Following the launch of Trump’s own meme coin, cryptocurrencies in this niche experienced significant selling pressure. However, the recent surge in BTC has led to Trump Coin achieving noteworthy gains, boosting hopes for a potential recovery in meme coins. Which altcoin appears to be more attractive in this context?
Trump Coin and Dogecoin
BTC price was hovering around $93,950 at the time of writing, with lower volatility than previous days. While some altcoins suffered losses exceeding 3%, Trump Coin found buyers at $14.7.
To maintain the upward momentum, the support level at $14.3 must hold. If this level is preserved, BTC may test the $15.7 mark in the coming days without incurring serious losses. In the event of a decline, the reactions from buyers around the $13.54 and $12.50 regions will be significant. Having increased by 80% from its low in about three days, profit-taking could challenge the bulls. Long upper wicks indicate that the upward movement might pause for now, suggesting we could see tests of support levels.
Following a tariff reduction, Dogecoin $0.227009 (DOGE) saw its price rise by 40% to $0.129. Although there are attempts to break through the resistance at $0.187, success has yet to be achieved. If the support around $0.18 is maintained, we may see renewed attempts at the resistance level and potential testing of the $0.20-$0.22 range.
DOGE might not achieve gains as quickly as Trump Coin, but its losses are expected to be proportionally smaller. The direction of BTC will play a crucial role here.
PEPE and Floki Coin Insights
PEPE Coin price experienced a 70% increase over 17 days. Although a test at $0.0000095 is anticipated, a pause in BTC’s upward movement has dampened buyer enthusiasm here as well. However, if BTC continues to consolidate above $93,200, bullish motivation could return. In a downside scenario, $0.00000841 will serve as a critical support level, with testing possible below $0.0000078.
For a bounce from the low, Floki Coin shows great eagerness, although it too has seen a weekend pause in its upward trend. The $0.0000711 level is an important support, and for momentum to gain traction, the area around $0.0000914 needs to be reclaimed. Floki Coin must regain the above support to initiate one of its former parabolic movements at $0.0001140.