Memecoin autumn: Top 3 tokens promising strong growth this week

The past week has been seen as a breakout period for most memecoins, as the market capitalization of this group has increased by nearly 9%, reaching 76.58 billion USD. Amidst this optimistic backdrop, the following 3 tokens have had the most impressive "performances".

Ket (KET)

In the past week, the price of KET has surged by 170%, currently trading at 0.0038 USD. The Parabolic SAR indicator is below the candles, indicating that the uptrend is still being maintained. This implies that the bullish momentum could be sustained as investors watch the next move of this altcoin.

With this momentum, KET could completely advance to the resistance zone of 0.0043 USD. If it breaks through and turns this level into support, the door to higher growth will be opened. At that point, KET could even challenge the level of 0.0052 USD, reinforcing confidence in the current bullish trajectory.

KET Price Chart | Source: TradingViewHowever, the risk of taking profit still exists. If investors decide to realize profits, KET may retreat to the level of 0.0033 USD. In a worse scenario, the price will drop deeply to the support area of 0.0024 USD, wiping out recent gains and negating the bullish outlook for this altcoin.

Dogecoin (DOGE)

Another memecoin worth watching is Dogecoin. The price of DOGE is currently trading at 0.265 USD after losing the support level of 0.273 USD. Despite recording a slight adjustment, the "big brother" of the memecoin market is still sending out positive signals, indicating that a recovery could very well return. Investors are currently focused on the question: Can DOGE regain the lost territory and restart the upward trend?

The 50-day and 200-day EMA lines are diverging upwards, indicating an increasingly strong bullish momentum. This is a technical pattern that often appears before recovery phases. If the upward trend continues, DOGE may rise further and conquer the resistance level of 0.287 USD, thereby reinforcing investors' confidence in the short term.

DOGE Price Chart | Source: TradingViewHowever, risks still remain. If Dogecoin holders sell off simultaneously, the profit-taking pressure could weigh down the price, pushing DOGE to the support area of 0.241 USD. At that point, the bullish scenario will be invalidated, while also creating additional pressure for a deeper decline.

Memecore (M)

In the past 7 days, the price of Memecore (M) has increased by more than 44%, currently trading at 2.49 USD – just slightly lower than the historical peak of 2.61 USD. This memecoin continues to show strong upward momentum, as many investors hope for further advancements if market conditions remain positive.

The CMF indicator is showing that capital is continuously flowing into M, reflecting growing confidence from investors. If this capital flow is maintained, M could definitely surpass the 3.00 USD mark. Strong support from the buyers will be a key factor for the breakout, helping this coin expand its rally beyond the current resistance area.

Price chart M | Source: TradingViewHowever, the risk of correction has not disappeared. If profit-taking pressure increases sharply, the price of M could quickly fall to 1.87 USD, even 1.33 USD. Such a deep drop would erase recent gains and weaken the bullish outlook for this memecoin.

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