3 Meme Coins That Surged While the Crypto Market Crashed
Market Downturn, Meme Coin Defiance
The past week has been a rough ride for the cryptocurrency market, and the meme coin sector was hit particularly hard. With a staggering 17% drop in total market value, bringing it down to $61.3 billion, most tokens are deep in the red. This widespread correction has left many investors searching for signs of life in a bearish landscape.
However, even in a sea of red, some assets defy the trend. A handful of meme coins have not only weathered the storm but have posted significant gains, capturing the attention of traders. These outliers demonstrate the unpredictable and dynamic nature of the crypto space. Here’s a closer look at three
1. Zerebro (ZEREBRO): The Week’s Top Performer
Zerebro has emerged as the undeniable star of the week, rocketing an incredible 166% against the market’s downward pull. Trading at approximately $0.0485, ZEREBRO has shown powerful bullish sentiment, making it a focal point for investors looking for momentum.
The technical chart offers a compelling story. The 50-day exponential moving average (EMA) is currently acting as a firm support level, suggesting a strong foundation for its recent gains. This technical strength indicates that ZEREBRO may have more room to run.
- Bullish Scenario: If ZEREBRO can successfully break through the next major resistance at $0.055, it could establish a long-term bullish trend. This move could potentially flip the 200-day EMA into a new support line, setting the stage for a push towards the $0.070 price target.
- Bearish Scenario: On the other hand, if early investors decide to take profits, selling pressure could mount. A drop below the $0.042 support level would be a warning sign, potentially leading to a deeper correction towards $0.031 or even $0.024, which would invalidate the current bullish outlook.
2. NOBODY: Building Strong Bullish Momentum
Next up is NOBODY, which carved out a respectable 30.6% gain while its peers were falling. Trading around $0.0601, the token is hovering just below a critical resistance point, teasing a potential breakout if the current momentum continues.
Technical indicators, especially the Ichimoku Cloud, are flashing strong bullish signals for NOBODY. This suggests that the underlying market structure is solid and could support further price appreciation.
- Bullish Scenario: The key test for NOBODY is the $0.0628 resistance level. A decisive break above this price could unleash a new wave of buying pressure, potentially driving the price up to the $0.0700 mark and confirming its short-term uptrend.
- Bearish Scenario: If market sentiment sours and buying interest wanes, NOBODY could face a correction. A fall below the $0.0563 support level would signal weakness, potentially erasing recent gains and flipping the outlook to bearish.
3. BUILDon: Recovering and Aiming Higher
BUILDon has also captured traders’ attention with a solid 34.6% surge, bringing its price to $0.235. After successfully recovering most of the losses from the recent market-wide crash, the coin is now positioned directly below its next major hurdle.
Investor confidence in BUILDon appears to be growing, as it challenges the key resistance level at $0.245. A successful breakout could signal the start of a more significant rally.
- Bullish Scenario: If BUILDon can gather enough momentum to push past the $0.245 resistance, the path could be clear for a surge towards $0.293. Such a move would solidify its bullish trend and likely attract a fresh wave of buyers.
- Bearish Scenario: As with any sharp rally, the risk of profit-taking is real. If selling pressure pushes BUILDon back down, the $0.200 support level will be the critical line of defense. A break below this level would nullify the bullish case and suggest a return to a bearish trend.
What Does This Mean for Investors?
The performance of Zerebro, NOBODY, and BUILDon serves as a powerful reminder that the crypto market is not monolithic. Even during a broad downturn, opportunities can arise in unexpected corners. These meme coins highlight the importance of monitoring individual asset strength rather than just following the overall market trend.
However, it’s crucial to remember the inherent volatility of meme coins. Their price movements are often driven by hype and speculation, making them high-risk, high-reward investments. Always conduct your own thorough research and consider the risks before investing in any digital asset, especially during uncertain market conditions.
