Meme coin season appears to be back in full swing, with several tokens registering notable double-digit hikes. Leading the charge are cat-themed Popcat (POPCAT), Ethereum-based Mog Coin (MOG), and First Neiro on Ethereum (NEIRO).

As of this writing, POPCAT’s price has increased by 15% in the last 24 hours, while MOG jumped by 18.40%. NEIRO, on the other hand, recorded a better performance with a 46.60% hike within the same period. With interest in these tokens rising, this analysis evaluates if the rallies will continue and help meme coins reclaim the spotlight.

Popcat Continues to Climb But Could Retrace

On Saturday, October 5, BeInCrypto reported that POPCAT hit a new all-time high of $1.29. Today, the price has surpassed that, reaching $1.43. This increase signals strong investor interest in the meme coin.

The 4-hour chart reveals resistance at $1.48. Additionally, the Relative Strength Index (RSI), which measures momentum, stands at 72.05. An RSI reading above 70.00 indicates that a cryptocurrency is overbought, suggesting a potential price drop.

In POPCAT’s case, a pullback toward $1.28 seems possible. However, if bulls maintain pressure, the token’s price could climb further, potentially reaching $1.60.

Read more: How to Buy Solana Meme Coins: A Step-By-Step Guide

Mog Coin Sets Sights on $0.0000020

Unlike Popcat, MOG’s price increase to $0.0000016 did not lead the meme coin to a new all-time high. However, the token has the potential to hit a higher value in the short term. On the daily chart, the Moving Average Convergence Dive

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Author: Victor Olanrewaju