Meme Coins Defy the Downtun
While the broader meme coin market experienced a significant correction, with its collective value falling by 17% in the past week, a few tokens have defied the trend with impressive rallies. For traders and treasury desks navigating this volatility, three specific meme coins have captured attention by moving against the market current, presenting potential opportunities alongside well-known risks.
Zerebro’s Standout Surge
ZEREBRO emerged as the week’s most notable performer, skyrocketing 166% to trade at $0.0485. This surge has established the 50-day exponential moving average as a solid support level, suggesting a foundation for continued growth. Analysts note that a decisive break above the $0.055 resistance could signal a major bullish shift, potentially propelling the coin toward the $0.070 mark. However, this rapid growth also makes it vulnerable. If investors begin taking profits, a drop below the $0.042 support level could trigger a short-term correction toward $0.031, invalidating the current optimistic outlook.
Nobody and BUILDon: Chasing Breakouts
Following closely behind, NOBODY and BUILDon have also posted significant gains, each showcasing strong upward momentum but facing crucial technical tests. NOBODY’s price surged 30.6% in a single day, bringing it to $0.0601 and positioning it just below a critical resistance level at $0.0628. Technical indicators point to strong bullish momentum, and a clean break above this ceiling could quickly push the price toward $0.0700.
Similarly, BUILDon has seen a 34.6% jump, with its price now at $0.235 and challenging the $0.245 resistance. This level is a key line in the sand; a successful breach could trigger a rally toward $0.293, especially since the token has already recovered most of its losses from the recent market crash. For both coins, the failure to overcome these immediate hurdles could lead to a pullback, with BUILDon potentially retreating toward the $0.200 support level if selling pressure intensifies.
