Date: Thu, Oct 17, 2024, 02:53 AM GMT
The cryptocurrency market is shining with excitement as Bitcoin (BTC) rallies above $67,000 this week. This positive momentum has also spilled over into the memecoin sector, where two popular tokens, Bonk (BONK) and Mog Coin (MOG), have made impressive gains. Over the last seven days, BONK has risen by 19%, while MOG has surged by an astounding 37%.
Bonk (BONK)
Bonk, the second-highest market cap memecoin on the Solana network, is gaining traction thanks to the popularity of dog-themed tokens like Dogecoin, Shiba Inu, and Dogwifhat. In the last 30 days, BONK has seen a remarkable increase of 47%.
As of now, BONK is trading at $0.00002422. It recently broke free from a downtrend at $0.0000276, leading to a surge in buying interest. The next key resistance level to watch is $0.00002611, which is about 7% above its current price. If BONK manages to break through this level, it could climb even higher, potentially reaching $0.00003149, a gain of 30%.
Mog Coin (MOG)
On the other side of the memecoins battle, Mog Coin (MOG), a cat-themed token on the Ethereum network, is also making headlines with a staggering 110% increase over the last 30 days.
Currently, MOG is trading at $0.000001981 but is facing resistance at $0.000002193. If buying pressure continues and MOG breaks through this level, it could advance to the next resistance level at $0.000002456, representing a potential increase of 23%.
Which One Will Lead Higher?
Both BONK and MOG appear poised for further upward movement, and breakout confirmation from their next resistance levels will lead them to record even more gains ahead. As the market started to ove upside, it will be interesting to see which of these two memecoins can maintain its momentum and climb higher.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
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