Coq Inu (COQ), a meme coin developed on the Avalanche blockchain, has seen a significant upturn in its market performance starting from the end of February 2024. Initiating its ascent from a support level of $0.0000014311 on February 24, COQ has surged through various resistance levels, marking it as one of the meme coins to watch during this early breakout phase.
TradingView data highlights COQ’s journey past resistance marks at $0.0000021885, $0.0000025520, $0.0000032336, and $0.0000039910, showcasing the dynamic nature of meme coin rallies within a bullish crypto market cycle.
This current surge has led COQ to amass a 364% gain in less than three weeks, positioning it at the forefront of the meme coin category as the market anticipates an altcoin season.
Similarly, Cardano’s Snek (SNEK) mirrors COQ’s rally, commencing its upward trajectory towards the end of February and advancing through significant resistance points. From its foundational support at $0.0008963, SNEK has climbed past $0.0012314, $0.0015529, $0.0017992, and $0.0020454.
As of now, SNEK trades at $0.0022227, recording a 154% increase from its value at the start of the rally, according to TradingView. Historical insights suggest that SNEK’s potential next milestone could be reaching its all-time high of $0.0028498, revisiting the peak of its notable rally in December last year.
Both COQ and SNEK are fresh entrants in the realm of blockchain tokens, having not participated in the previous bull run. The forthcoming altcoin season presents a new chapter for their communities, fueling anticipation for these meme coins to emerge as standout performers in the unfolding bull cycle.