Meme coins managed to grab investors’ attention this week with their growth. One such unexpected rally came from Housecoin (HOUSE) as it crossed a crucial milestone in the coin’s life.
BeInCrypto has analyzed two other meme coins for investors to watch 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
PENGU has experienced a 15.8% decline over the past 48 hours, but the meme coin is still holding above the critical $0.0100 support level. This support is essential for maintaining any upward momentum.
A bounce off the $0.0100 support level is crucial for keeping the recent gains intact. If PENGU successfully rebounds, it could push toward the $0.0147 resistance. Breaching this resistance would allow the altcoin to move higher, potentially reaching $0.0225. Sustaining momentum above $0.0100 is vital for a bullish continuation.
However, if PENGU loses support at $0.0100, the outlook would turn bearish. A drop below this level could trigger a decline to $0.0071, erasing recent gains. Such a move would invalidate the bullish thesis, and PENGU could 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
MEMEFI has been one of the best-performing tokens this month, surging by 374% in just ten days. The meme coin is currently trading at $0.0035, driven by a wave of positive market sentiment.
MEMEFI is facing resistance at $0.0048, which is critical for its next phase of growth. With improving market conditions, the altcoin has the potential to break this barrier and rise toward $0.0058. A successful rally above this resistance would signal a sustained bullish trend for the meme coin.
However, if MEMEFI loses the $0.0031 support level, a significant drop could follow. Falling to $0.0025 or lower would signal a bearish reversal, potentially pushing the token to $0.0016. This decline would invalidate the bullish outlook, and market sentiment would likely shift toward a bearish stance.
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
HOUSE has surged by 862% in the past week, trading at $0.098 and nearing the $0.100 resistance. This explosive growth has propelled the meme coin’s market cap above $100 million, showcasing strong investor interest. The altcoin is now poised to test higher resistance levels if the bullish momentum continues.
HOUSE appears likely to continue its upward trajectory, potentially pushing the price to $0.106 or higher. A successful breach of the $0.100 resistance could further boost investor confidence, leading to additional gains for holders. Continued positive market sentiment could fuel this rise, solidifying HOUSE’s place in the market.
However, if HOUSE loses support for $0.066, the price could significantly decline. A fall to $0.017 would invalidate the bullish outlook, reversing the altcoin’s recent gains. Such a drop would undermine the current momentum and shift sentiment toward a bearish market.
Disclaimer
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