3 Meme Coins To Watch In The Fourth Week Of July
Meme coins are observing a strong start to the week with their collective value rising 9.5% to reach $90.5 billion. Some of these coins have posted sharp gains over the past week, and others look poised to do the same in the coming days.
BeInCrypto has analysed three meme coins for investors to watch and the direction in which they’ll be heading.
Pudgy Penguins (PENGU)
PENGU price has surged 31% in the past week, currently trading at $0.039. The meme coin is inching closer to its all-time high of $0.046.
Strong bullish sentiment and market participation are fueling this rally, signaling that PENGU could soon retest resistance levels if momentum remains intact.
The meme coin is now just 18.7% away from hitting its record high. A Golden Cross pattern formed last week adds to the bullish outlook. If PENGU successfully flips $0.040 into a stable support level, the rally could continue, pushing the altcoin higher toward reclaiming its historical peak.
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However, downside risks remain. If investors begin booking profits, selling pressure could drag PENGU lower. The critical support level of $0.029 will come into play.
Losing this support could halt the upward trend and invalidate the optimistic price projection in the near term.
Milady Cult Coin (CULT)
CULT is gradually gaining bullish momentum after a 53% surge over the past week, currently trading at $0.00106. This rally marks a potential breakout phase, with the meme coin now eyeing the critical resistance at $0.00110.
Sustained buying interest is supporting CULT’s climb toward a stronger market position.
Technical indicators are leaning bullish. The Parabolic SAR sits below the candlesticks, signaling an active uptrend. If CULT maintains this trajectory with backing from the broader crypto market, it will likely breach $0.00110.
This would set the stage for a further rise toward $0.00124, reinforcing the bullish sentiment surrounding the asset.
However, the risk of a reversal remains. Profit-taking by short-term investors could stall CULT’s rally. If selling pressure intensifies, the meme coin might lose momentum and fall to support at $0.00087.
A breach below this level could push CULT even lower to $0.00072, invalidating the current bullish outlook.
Osaka Protocol (OSAK)
OSAK emerged as one of the top-performing meme coins this week, soaring 81% in the last seven days. Currently trading at $0.0000002077, the altcoin has captured investor attention with strong momentum.
Its recent price surge reflects increasing demand and growing optimism among retail traders in the meme coin sector.
The Parabolic SAR indicator sits below the candlesticks, signaling a continuation of the bullish trend. A successful breach above $0.0000002101 could confirm further upside potential.
If this happens, OSAK could rally toward $0.0000002340, providing substantial returns and reinforcing bullish sentiment among investors looking for short-term gains.
However, if OSAK fails to break through the $0.0000002101 resistance or encounters bearish pressure, it may retreat. A drop to $0.0000001646 would nullify the current bullish thesis, signaling a trend reversal.
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