Meme coins are struggling to make gains as market investors show caution. Despite this, Coq Inu has managed to defy the bearish trend and post profits.
BeInCrypto has evaluated two other meme coins that show positive signals for investors to monitor.
OFFICIAL TRUMP (TRUMP)
TRUMP's price remains stable, yet to see a surge. An upcoming TRUMP dinner on May 22, where top holders will dine with the US President, could spark interest in the coin. A boost in attention and demand might propel TRUMP above resistance levels at $13.36 and $14.53, initiating an upward trend.
SPX6900 (SPX)
SPX's price demonstrates bullish indicators, supported by market optimism. The Relative Strength Index (RSI) is above 50.0, suggesting increasing momentum and a potential uptrend. Breaching resistance levels at $0.73 and $0.81 could drive SPX towards $0.91, attracting more investors to the coin.
Small Cap Corner – Coq Inu (COQ)
COQ has shown the strongest performance, rising by 13% and accumulating a 25% increase in the last two days. Currently priced at $0.000000934, COQ is challenging the critical $0.000000935 resistance level. A successful breakthrough could push COQ towards $0.000001046, validating its recovery trend and growth potential. Profit-taking may lead to a decline, with a failure to sustain above $0.000000935 causing a drop to $0.678 and impacting its short-term performance.