While the wider cryptocurrency market shows unstable dynamics, many memcoirs were able to go against the general trend and show noticeable price growths.
Three Memcoin was analyzed – Osaka Protocol (OSAK), Troll (Troll) and Buildon (B) – and figured out what to wait this week.
Osaka Protocol (OSAK)
OSAK grew by 44% in the last week and at the time of writing this material is traded at $ 0.000000208. However, Memcoin is faced with a resistance of $ 0.000000210, which has been holding on for a month, interfering with further growth.
The exponential sliding medium (EMA) forms the “golden cross”, pointing to the bull trend. This may mean that OSAK will soon overcome resistance at $ 0.0000210 and will grow to $ 0.000000234. In this case, Memicin will receive a chance to achieve a multi -week maximum, attracting more investors.
If market conditions worsen, OSAK can continue consolidation. In this case, the price risks returning to $ 0.000000164, which will cancel the bull forecast.
Troll (troll)
Troll grew by 132% over the past week and at the time of publication is traded at $ 0.195. Memboin reached a new historical maximum (ATH) at the level of $ 0.250, demonstrating a strong bull impulse. If the interest in token is preserved, Troll will receive a chance to continue growth and achieve even higher prices.
The Parabolic SAR indicator, located below the candles, indicates the ascending trend, suggesting that the positive pulse of Troll may continue. This signal is able to push Troll above its ATH, opening the path to the new maximum of about $ 0,300.
However, if the mood of investors becomes bear, Troll risks encountering pressure on sale. The fall below the support level of $ 0.174 can lead to a further decrease – probably to $ 0.104. Such a movement will cancel the current bull forecast and can signal the correction of the market.
Buildon (b)
Buildon grew by 33% per week, including 13% over the past day. Recently, this memicin has reached a new historical maximum of $ 0.675, which emphasizes its strong market impulse. This breakthrough can lead to a further increase in prices if the bull trend continues.
Buildon is now trading above the $ 0.646 support level. If the price bounces from this mark, Memcoin can overcome its ATH and reach $ 0.700. This opens up opportunities for further growth if the market conditions remain favorable and investors will remain confidence.
However, if Buildon does not hold above $ 0.646, it may encounter pressure on a decrease. The fall below this support can lower the price of up to $ 0.572, which will negate a majority of recent success. This can cancel the bull forecast and signal the possible correction of the market.
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Source: Cryptocurrency
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