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BTC takes meme to the moon! DOGE, PEPE soar wildly, will GOAT also go to da moon?
In recent days, besides Bitcoin soaring, the meme coin market has completely exploded💥!
Bitcoin (BTC) has calmed down a bit after a surge of 9.2% over the past week, pulling back 2.6% from a local high of $1,058,000, but the meme coins have started their own party 🎉!
💰The market value of Meme coin soared by 27.8% in a week, which can be called a mini bull market.
Let's take a look at the data—
📅 On May 6th, the total market value of all meme coins is $52.7 billion.
📅 May 12th, soared directly to 73 billion USD!
What does this mean? In just 6 days, the total market capitalization of meme coins has increased by nearly 20.3 billion USD, a growth of 27.8%, it’s like it’s been launched into space 🚀!
🐶The three major meme coins are leading the charge, with PEPE skyrocketing by 76%!
Check the performance of these three "meme trinity" over the past week:
🐕🦺DOGE: Up 38%
🐕 Shiba Inu coin (SHIB): Up 28%
🐸PEPE (pepe): The strongest, directly To da moon 76%!
This wave is really fierce, even many "Buddhist-style observing" investors can't sit still anymore 📈.
🔍DOGE's trend is strong and stable, with bullish buying pushing the momentum!
On the 4-hour chart, DOGE successfully held the support level of $0.222, which is a very critical position and an important defense line mentioned in previous analysis.
Moreover, the buying pressure has been steadily entering the market, showing strong confidence in DOGE.
This trend not only benefits DOGE, but also makes the atmosphere of the entire meme coin circle more positive, like a chain reaction🔥.
🐐GOAT shitcoin has also surged! It skyrocketed 460% from its low, where will it fly to next?
You may not have heard of this "small-cap dark horse" — Goatseus Maximus (#GOAT), but its recent performance has been very impressive:
📉 Dropped to the bottom in early April: $0.035
📈 It has risen to a maximum of $0.198 now, directly skyrocketing by 460%!"
Successfully broke through the resistance level of 0.065 USD at the end of April.
After retesting the support at the beginning of May, it rebounded, and the trend looks very beautiful.
Moreover, the technical indicators look promising at the moment.
📈 OBV (On-Balance Volume) continues to rise: this indicates that more and more people are buying.
💹 RSI is 82: Although a bit overbought, it may fluctuate in the short term, but the overall trend remains strong.
📊GOAT short-term or consolidation, medium to long-term still has potential!
Currently, the price of GOAT is consolidating around the key support level of $0.198.
In the short term, it may consolidate around the $0.198~$0.2 area for a while 🌀.
But if we can hold this support, taking off again is not a dream.
⚠️ If it falls below this level, it may retrace to the "demand zone" of 0.144~0.174 USD, which is the area with more buy orders.
✅To summarize, key points that beginners can understand:
🔥 meme coin explosion, increased by over 20 billion USD in a week
🐶 DOGE, SHIB, and PEPE are making a collective push, with PEPE surging the most by 76%.
🐐 GOAT coin's performance is impressive, having increased more than 4 times since April!
⚠️ Be aware of short-term pullback risks, but the overall meme market still leans bullish.
Kind reminder: The content of this article is for information sharing only and does not promote or endorse any business or investment activities. All fans are requested to strictly abide by the laws and regulations of their respective regions and not to engage in any illegal financial activities. No trading access or guidance for any virtual currency, digital collectibles related issuance, trading, and financing, or issuance channel guidance is provided.
#BTC#