"SPX, POPCAT Soar; TRUMP Struggles in Meme Coin Rally"

This Week in Meme Coins: SPX, POPCAT Rally Double-Digits While TRUMP Attempts Recovery

Meme coins experienced a mixed week, with some posting gains while others struggled. The overall market sentiment, however, remains optimistic as Bitcoin holds steady above the $97,000 mark. This week, we analyze three meme coins leading the charge and another poised for a rapid recovery.

SPX6900 (SPX)

SPX price surged by 28% this week, driven by improving market conditions. This upward movement helped the meme coin recover from a sharp 54% decline in the previous week. The rebound signals a potential for continued growth, provided that the momentum can be maintained in the coming days.

Currently trading at $0.80, SPX is working to secure the $0.75 support floor. If successful, this would pave the way for a rise toward $0.91. A breach of this resistance would further confirm the uptrend and provide a solid foundation for the meme coin to aim for the $1.00 mark.

However, if SPX fails to breach $0.91, it may face a period of consolidation above the $0.75 support level. This could lead to a delay in recovery, potentially invalidating the bullish outlook. Without additional market support, further upward momentum might not be sustainable.

Popcat (POPCAT)

POPCAT price surged by 73%, trading at $0.35 as of the latest update. Emerging as one of the best-performing meme coins, POPCAT has managed to recover nearly half of the 71% decline observed between January and February, showing potential for further growth as momentum builds.

Currently trading at $0.35, POPCAT faces resistance at the $0.37 level. If the altcoin manages to flip this barrier into support, it will secure its recent gains and help fuel further upward momentum. Successfully breaching $0.37 would pave the way for continued growth and higher price targets.

If, however, POPCAT fails to breach the $0.37 resistance, it could experience a pullback. In such