MEME surged 73% after a new all-time low - TOP memecoins to watch today

The meme coin market is witnessing an explosive wave of interest from investors, creating momentum to help many tokens escape the (ATL) historical lows and bounce back strongly. Among them, Memecoin (MEME) stand out by not only avoiding the risk of establishing a new bottom, but also recording an impressive growth of up to 73%.

The Bitcoin magazine has also analyzed two other meme coins that have performed outstandingly in the past 24 hours, making them potential and noteworthy names in the short term.

Memecoin (MEME)

MEME just went through a week full of volatility, reaching a new all-time low at $0.00137. However, this altcoin has strongly rebounded with a rise of 38% in the past 24 hours, currently trading at $0.00196. This recovery marks a significant step forward, driven by renewed interest in meme tokens.

Daily MEME/USDT chart | Source: TradingViewThe recent bullish momentum of MEME is supported by a sudden wave of speculation into meme coins, helping the price achieve a daily rise of up to 73%. To maintain the upward trend, MEME needs to break through and turn the resistance zone of $0.00228 into a support zone – a crucial threshold to solidify the bullish trend.

However, if investors start taking profits, the MEME price may reverse and return to the bottom of $0.00137. Breaking this threshold will invalidate the bullish outlook and signal more difficulties for the coin.

Bone ShibaSwap (BONE)

BONE recorded an impressive rise of 18.5% in the past 24 hours, currently trading at $0.285. This altcoin is currently facing a key resistance zone at $0.295. With the current momentum, there is a high possibility that BONE could break through this level, opening up short-term bullish prospects.

BONE/USDT daily chart | Source: TradingViewIf BONE successfully turns the $0.295 mark into support, the next target will be the resistance zone of $0.348. Maintaining the upward momentum beyond this level could stimulate bullish sentiment in the market, pushing the token price to higher levels.

On the contrary, if it cannot surpass $0.295, the upward momentum may weaken. At that point, BONE risks declining to the level of $0.232, invalidating the bullish outlook and potentially causing investors to become more cautious, delaying subsequent buying opportunities.

Small Cap Corner – Comedian (BAN)

BAN – a small market cap meme coin – is attracting strong attention from investors as it rises to the sky nearly 25% in the past 24 hours, currently trading at $0.040. This increase reflects the growing interest in the meme coin zone, where BAN stands out despite the limited market size.

Daily chart of BAN/USDT | Source: TradingViewInspired by the famous banana that was plastered on a wall in a piece of artwork, BAN has made a big splash after being acquired by Tron founder – Justin Sun – for $6.2 million last year. If the rise continues, this token could surpass the $0.045 mark and turn it into support, solidifying its bullish position.

However, if it cannot break through the resistance zone of $0.045, the price of BAN may turn around and drop to $0.032. At that point, the positive outlook will be negated, and the entire recent increase could be wiped out, making investors more cautious about the risk of a correction in the near future.

You can check the coin price here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making any decisions. We are not responsible for your investment decisions.

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