Despite a rough week for the crypto market, some meme coins managed to leave their mark on the investors. This included some small cap tokens such as Wiki Cat (WKC) which poosted a 70% rise in the past week.

BeInCrypto has analysed two other meme coins that performed well or are looking strong to note a rise this week.

Wiki Cat (WKC)

Wiki Cat’s price surged by 70% over the last seven days, reaching $0.000000186. The meme coin is presently holding above this price point, which will be crucial for sustaining momentum.

Currently, WKC is holding above the $0.000000186 support level, indicating stability. If this trend continues, the meme coin could rise to $0.000000391, a significant resistance point. Investor support will be pivotal in determining whether WKC can break through this resistance.

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However, the Parabolic SAR indicator suggests a downtrend, signaling potential bearish movement. If WKC fails to hold above $0.000000186, it could slip through this support level and drop to $0.000000118 or lower. This would invalidate the current bullish thesis, leading to further losses for the meme coin if the downtrend persists.

Launchcoin On Believe (LAUNCHCOIN)

LAUNCHCOIN has underperformed recently, dropping by 6% over the past week. Despite the decline, the meme coin shows potential for a rebound. A rally could occur if the broader market sentiment improves. The token remains on investors’ r

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Author: Aaryamann Shrivastava