What Memcoin to take a closer look in July

Memecoirs in this month showed different results: some achieved success, others fell to minimums.

Three memcoids were analyzed – Useless, Pengu and Pepe – and found out why these tokens deserve the attention of traders and investors.

Useless (Useless)

Useless headed the memcoirs market in June, increasing by 1,635% and installing new maximums almost every day. At the time of writing this analysis, Altcoin reached $ 0.209.

Despite the significant growth, Useless does not show signs of fatigue or sale pressure. The Parabolic SAR indicator indicates a possible continuation of the rising trend. This gives token a chance to reach $ 0.450 in July, which will attract the attention of investors.

However, as with other memorials, an unexpected sale can change the trend. If investors decide to fix the profit, Useless can fall to $ 0.066, which will cancel the bull forecast and nullify the successes achieved.

PUDGY PENGUINS (PENGU)

Pengu began June with difficulties, but in the last week gained popularity. Memboin grew by 62.6%, reaching $ 0.0137, which became a two -month maximum. This leap shows that altcoin is ready to recover and attract the attention of investors, despite the previous problems.

The main advantage of PENGU is its strong correlation with bitcoin at 0.70. If the BTC continues to grow, then Memcoin will be able to benefit from this trend. So Pengu will get a chance to overcome resistance at $ 0.0151 and reach $ 0.0180 in the coming days.

However, Pengu is also affected by whales, more than 47.72% of which own more than $ 10 in PENGU. These investors can significantly affect the price if they decide to sell. If a massive profit fixation begins, Pengu risks falling below $ 0.0129, reaching a support level of $ 0.0100.

PEPE (PEPE)

PEPE has fallen by 15% since the beginning of June, becoming one of the worst memcoirs of the past month. Nevertheless, the key participant of Pepe’s Dog (Zeus) John Jagged Airik in an interview with Beincrypto suggested that Memcoirs based on Ethereum could grow in July.

The MACD indicator shows the first bull cross in a month – this is a signal that the PEPE trend can turn around, which will help token recover after recent losses and reach a resistance level of $ 0.00001216. The breakthrough above this mark will indicate further growth in the coming weeks.

However, if the bull impulse is not implemented, PEPE can continue to fall. If altcoin drops below $ 0.00000917 and $ 0.00000839, the bear trend risks intensifying. In this case, the bull forecast will be canceled, and the price of PEPE will remain under pressure.

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