3 Meme Coins to Watch in July
The second week of July has brought a surprising shift in market sentiment, with a noticeable resurgence in meme coin activity. Many new projects are emerging, but BeInCrypto has identified three that are attracting significant investor interest, suggesting a potential market trend change.
Hosico Cat (HOSICO)
HOSICO has seen remarkable growth since late June, currently trading at $0.0631. A 109% surge in the past week points to strong investor confidence. This impressive rally even pushed HOSICO to a new all-time high (ATH) of $0.0775.
While further ATHs are possible if this momentum continues, it's crucial to note potential risks. Falling below the $0.0619 support level could trigger a correction, potentially dropping the price to $0.0486.
Useless (USELESS)
USELESS is another meme coin experiencing substantial growth, with a nearly 26% increase this week, currently trading at $0.280. The $0.250 support level appears strong, and positive indicators like the Chaikin Money Flow (CMF) suggest further upward movement is possible.
A potential breakout above the ATH of $0.309, pushing towards $0.400, is a real possibility. However, a drop below $0.250 could result in a correction, potentially reaching $0.182.
Osaka Protocol (OSAK)
OSAK is showing impressive recovery after a challenging June, gaining 50% this week and trading at $0.0000000997. This upward trend, supported by the Parabolic SAR indicator, suggests the potential to break resistance at $0.0000001090 and move towards $0.0000001240.
Nevertheless, a broader market downturn could negatively impact OSAK. Falling below the $0.0000000965 support level could signal a reversal, possibly reaching $0.0000000866.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Market conditions are volatile. Conduct thorough research and consult a professional before making investment decisions. Codeum offers smart contract audits and other blockchain security services to help mitigate risk in the crypto space.