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- 1 Pepe is the third-largest cryptocurrency in the meme coin market by market capitalization, behind Dogecoin and Shiba Inu.
- 2 Jesus Coin leads the meme sector today with a massive intraday rise of over 49%
- 3 Despite being down nearly 14% today, Turbo crypto enjoys a weekly gain of over 24%.
The broader crypto market is under strong selling pressure as the market leaders like Bitcoin and Ethereum have dropped over 3% intraday. The meme sector has also tumbled down over 7.62% intraday in tandem with the market corrections.
Despite the selling pressure in the meme sector as well as broader markets, Jesus coin and Turbo performed well last week and could to continue to ride a bullish wave this week.
Whereas, Pepe which is the third cryptocurrency by the market cap among memecoins, has buyers’ support at lower levels and may show a resurgence towards the higher levels. Let’s analyze the charts of each of these memecoins in detail and try to find the possible trajectory for this week.
Pepe (PEPE) Crypto
Pepe is the third largest meme crypto with a live market capitalization of $4.5 Billion. it has delivered an impressive 33.52% in the last three months and a massive 734.4% on a year to date basis.
The weekly PEPE/USD chart reveals that the crypto has been losing in the last four weeks, probably pulling back for a possible retest of the previous breakout zone. The recent sessions saw a stabilization near the recent support of $0.0000104, indicating a possible rebound from the support levels in the upcoming sessions.
Jesus Coin (JESUS)
JESUS Crypto has surged a massive 49.97% intraday to a 0.00000010. with a live market capitalization of $12.87 Million, it ranks 916th in the overall crypto market. Moreover, the volume to market capitalization is 8.78% indicating mild volatility in the crypto. Out of a total 156.5 Trillion JESUS tokens, over 151.43 Trillion tokens are currently under circulation.
The weekly chart reveals that JESUS token price surged nearly 95% last week, however it suffered rejection from the upper levels and managed to close the previous week at a 38% gain. Moreover, the intraday rise shows that the bulls were dominating since day 1 of this week and could drive the price higher.
Turbo (TURBO) Crypto
Turbo crypto holds an impressive performance in the previous months as the crypto has soared over 1129.6% in the last six months and over 1375% on a year to date basis. TURBO ranks 212th in the cryptoverse with a live market capitalization of $338.88.
The price action analysis shows that the Turbo crypto closed the previous week at an impressive 23.2% gain. The bulls are in control of the trend and might continue to drive the price higher this week towards the next $0.0070 supply zone.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
