Despite the general woes of the cryptocurrency industry, the meme-coin market has seen an unexpected surge. While the price of most tokens fluctuates wildly, some memes have managed to avoid this instability.
BeInCrypto has identified three outstanding memes that have achieved significant growth and solidified their reputation as tokens to watch in the market.
KEKIUS
After the launch of KEKIUS, it gained as much as 2,392% this week, becoming one of the best performing meme coins this week. This rapid growth has attracted a lot of attention from investors and made the coin a standout in the market.
KEKIUS hit an all-time high of $0.39 and is currently trading at $0.17. The meme is trying to turn $0.18 into a support level, which could set the stage for a new round of upward momentum and consolidate investor confidence.
However, if KEKIUS fails to hold the key $0.09 support level, it could face a sharp decline. A break below that threshold could cause the token to plummet to $0.02, thus invalidating the bullish outlook and erasing most of its recent gains.
DOGE
DOGE(GOV) is up 49% for the week, defying market volatility. Most of the gains have occurred in the past 24 hours, underscoring the meme token's strong performance and growing investor interest.
DOGE(GOV) is currently trading at $0.174, aiming for a support level of $0.161. Achieving this goal will provide the necessary foundation to push it to $0.312, marking its great potential for further growth and strengthening its bullish momentum.
However, if it fails to maintain support at $0.161, DOGE(GOV) could fall below $0.094. This decline could lead to a further fall to $0.049, invalidating the bullish outlook and erasing recent gains.
RETARDIO
RETARDIO has surged 42 percent in the past week and is nearing a key resistance level of $0.095. Despite the stunning rally, the altcoin failed to break out and is currently trading at $0.089, reflecting strong momentum but also highlighting the challenges of breaking through key levels.
If RETARDIO manages to break above $0.095, it could turn that level into support. This would pave the way for the altcoin to target the next resistance level at $0.121, further solidifying its bullish momentum and generating substantial gains for investors.
However, if it breaks again, it could cause the price to fall to $0.069. Such a decline would invalidate the bullish outlook, erasing recent gains and underscoring the need for sustained momentum to sustain the upward momentum.