The broader crypto market has continued its lackluster performance today, with many top assets slipping to multi-week lows.
As top coins hover near key support zones, meme tokens have also faced sharp corrections. However, amid this, some meme coins are drawing attention for their relative resilience and upside potential.
Useless Coin (USELESS)
Solana-based meme token USELESS is one to watch this week. The token currently trades at $0.102, up over 22% in the past seven days.
USELESS has bucked the broader market dip of the past few weeks and climbed to an all-time high of $0.119 on June 21. While it has since retraced slightly, readings from its daily chart suggest that bullish momentum remains in the market.
For example, USELESS’ Balance of Power (BoP) indicator, which measures the strength of buyers versus sellers in the market, is positive at 0.26.
When an asset’s BoP is positive, buyers dominate the market and are driving newer price gains. If the bulls remain in control, USELESS could reclaim its all-time high and climb above it.
On the other hand, a dip in buying pressure could trigger a price drop to $0.092.
Tutorial (TUT)
TUT is up 30% over the past week and 15% today. The meme coin is poised to extend these gains, making it one of the meme coins to watch this week.
On the daily chart, the token’s Aroon indicator confirms the strength of its current uptrend. At press time, TUT’s Aroon Up Line is at 100%.
The Aroon indicator is a technical analysis tool used to identify trend direction and strength by measuring the time elapsed since the most recent highs or lows. When the Aroon Up line is at 100%, the asset has reached a recent high within the lookback period, typically 25 periods. This is true of TUT, which currently exchanges hands at a three-month high of $0.042.
If this rally continues, the meme coin could break above $0.043 and climb to $0.05.
However, if profit-taking resurfaces, TUT’s price could fall to $0.039.
Banana For Scale (BANANAS31)
BANANAS31 has climbed 17%, and trades at $0.0079 at press time. It reached an all-time high of $0.0085 during Monday’s early Asian trading session.
Over the past 24 hours, the meme coin’s trading volume has surged nearly 66% to reach $78 million. This reflects the strong demand fueling the token’s price rally and suggests that the current upward momentum is supported by genuine market interest.
If this persists, the altcoin could reclaim its all-time high and break above it.
On the other hand, if demand stalls, BANANAS31’s value could drop to $0.0075.
Disclaimer
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