Meme coins had a good run over the last 24 hours as the broader market cues remained bullish. The total value of these joke tokens shot up by 2.5% and is
Tech
BANANAS31 Rallies 61% To Form New All-Time High | Meme Coins To Watch Today
Meme coins had a good run over the last 24 hours as the broader market cues remained bullish. The total value of these joke tokens shot up by 2.5% and is currenrlly at $60.12 billion led by the small cap token Banana For Scales 37% rise.
BeInCrypto has analysed two other meme coins in addition to BANANAS31 for investors to watch in the coming days.
Floki (FLOKI)
FLOKI has risen by 12% in the last 24 hours, reaching a near-monthly high of $0.00009193. The meme coin is on the verge of breaking through the major resistance level of $0.00010081. If the upward momentum continues, FLOKI could potentially see further price gains in the near future.
The Parabolic SAR, positioned below the candlesticks, is providing support for FLOKI, suggesting that an uptrend is likely to continue. This indicates that the meme coin could maintain its positive price movement, with the potential to move towards higher resistance levels.
FLOKI Price Analysis. Source: TradingView
However, if FLOKI fails to secure $0.00009006 in support, the price could experience a sharp decline. A drop below this support level would likely push FLOKI to $0.00008172, invalidating the bullish outlook. This scenario would suggest a reversal in market sentiment, leading to a potential correction.
Mog Coin (MOG)
MOG surged by 17.5% in the last 24 hours, currently trading at $0.000001135, just above the support level of $0.000001121. Securing this support is crucial to maintain the recent gains and prevent a reversal. This level will determine whether MOG can continue its upward price movement.
If MOG holds the $0.000001121 support, it could push through the $0.000001205 resistance and rise toward $0.000001374. MOG will require consistent investor support to continue posting profits. The meme coins ability to break through key resistance levels will depend on sustained buying pressure and market sentiment.
MOG Price Analysis. Source: TradingView
However, if MOG faces selling pressure, it may fail to secure the $0.000001121 support level. A decline below this level could lead to a drop to $0.000000966, reinforcing the ongoing Death Cross. This would invalidate the bullish thesis, suggesting that market sentiment has shifted toward a bearish outlook.
Small Cap Corner – Banana For Scale (BANANAS31)
BANANAS31 surged by 61% during today‘s intra-day rise, reaching a new all-time high (ATH) of $0.0243. This impressive rally showcases the altcoin’s strong momentum, as investor interest continues to rise. The new ATH signals a potential for further price growth, depending on market conditions.
If the bullish momentum persists, BANANAS31 could continue pushing upward, forming new ATHs in the coming days. Investors are likely to remain in profit as the altcoin maintains its upward trajectory. However, sustained growth will depend on continued investor support and favorable market conditions for the meme coin.
BANANAS31 Price Analysis. Source: TradingView
Should investors decide to cash out and book profits, BANANAS31 may struggle to maintain its gains. A drop below the support level of $0.0157 could lead to a decline toward $0.0120, invalidating the bullish outlook. This would signal a reversal in market sentiment, erasing recent price progress.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00