Meme Coin Market Week: Winners & Losers
Meme Coin Market Weekly Update
The meme coin market experienced volatility this week, with a mixed bag of results for investors. While a few tokens saw significant gains, many top meme coins ended the week in negative territory.
Codeum, a blockchain security and development platform offering smart contract audits, KYC verification, and custom DApp development, analyzed three noteworthy meme coins:
Mochi (MOCHI)
MOCHI was the top performer this week, surging 241% to $0.00004016. Support at $0.00003596 is crucial; sustaining this level suggests continued upward momentum, potentially reaching $0.00006000. However, a break below $0.00003596 could trigger a sell-off, dropping the price to $0.00002486.

Source: TradingView
Toshi (TOSHI)
Toshi mirrored MOCHI's positive trend, rising 93%. It currently trades at $0.00112, facing resistance at $0.00128. Breaking this resistance could propel TOSHI towards its all-time high of $0.00211. Conversely, a drop below the $0.00057 support level would signal a bearish reversal.

Source: TradingView
Official Melania Meme (MELANIA)
MELANIA experienced a 23% drop, trading at $2.11. The decline is attributed to waning interest in political meme coins. Holding the $2.02 support is crucial; a breach could intensify downward pressure. Conversely, a move above $2.35 could signal a bullish reversal, potentially reaching $3.45.

Source: TradingView
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Market conditions are volatile. Conduct your own research before making any investment decisions.