Meme coins were a hot topic during the rally in 2021. Now, new meme coins have joined the fray. In the world of cryptocurrency, two meme coins, COQ and SNEK, began significant rallies in the final days of February 2024. Both meme coins broke through multiple resistance levels to reach new milestones. For the first time, the COQ and SNEK communities are experiencing a bull cycle, sparking curiosity about potential price movements. Let’s examine the activity of these two meme coins.
Coq Inu (COQ) Price on the Rise
Coq Inu (COQ), a meme coin based on the Avalanche Blockchain, initiated a significant rally from the last days of February 2024. This new cryptocurrency started its rally on February 24th, bouncing from a support level of approximately $0.0000014311 and reaching new peaks.
According to data from TradingView, COQ broke through multiple resistance levels during the current rally. It also reached new milestones, becoming a meme coin that caught the crypto community’s attention.
In particular, the Avalanche-based meme coin climbed above resistance levels of $0.0000021885, $0.0000025520, $0.0000032336, and $0.0000039910. The current rally reflects the classic behavior of a meme coin rally during a crypto market bull cycle. With the ongoing rally, COQ has gained 364% in value in less than three weeks at the time this article was written.
Cardano Blockchain’s Snek (SNEK) Among the Rising
Cardano‘s Snek (SNEK) followed a similar trajectory to COQ. It began its rally at the same time, in the latter part of February, and continued to climb. SNEK jumped from a significant support level of around $0.0008963, surpassing resistance levels of $0.0012314, $0.0015529, $0.0017992, and $0.0020454.
Based on TradingView data, the new meme coin has increased by 154% since the start of its rally, trading at $0.0022227 at the time of writing. Historical data indicates that SNEK’s next target is a previous all-time high (ATH) of $0.0028498, which ended last year’s extraordinary rally in December.
Both meme coins are relatively new Blockchain tokens that did not exist during the last bull run. The upcoming altcoin season will be the first time their communities actively experience such an event. Therefore, there is a growing expectation that the cryptocurrencies COQ and SNEK could be among those showing notable performance at the peak of the developing bull cycle.
