3 Notable Memecoins This Week

The crypto market seems to be showing signs of a slight bounce back after last week's drop, with total market capitalization increasing by nearly 2% today. This recovery reflects the renewed interest of investors, especially in the memecoin sector.

When market sentiment improves, some memecoins attract attention this week. Among them, three standout tokens are: AURA, HOUSE, and SPX.

AURA

AURA, a cultural token built on the Solana blockchain, is one of the notable memecoins of the week. At the time of writing, this token is trading at $0.18, having increased over 20,000% in the past seven days.

Yesterday, this altcoin reached a historical peak of $0.23, then fell 25% and is currently trading around $0.18.

On the daily chart, the Relative Strength Index (RSI) of AURA is above the threshold of 70 — specifically at 82.67, indicating that the asset is in an overbought condition and may soon face a correction, due to signs of buying exhaustion.

The RSI indicator is a tool for measuring the level of overbought or oversold of an asset in the market, ranging from 0 to 100. A value above 70 indicates that the asset is overbought and at risk of falling. A value below 30 indicates that the asset is oversold and may bounce back.

With an RSI index of 82.67, AURA is assessed to be in the overbought zone and is likely to correct downwards. If this happens, the price could drop to $0.14.

AURA Price Chart | Source: TradingViewHowever, AURA can bounce back to its all-time high (ATH) and surpass that level if the uptrend continues.

HouseCoin (HOUSE)

HouseCoin (HOUSE) has increased by 39% in the past week and 32% in just the last 24 hours. This altcoin seems to be ready to extend its upward momentum, becoming one of the memecoins to watch this week.

The signals from the Aroon indicator of the token indicate that the current upward trend is very strong. At the time of writing, the Aroon Up Line of HOUSE is at 100%.

The Aroon indicator is a technical analysis tool used to determine the direction and strength of a trend by measuring the time since the price reached its most recent peak or trough. When Aroon Up reaches 100%, it indicates that the asset has just reached a recent peak in the observation period, which is usually the last 25 trading sessions.

This is a bullish signal for HOUSE, indicating a very strong upward trend and that the buyers are currently in control of the market. If this momentum continues, the price could rise to $0.051.

!()https://img.gateio.im/social/moments-62bd59744e8101ec32548723949ee0b9[memecoin]HOUSE price chart | Source: TradingViewHowever, if profit-taking activity returns, the price of HOUSE may fall to $0.026.

SPX6900 (SPX)

SPX6900 (SPX) is currently up 16% over the past 7 days, trading at $1.56 at the time of writing. In the past 24 hours, the trading volume of this token has increased by nearly 40%, reaching $91 million. The increase in volume reflects strong demand that is driving the price increase, while also indicating that the current upward momentum is supported by genuine market interest.

When the asset price rises along with the trading volume, it is a sign of a sustainable upward trend. The continued increase in trading volume of SPX confirms that more and more investors are participating in the market and are willing to trade at higher price levels, thereby reinforcing the upward trend.

If the trend continues, this altcoin could bounce back to its historical high of $1.8.

!()https://img.gateio.im/social/moments-bedf545eade85385523216c59c89f0e2[memecoin] SPX Price Chart | Source: TradingView On the other hand, if demand stagnates, the value of SPX could fall to $1.47.

Dinh Dinh