Meme coins have lost momentum over the past few days, but some tokens continue to show an upward trend. One of the most notable meme coins in the past 24 hours is SPX6900, which has risen by 30%.
BeInCrypto analyzed two different meme coins that investors can follow in the footsteps of SPX.
Pepe (PEPE)
- Launch Date – April 2023
- Total Circulating Supply – 420.69 trillion PEPE
- Maximum Supply – 420.69 trillion PEPE
- Fully Diluted Valuation (FDV) – $6.08 billion
- Contract Address – 0x6982508145454ce325ddbe47a25d4ec3d2311933
PEPE has maintained an upward trend over the past 3 weeks, aiming for price increases. Currently trading at $0.00001443, the meme coin PEPE is facing resistance at $0.00001489 and must break through this level to continue its upward trend.
If the upward trend continues, PEPE could break through $0.00001489. This breakthrough could trigger a 10.79% increase, pushing the price to $0.00001600 and confirming the strength of the current upward momentum.
However, if it fails to break through $0.00001489, it could decline. PEPE might fall below the support level of $0.00001384, potentially dropping to $0.00001216 and invalidating the current upward trend.
SPX6900 (SPX)
- Launch Date – March 2024
- Total Circulating Supply – 930.99 million SPX
- Maximum Supply – 1 billion SPX
- Fully Diluted Valuation (FDV) – $1.11 billion
- Contract Address – 0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c
SPX has risen almost 31% in the past 24 hours and is currently trading at $1.18, just below the $1.23 resistance. This momentum suggests that the meme coin will continue to rise, driven by increased investor interest and positive market sentiment.
A strong upward conversion indicates a high possibility of a golden cross where the 50-day moving average crosses above the 200-day moving average. If confirmed, SPX could rise to $1.40, attracting more buyers.
However, if it fails to break through $1.23 or selling pressure increases, SPX could drop back to $1.00. This decline would invalidate recent gains and challenge the current upward outlook.
Small Cap Corner – Harry Potter Obama Sonic 10 Inu (ETH) (Bitcoin)
- Launch Date – July 2023
- Total Circulating Supply – 990.79 million BITCOIN
- Maximum Supply – 1 billion BITCOIN
- Fully Diluted Valuation (FDV) – $79.75 million
- Contract Address – 0x72e4f9f808c49a2a61de9c5896298920dc4eeea9
The meme coin BITCOIN has recently risen by 5.3%, with the Ichimoku Clouds below the candlestick, indicating continued upward momentum. This suggests the price can maintain an upward trend in the short term.
Currently trading at $0.079, BITCOIN is trapped between $0.081 and $0.071. Breaking through $0.081 could push the meme coin's price to $0.090.
However, if selling pressure increases, it could enter a correction. If BITCOIN falls below the $0.071 support level, it could drop to $0.064, invalidating the upward outlook.
