Crypto Market Weekly Overview

The crypto market had a volatile week ending on a negative note, prominently influenced by Bitcoin. Altcoins mirrored this trend, experiencing significant losses, particularly among meme coins, some nearing all-time lows.

BeInCrypto has analyzed three meme coins, illustrating the varying intensities of this market dip:

Brett (BRETT)

BRETT’s price saw a 9% increase over the past week but lost those gains on Friday due to major corrections, trading at $0.0379, below its local resistance of $0.0429.

The meme coin struggles against bearish market conditions, making upward movement challenging. However, persistent interest could lead to a rise through resistance. A major target for BRETT is to break above $0.0478, potentially pushing it over $0.0500 if successful. Should it fail to surpass $0.0429, a drop to $0.0372 is possible, invalidating the bullish outlook and risking a fall to $0.0348.

BRETT Price Analysis. Source: TradingView

Goatseus Maximus (GOAT)

GOAT has faced a consistent downtrend since the year’s start, currently priced at $0.0634, losing nearly all prior gains. With a 37% decline in the past week, it trades just above its all-time low (ATL) of $0.0601. If market conditions remain adverse, GOAT may drop below $0.0600, marking a new ATL.

However, a shift in market sentiment could prompt recovery, targeting $0.1104 to invalidate the bearish outlook.

GOAT Price Analysis. Source: TradingView

OFFICIAL TRUMP (TRUMP)

TRUMP reached a high of $13.11 this week but fell to $12.28 on Friday, managing to stay above the crucial support level of $12.10, indicating stabilization amidst market volatility.

This support level is critical for price movements. TRUMP has struggled to maintain momentum after hitting an intra-week high of $17.14. Looking ahead, it is likely to consolidate between these key levels of $17.14 and $12.41. Falling below $12.41 could lead to a decline towards its ATL of $11.07, extending losses from the current downtrend.

TRUMP Price Analysis. Source: TradingView