Meme Coins to Watch This Week: SUNDOG, POPCAT, PEPE Updates

The meme coin sector exhibits signs of revitalization, reflecting trends in the larger cryptocurrency market.

SUNDOG, a coin based on the Tron network, has emerged as a key player to watch this week, surpassing leading meme assets like PEPE.

SUNDOG (SUNDOG)

SUNDOG’s price has skyrocketed by 66% in the past week and is currently valued at $0.34. During this surge, it reached a new all-time peak of $0.378, which could potentially be exceeded if the bullish trend persists through the weekend.

This optimism is bolstered by enhancing market conditions, with SUNDOG possessing both low volatility and minimal selling pressure as a low-cap cryptocurrency. Nevertheless, if selling pressure escalates, the likelihood of achieving a new all-time high could decrease.

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Should selling pressure increase, SUNDOG could potentially drop to $0.27, and any further decline below this threshold would negate the bullish outlook, possibly driving the price down to $0.203.

Popcat (POPCAT)

POPCAT demonstrated solid performance this week, although it didn’t quite match SUNDOG’s remarkable rise. The asset experienced a 48.7% increase after rebounding from its support level of $0.49, pushing its price up to $0.73, as it now targets the $0.75 milestone.

If it breaks through this resistance, POPCAT may aim for its all-time high of $1.00. Even if it doesn’t reach a new record, it’s likely to consolidate between $0.75 and the current resistance, a pattern it has historically followed.

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However, if POPCAT fails to breach the $0.75 level, a decline may occur. The coin would attempt to stabilize by testing $0.64 as its support. Falling below that would further diminish the bullish perspective, possibly taking it down to $0.49.

Pepe (PEPE)

As the third-largest meme coin globally, PEPE saw a 17% increase this week, which, while seemingly modest, stands out given the broader crypto market’s only slight movements. Investor sentiment remains optimistic as PEPE’s recent trend suggests potential for further gains.

During its recent upswing, PEPE successfully established the $0.00000780 level as a solid support point. Throughout August, the altcoin consolidated above this support, with the resistance situated at $0.00000904. This consolidation pattern is anticipated to continue into September, likely keeping PEPE trading within this narrow spectrum.

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While a drop below $0.00000780 seems unlikely, such a move would negate the bullish outlook for PEPE. A decline could weaken the coin’s upward momentum, bringing it down to the $0.00000633 level.