With the beginning of the second week of July, the bear mood of the second quarter quickly disappear. Memecoirs become more popular, and many new tokens appear on the market.
We talk about the three memecoons – Hosico, Useless and OSAK – which should be followed in the second week of July.
Hosico
It opens our list of Hosico Memcoin, which has shown steady growth since the end of June. At the time of writing this material, the token is traded at $ 0.0631. The growth over the past seven days amounted to 109%.
During this rally, Hosico reached a new historical maximum (ATH) at $ 0.0775. The bull trend will probably continue, and Hosico will receive a chance to update the record at higher levels.
However, if the sales pressure intensifies, the bull forecast for Hosico may not come true. The fall below the support level of $ 0.0619 is fraught with a deeper rollback of up to $ 0.0486, which will indicate a change in market mood.
Useless
Useless went up by almost 26% over the past week. At the time of publication, Memcoin costs $ 0.280. This growth shows the high interest of investors and hints to continue growth in the coming weeks.
Having fixed at a support level of $ 0.250, Useless is ready for further growth. The Chaikin Money Flow (CMF) indicator indicates strong tributaries that support the upward trend. If nothing changes, Useless get a chance to return to ATH by $ 0.309 or update a record at $ 0.400.
If investors begin to fix profit, Useless risks facing correction. The fall below $ 0.250 can reduce the price to $ 0.182, which will cancel the bull scenario and indicate a change of mood in the market.
Osak
OSAK grew by 50% per week, demonstrating significant recovery after a difficult June. At the time of writing, it costs $ 0.0000000997 and attracts the attention of investors thanks to a recent impulse. If the current bull trend does not unfold, the growth of memcoid will continue in the coming weeks.
The next goal for OSAK is to overcome the resistance at the level of $ 0.0000001090 and move to $ 0.0000001240. The parabolic SAR under the candles supports the upward trend. This indicator shows that Memcoin can continue growth if the market conditions remain favorable.
However, if a decline begins on the market, OSAK may encounter sales pressure. The fall below $ 0.00000965 signals a possible turn, reducing altcoin to $ 0.00000866. This will cancel the bull forecast and indicate a possible correction.
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Source: Cryptocurrency
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