Market-Leaders $DOGE, $SHIB, and $PEPE Continue to Surge, While Some Traders Think Smog Token ($SMOG) Could Be Next to Explode
The leaders of the meme coin market are seeing significant surges this week, with many breaking their all-time high prices in majestic price hikes.
Meme coin giants like $DOGE, $SHIB, and $PEPE are leading the move, with lower-ranked market-cap meme coins also seeing impressive growth.
In addition, traders are backing the newly emerging Solana-based airdrop Smog Token ($SMOG) as they believe it’s the next token to explode.
Market-Leaders $DOGE and $SHIB See Immense Growth This Week.
Market leaders $DOGE and $SHIB are seeing immense growth this week as they break out and start their journeys back to their respective all-time high prices.
$DOGE is up by an impressive 100% this week, currently trading at $0.18. The cryptocurrency had been trapped below $0.10 for over eight months before its breakout last week.
Following the breakout, $DOGE climbed as high as $0.2 before rolling over today.
Looking ahead, the first levels of support lie at $0.177, $0.17, and $0.16 (November 2022 highs). Beneath this, added support lies at $0.1445 (.5 Fib) and $0.13 (.618 Fib).
On the other side, resistance lies at $0.2. This is followed by $0.214 (Jan 2022 highs), $0.22, and $0.231 (1.618 Fib Extension).
Shiba Inu saw an outstanding 275% surge throughout the week and is currently trading at $0.0000393. The cryptocurrency had been trapped below $0.00001 for around a year before last week’s breakout.
It has since surged as high as $0.000045 today but has pulled back slightly.
Looking ahead, resistance first lies at $0.000045. This is followed by resistance at $0.0000477 (1.414 Fib Extension), $0.00005, $0.000063 (1.618 Fib Extension), and $0.00006.
On the other side, support lies at $0.000035 (Feb 2022 highs), $0.000028 (April 2022 high), and $0.0000232 (.618 Fib).
$PEPE Steals The Show With 245% Pump
Meme coin sensation $PEPE stole the show this week with a 245% pump, catapulting it into the top 50-ranked projects as it reached a $4 billion market value.
The cryptocurrency surged as high as $0.000009 earlier today but has since dropped to $0.00000729.
Looking ahead, if the buyers reclaim resistance at $0.000008 and push above $0.000009, resistance lies at $0.00001. This is followed by $0.0000105 (1.414 Fib Extension), $0.0000116 (1.618 Fib Extension), and $0.000013.
On the other side, support lies at $0.00000655, $0.0000058, and $0.000005.
Is Smog Token ($SMOG) Next To Reach $1 Billion Market Cap Value?
While the meme coin giants explode, traders are turning their attention to newly emerging projects capable of delivering much higher gains than the market leaders.
Smog Token is bringing the biggest airdrop spectacle to the Solana network, allowing all $SMOG holders to accumulate airdrop points to be eligible to participate.
The project also offers a fantastic Zealy campaign that allows users to accumulate more airdrop points by completing specific actions, such as following Smog on X.com or joining the Telegram group.
The Zealy campaign has seen colossal attention, with over 600,000 quests already completed – demonstrating the building anticipation behind the incoming airdrop.
Furthermore, Smog Token is also a multi-chain meme coin after launching on Ethereum through Wormhole, allowing holders on both tokens to start accumulating.
Smog Token Reaches $0.122 – Where Are the Next Targets?
Smog Token ($SMOG) has been on its own surge this week, setting a new all-time high price at $0.1229 after climbing by an impressive 160%.
The project now holds an $85 million market cap value, with experts predicting another surge from here before climbing further to hit $1 billion.
The cryptocurrency surged from below $0.05 at the start of last week to reach the resistance at $0.1229, provided by a 1.414 Fib Extension;
Looking ahead, if the bulls can break the $0.1229 resistance, higher resistance lies at $0.137 (1.618 Fib Extension). This is followed by $0.15, $0.16, and $0.167.
On the other side, support lies at $0.1, $0.093 (.382 Fib), $0.847 (.5 Fib), and $ 0.075 (.618 Fib).
The token can be purchased on the project’s website using $ETH, $USDT, or a credit/debit card. It can also be bought on Jupiter DEX using $SOL.
Visit SMOG Website
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