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Memes had a very difficult week, with the overall market showing neutral to bearish signals. While many symbols are still suffering losses, others are close to reversal.
Pinkrypto analyzed three meme coins that investors should keep an eye on as the end of January approaches.
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PONKE
Bunke ranked among the weakest coins this week after falling 21% to trade near $0.0474. Again meme value Above the $0.0454 support level, limiting further downside for now. The short-term price behavior reflects heavy selling, but the stability suggests that an immediate wave of capitulation has not occurred.
Despite the pullback, Bunke is still trading above its 50-day EMA. This level often indicates the strength of the short-term trend. Keeping the support above the indicator reduces the possibility of a deeper breakdown and keeps the possibility of a technical rebound alive.
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A recovery requires Bunke to claim the $0.0525 resistance level. Passing this barrier can push the price towards $0.0611, and make up for the recent losses. On the other hand, continued bearish sentiment could lead to a drop below $0.0454, exposing Bunkei to a drop towards $0.0402.
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POPCAT
Bobcat fell 18.4% last week, ranking it among the weakest Loan of meme coins. The symbol is currently trading above the $0.081 support level. Despite heavy selling, this area has limited further decline, which indicates short-term stability as traders assess whether the losses have come to an end.
Technical indicators indicate that the market may reach an oversold state. The Money Flow Index is close to the lower limit at 20.0, indicating fading selling pressure. Movement below this level is often preceded by rebound waves. If buyers intervene, the Bobcat could bounce back towards $0.089, with $0.100 needed to recoup recent losses.
The downside risk remains if market sentiment does not improve. Continued selling could push POPCAT below the $0.081 support. The decline will likely pull the price towards $0.077 or lower, invalidating the hypothesis Bullish reversal Increases negative momentum at low speed.
Mog Coin (MOG)
The price of MOG has fallen by 17.8% in the past week and is trading near $0.000000267 at the time of writing. On the contrary Other currency memesMOG shows limited signs of stability. The price and momentum structure suggest more downside risk rather than an imminent reversal in current market conditions.
Selling pressure continues to build, according to momentum indicators. The Money Flow Index stands at 37.1, well above the oversold threshold of 20.0 that often precedes rebounds. This indicates that the MOG price may continue to fall, break the $0.000000242 support, and slide towards the previously tested $0.000000206 level.
A change in general market sentiment can change expectations. If bullish conditions strengthen, MOG may settle above $0.000000242. The maintenance of this support could allow a rebound towards $0.000000317, invalidating the bearish thesis and indicating a renewed speculative interest in the MIM coin.
