The past seven days witnessed a resurgence in the interest investors hold in meme coins as the crypto market recovered. However, this week, the likes of Shiba Inu (SHIB), dogwifhat (WIF), or BONK did not make the list of best-performing assets, but other emerging meme coins did.
BeInCrypto has analyzed the top three best-performing tokens that surpassed the meme coin leaders as well as investors’ expectations.
Skibidi Toilet (SKBDI) Could Not Be Flushed
Skibidi Toilet has surged by 368% this week, making it one of the top-performing cryptocurrencies. The meme coin jumped from $0.1298 to $0.6081, breaking through key resistance levels and attracting the attention of traders as well as forming a new all time high of $0.6604.
Despite its upward momentum, Skibidi Toilet could face selling pressure over the weekend. If profit-taking begins, the meme coin might see a decline toward $0.4000 or lower.
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However, if investors hold onto their positions, Skibidi Toilet’s price could continue to rise. Should the market’s bullish sentiment persist, this could invalidate the bearish outlook, allowing the meme coin to further extend its gains.
Sad Hamster (HAMMY) Is Seemingly Happy
Sad Hamster’s impressive rally has thrilled its investors, with the meme coin soaring by 132% to reach $0.0314. This significant price jump has caught the attention of the broader crypto community, elevating Sad Hamster as one of the top performers this week.
Breaking through the critical barrier at $0.0172 has proven pivotal for Sad Hamster. This resistance had kept the altcoin’s growth stagnant for the past two months. Overcoming this hurdle indicates increasing market confidence, which could support further upward movement.
The meme coin now targets $0.0360, which could spark additional gains if breached. However, failure to overcome this resistance may trigger selling pressure, potentially bringing Sad Hamster’s price down to $0.0195.
Brainlet (BRAINLET) Exploded This Week
Brainlet’s price surged by 153% in the past few days, jumping from $0.015 to $0.036. This remarkable rally has garnered significant attention from investors, especially as the meme coin successfully broke through the critical resistance level of $0.022.
The potential for further growth remains strong, as the Parabolic Support and Resistance (SAR) indicator signals an ongoing uptrend. If this momentum continues, Brainlet could rise to $0.040, further boosting investor confidence.
Read more: 7 Best Base Chain Meme Coins to Watch in October 2024
However, a potential drawdown could occur if selling pressure begins to outweigh buying interest. In that case, the next key support level for Brainlet stands at $0.029. Investors should stay cautious as the market could experience volatility, especially if profit-taking intensifies.
The post This Week in Meme Coins: Skibidi Toilet Climbs 360%, HAMMY and BRAINLET Cross 100% appeared first on BeInCrypto.
