The past week has been less than bullish for the meme coins as the collective value of all tokens fell by 17%. At the moment, meme coins are worth $61.3 billion, with many tokens noting sharp corrections.
However, BeInCrypto has identified three meme coins for the investors to watch as they move opposite to the broader market cues.
Zerebro (ZEREBRO)
ZEREBRO has become the week’s standout meme coin, soaring 166% and capturing investor attention across the market. The altcoin is currently trading at $0.0485, reflecting strong bullish sentiment despite broader market volatility.
With the 50-day exponential moving average (EMA) now acting as solid support, ZEREBRO appears poised for continued growth. A successful break above the $0.055 resistance could flip the 200-day EMA into support, signaling a macro bullish shift that may drive the coin toward the $0.070 mark.
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However, if investors begin taking profits, ZEREBRO could face downward pressure. A drop below the $0.042 support might push the price to $0.031 or even $0.024. This would effectively negate the current bullish outlook and signal a potential short-term correction.
Nobody Sausage (NOBODY)
NOBODY’s price has surged 30.6% in the past 24 hours, currently trading at $0.0601. The altcoin sits just below the crucial $0.0628 resistance, signaling a potential breakout if bullish momentum continues to strengthen.
Technical indicators, particularly the Ichimoku Cloud, show strong bullish momentum for NOBODY. If this momentum sustains, the coin could successfully break through the $0.0628 resistance level and climb toward $0.0700, marking a significant step in its short-term upward trajectory.
However, if market sentiment weakens and buying pressure fades, NOBODY could face a correction. A decline below $0.0563 support would signal potential weakness, pushing the altcoin into a bearish phase and fully invalidating the current bullish outlook.
Buildon (B)
Another one of the meme coins to watch is BUILDon, the price of which is trading at $0.235, positioned just below the crucial $0.245 resistance level. The meme coin has surged 34.6% in the past 24 hours, reflecting renewed investor confidence and signaling strong potential for continued upward momentum in the short term.
The meme coin has already recovered most of its losses from the Friday market crash and now awaits a decisive breakout above $0.245. A successful breach of this level could trigger a rally toward $0.293. This would further solidify BUILDon’s bullish trajectory and attract fresh buying interest.
However, if investors begin taking profits and selling their holdings, BUILDon could face downward pressure. A decline toward the $0.200 support would signal weakening sentiment. Losing this critical level could completely invalidate the bullish outlook for the meme coin.
The post 3 Meme Coins To Watch In The Third Week Of October appeared first on BeInCrypto.