The meme coins have had a rough week to say the least, as the broader market exhibited neutral to bearish cues. While many tokens are still suffering losses, others are close to a reversal.
BeInCrypto has analysed three such meme coins that the investors should watch as January nears its end.
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Ponke (PONKE)
PONKE ranked among the weakest performers this week after sliding 21% to trade near $0.0474. The meme coin remains above the $0.0454 support level, limiting further downside for now. Short-term price action reflects heavy selling, but stabilization suggests immediate capitulation has not occurred.
Despite the decline, PONKE continues to hold above its 50-day exponential moving average. This level often signals short-term trend strength. Maintaining support above the EMA reduces the probability of a deeper breakdown and keeps the possibility of a technical rebound intact.
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A recovery would require PONKE to reclaim the $0.0525 resistance level. Clearing that barrier could drive the price toward $0.0611, offsetting recent losses. Conversely, sustained bearish sentiment could force a drop below $0.0454, exposing PONKE to a decline toward $0.0402.
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Popcat (POPCAT)
POPCAT dropped 18.4% over the past week, ranking among weaker meme coin performers. The token currently trades above the $0.081 support level. Despite heavy selling, this zone has limited further downside, suggesting short-term stabilization as traders assess whether losses are nearing exhaustion.
Technical indicators point to potential exhaustion. The Money Flow Index sits near the oversold threshold at 20.0, signaling fading selling pressure. A move below this level often precedes relief rallies. If buyers step in, POPCAT could rebound toward $0.089, with $0.100 needed to recover recent losses.
Downside risk remains if sentiment fails to improve. Continued selling could force POPCAT below the $0.081 support. A breakdown would likely drag the price toward $0.077 or lower, invalidating the bullish reversal thesis and reinforcing bearish momentum in the near term.
Mog Coin (MOG)
MOG price declined 17.8% over the past week and trades near $0.000000267 at the time of writing. Unlike other meme coins, MOG shows limited signs of stabilization. Price structure and momentum indicate further downside risk rather than an imminent reversal in current market conditions.
Selling pressure is still building, according to momentum indicators. The Money Flow Index stands at 37.1, well above the 20.0 oversold threshold that often precedes rebounds. This suggests the MOG price could continue falling, break $0.000000242 support, and slide toward the previously tested $0.000000206 level.
A shift in broader market sentiment could change the outlook. If bullish conditions strengthen, MOG may stabilize above $0.000000242. Holding that support could allow a rebound toward $0.000000317, invalidating the bearish thesis and signaling renewed speculative interest in the meme coin.
