Dogecoin Leads GIGA’s 22% Rise

The meme coin market is riding high, up 8.4% in the last 24 hours, with the collective value reaching $85 billion. As Dogecoin leads the charge, other meme coins are also seeing significant rallies, benefiting from the broader market’s positive momentum.

Thus, BeInCrypto has analyzed three meme coins for investors to watch in the coming hours and which direction they could be heading into.

Dogecoin (DOGE)

• Launch Date – December 2013
• Total Circulating Supply – 150.13 Billion DOGE
• Maximum Supply – Infinite
• Fully Diluted Valuation (FDV) – $35.73 Billion
• Contract Address – 0xba2ae424d960c26247dd6c32edc70b295c744c43

Dogecoin, the leader of meme coins, surged 12% over the last 24 hours, reaching $0.239. This rally has positively impacted other meme tokens, showcasing DOGE’s influence within the market.

Currently facing resistance at $0.245, Dogecoin has reached a 2-month high. The Parabolic SAR below the candlesticks signals that DOGE is likely to maintain its upward trend in the coming days. If this support holds, the meme coin could continue pushing towards higher price levels, attracting more buyers and momentum.

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However, meme coins are volatile. If DOGE holders decide to cash out their profits, the price could drop back down to $0.220. Losing this support would invalidate the bullish outlook, signaling a possible downturn for the altcoin in the short term.

Gigachad (GIGA)

• Launch Date – March 2024
• Total Circulating Supply – 9.60 Billion GIGA
• Maximum Supply – 10 Billion GIGA
• Fully Diluted Valuation (FDV) – $223.26 Million
• Contract Address – 63LfDmNb3MQ8mw9MtZ2To9bEA2M71kZUUGq5tiJxcqj9

GIGA price surged 22.3% over the last 24 hours, reaching $0.024, making it one of the top-performing meme coins today. The altcoin is now targeting the $0.025 resistance level, with momentum building for a potential breakthrough. The strong rise signals further bullish potential in the short term.

Investor inflows continue to support GIGA, as the CMF approaches the zero line. This suggests that inflows outweigh outflows, which is a positive sign for Altcoin’s future growth. If the trend persists, GIGA could rise further, possibly reaching $0.029, marking its highest value in the past month.

However, if investors decide to lock in their gains, the altcoin may experience a pullback. Selling pressure could send GIGA to test the support at $0.022. A failure to hold this level could result in a deeper decline to $0.019, invalidating the bullish outlook.

Small Cap Corner – Coq Inu (COQ)

• Launch Date – December 2023
• Total Circulating Supply – 69.42 Trillion COQ
• Maximum Supply – 69.42 Trillion COQ
• Fully Diluted Valuation (FDV) – $45.06 Million
• Contract Address – 0x420fca0121dc28039145009570975747295f2329

COQ experienced a 7% rally in the last 24 hours, riding the momentum of larger meme coins. Despite this recent rise, it is still struggling to recover the losses incurred in June. The meme coin’s potential for growth hinges on breaking key resistance levels and sustaining positive momentum.

For COQ to continue its upward trajectory, it must breach the resistance level at $0.0000006862. Currently trading at $0.0000006482, the altcoin shows signs of an uptrend, supported by the Parabolic SAR indicator, which is positioned below the candlesticks, suggesting that the bullish momentum could extend further in the near term.

However, unforeseen bearish market conditions could halt COQ’s progress. A sharp decline could see COQ drop to $0.0000005841, erasing the recent gains. If the altcoin fails to hold key support levels, the bullish outlook will be invalidated, and the downtrend could intensify.