Coq Inu Rises 25% To Recover Losses, Next In Line: TRUMP, SPX | Meme Coins To Watch Today

Meme coins are finding it difficult to note gains at the moment as the crypto market investors are cautious. Nevertheless, Coq Inu managed to push through the bearishness and post gains.

BeInCrypto has analysed two other meme coins for the investors to watch as they exhibit bullish signals.

OFFICIAL TRUMP (TRUMP)

• Launch Date – January 2025
• Total Circulating Supply – 199.99 Million TRUMP
• Maximum Supply – 1 Billion TRUMP
• Fully Diluted Valuation (FDV) – $13.16 Billion
• Contract Address – 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN

TRUMP’s price is still holding steady, yet to experience a rally. The upcoming TRUMP dinner, scheduled for May 22, where 220 top holders will join the US President, could serve as a catalyst for the meme coin.

The dinner with major holders is expected to bring TRUMP into the spotlight. A surge in attention and demand may lead to a significant price spike, potentially pushing TRUMP past the resistance of $13.36 and $14.53. This would mark the beginning of an upward trajectory for the coin.

TRUMP Price Analysis. Source:  TradingView

However, if the breakout fails to materialize, TRUMP could continue consolidating above the $12.18 support level. The Ichimoku Cloud below the candlesticks suggests that significant losses are unlikely, implying that TRUMP might maintain stability. Keep an eye on these key levels.

SPX6900 (SPX)

• Launch Date – March 2024
• Total Circulating Supply – 930.99 Million SPX
• Maximum Supply – 1 Billion SPX
• Fully Diluted Valuation (FDV) – $679.54 Million
• Contract Address – 0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c

SPX price is showing bullish signs, supported by positive cues from the broader market. The Relative Strength Index (RSI) is currently above the neutral 50.0 mark, indicating that momentum is on the rise. This is a positive signal for investors looking for upward movement in SPX.

The current market momentum suggests that SPX is poised for an uptick. A successful breach of key resistance levels at $0.73 and $0.81 could lead the coin towards $0.91. If the altcoin maintains this momentum, it may continue its rise, attracting more investors to the token.

SPX Price Analysis. Source:  TradingView

However, if SPX fails to breach $0.73, it could face a reversal, leading to a drop back to $0.59. This would invalidate the bullish outlook and could result in significant losses for investors. Market conditions remain crucial for the coin’s price movement.

Small Cap Corner – Coq Inu (COQ)

• Launch Date – December 2023
• Total Circulating Supply – 69.42 Trillion COQ
• Maximum Supply – 69.42 Trillion COQ
• Fully Diluted Valuation (FDV) – $64.97 Million
• Contract Address – 0x420fca0121dc28039145009570975747295f2329

COQ emerged as the best-performing token of the day, rising by 13%. The meme coin has now increased by 25% over the past two days. Currently trading at $0.000000934, COQ is testing the crucial resistance at $0.000000935, with a potential breakout to higher levels if it maintains momentum.

A successful breach of the $0.000000935 resistance would enable COQ to push further, aiming for $0.000001046. This breakout would confirm the ongoing recovery trend, fueled by strong support from its holders. According to Ava Scan, the number of COQ holders has risen to 102,000, reinforcing its growth potential.

COQ Price Analysis. Source:  TradingView

However, if profit-taking begins, COQ’s price could face a significant decline. A failure to sustain above the $0.000000935 level could result in a drop to $0.678. This would invalidate the bullish outlook and potentially cause a reversal, affecting the token’s short-term performance.