The Rise of Meme Tokens: Analysis of Dog Coins, Chaigou, and Floki

BitcoinPositive news from the cryptocurrency market has led to a surge in meme tokens following the counterfeit currency market. According to data from Coinsecko, a cryptocurrency pricing platform, the market value of meme tokens inspired by meme culture has increased by 15% in the past 7 days, reaching a total market value of over $16 billion

BitcoinPositive news from the cryptocurrency market has led to a surge in meme tokens following the counterfeit currency market. According to data from Coinsecko, a cryptocurrency pricing platform, the market value of meme tokens inspired by meme culture has increased by 15% in the past 7 days, reaching a total market value of over $16 billion. So what happened to the three memetic markers that Turks pay special attention to? Let's take a closer look.

Analysis of Dog Coin Chart

Dog coins are associated with Elon MuskThe most valuable meme token project related to it has attracted people's attention due to its wedge-shaped structure on the daily chart. From the perspective of its structure since April, DOGE has recently been refused to break through the resistance line and is currently declining. The battle at the 200EMA level will determine the direction of this breakthrough.

The support levels that DOGE should follow are: $0.06719, $0.06449, and $0.06163. Especially if the daily closing price is below $0.06719, the bullish situation may be temporarily put on hold. The resistance levels to be monitored by DOGE are $0.06999, $0.07260, and $0.07720, respectively.

Chaigou Chart Analysis

The high wave motion on the two hour chart only leads to the formation of structures on the resistance line, SHIBThe situation is good in the short term as it is above many averages.

The support levels that SHIB should follow are: $0.00000793, $0.00000773, and $0.00000757. Especially if the closing price of the two hour bar is below the $0.00000773 level, it may cause the support line to break and cause the price to fall. The resistance levels that SHIB needs to pay attention to are: $0.00000813, $0.00000825, and $0.00000837.

Floki Chart Analysis

The meme token that attracted everyone's attention this week due to its rise isFLOKI. FLOKI has achieved significant upward momentum through the team's agreement to incentivize investors to participate in equity agreements. On the two hour chart, only two touches were made on the considered support line. The positive news has increased volatility with the rapid rise in prices.

The support levels that FLOKI should follow are: $0.00003391, $0.00003057, and $0.00002909. Especially if the closing price is below the $0.00003057 level, it may lead to a break in the support line. The resistance levels that FLOKI needs to pay attention to are: $0.00003658, $0.00003828, and $0.00004023.


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