last week, trading at $0.000000208. However, the meme coin is currently facing resistance at $0.000000210. This price barrier has remained steady over the past month, preventing further upward movement.
Currently, the exponential moving average (EMA) is forming a golden cross, indicating a bullish trend. This technical indicator suggests that OSAK may soon surpass its resistance at $0.000000210, with a potential rise to $0.000000234. If this happens, OSAK may record its highest level in several weeks, attracting more interest from investors.
If market conditions turn unfavorable for digital tokens, OSAK may experience continued consolidation. In this case, the price may drop to $0.000000164, which would negate the bullish outlook.
TROLL (TROLL)
The TROLL coin has risen by 132% in the past week, currently trading at $0.195. The meme coin recorded its all-time high (ATH) at $0.250 during this surge, demonstrating strong upward momentum. With continued market interest, TROLL may aim to build on this growth and reach higher price levels.
The Parabolic SAR indicator, located below the candles, suggests a bullish trend, indicating that the positive momentum of TROLL may continue. This bullish signal may push TROLL to exceed its ATH at $0.250, paving the way for a new high near $0.300.
However, if investor sentiment turns bearish, TROLL may face selling pressure. A drop below the support level of $0.174 could lead to further declines, with a potential drop to $0.104. Such a movement would invalidate the current bullish outlook, suggesting a possible correction in the market.
BUILDon (B)
BUILDon has seen a noticeable increase of 33% last week, with a 13% rise in the past 24 hours. The meme coin recently set its all-time high (ATH) at $0.675, reflecting strong market momentum. This breakout indicates the possibility of further price gains if the upward trend continues.
Currently, BUILDon is trading above the support level of $0.646. A rebound from this support may help the meme coin surpass its ATH, reaching $0.700. This level represents an opportunity for further growth if overall market conditions remain favorable and investor confidence is strong.
However, if BUILDon fails to stay above $0.646, it may face bearish pressure. A drop below this support would bring the price closer to $0.572, wiping out much of the recent gains. This scenario would invalidate the bullish outlook, suggesting a possible correction in the market.
