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The meme coin market performed well at the beginning of the month before crashing sharply, now standing at $67.4 billion. Some altcoins came out on top, and they are still exhibiting potential for further gains.
BeInCrypto has analysed three such meme coins that investors should watch as Q3 begins.
Pump.fun ($PUMP)
$PUMP has emerged as one of the best-performing cryptocurrencies this month, recording a 66.8% surge since the start of the month. At the time of writing, the altcoin trades at $0.0056, holding investor attention with steady momentum.
Although not a native meme coin, $PUMP is closely linked to the category through Pump.fun, a major meme coin launchpad. With thousands of meme coins emerging there, $PUMP is strongly shaped by meme tokens, fueling its recent surge despite market volatility.
The token even formed a new all-time high (ATH) at $0.0090 during its recent rally. For $PUMP to retest this level, it must breach $0.0077 or higher. The Chaikin Money Flow (CMF) indicator shows an incline above zero, signaling rising inflows that could strengthen the bullish outlook for $PUMP.
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$PUMP Price Analysis. ">
However, if bearish sentiment across the broader crypto market intensifies, $PUMP could face downside pressure. The meme coin may slip to $0.0047, and in a deeper correction, potentially decline further to $0.0041. Such a move would invalidate the bullish thesis.
Memecore (M)
M has quickly become one of the most promising meme coins in the market, soaring 243% within a month. At the time of writing, the altcoin trades at $2.33, holding strong momentum despite recent volatility across the broader cryptocurrency market.
The challenge for M lies in sustaining this rally, with the token currently standing 28% away from its all-time high of $2.99. A successful flip of $2.61 into support could fuel renewed demand, supported by positive market cues, pushing Memecore closer to reclaiming its record price levels.
If M fails to maintain bullish momentum, the price could break below the $2.17 support level. This decline may drag the altcoin further down to $1.87, and in an extended bearish move, to $1.33, which would invalidate the bullish thesis and trigger significant investor caution.
HarryPotterObamaSonic10Inu (BITCOIN / HPOS10)
Another one of the meme coins to watch is HarryPotterObamaSonic10Inu,which emerged as a surprising wild card, recording a sharp surge toward the end of the month. The meme coin has gained 44% since the start of the month, attracting investor attention.
The meme coin trades at $0.114, sitting just below the $0.116 resistance. Exponential Moving Averages are inching closer to forming a Golden Cross, a key bullish signal. If momentum remains intact, HarryPotterObamaSonic10Inu could rally to $0.128 and potentially higher, securing further gains for holders betting on its rise.
If momentum weakens, however, HarryPotterObamaSonic10Inu may fail to sustain its rally. In such a case, the price could retreat toward $0.099, with a further slide to $0.090 possible. This decline would invalidate the bullish thesis.
The post 3 Meme Coins To Watch In The First Week Of October appeared first on BeInCrypto.