3 notable memecoins in the second week of July

As we enter the second week of July, the negative sentiment from Q2 seems to be quickly fading. Memecoins are increasingly drawing attention, with many new projects emerging in the market.

The article will analyze 3 memecoins that are drawing attention from investors, showing the potential for market changes.

Hosico Cat (HOSICO)

Hosico Cat (HOSICO) has shown impressive growth since the end of June, currently trading at $0.057. Over the past week, this memecoin increased by up to 100%, signaling strong growth potential. This price volatility indicates that market momentum is strong and investor interest is rising.

In the current rally, HOSICO has set a new all-time high (ATH) at $0.077. The upward trend seems likely to continue, with the potential to establish more new ATHs. If the momentum persists, HOSICO could record additional price jumps, drawing attention from more investors.

Analysis of HOSICO price | Source: TradingViewHowever, if selling pressure increases, the bullish outlook for HOSICO may be invalidated. A drop in price below the support level of $0.0619 signals a pullback, pushing towards $0.0486. Such a corrective move would indicate a change in market sentiment.

Useless (USELESS)

USELESS is recording a strong upward trend, with an increase of nearly 35% over the week. Currently, the price is being traded at $0.266, following a similar trend as many other memecoins. This upward trend indicates significant interest from investors and suggests the possibility of more positive price volatility in the coming weeks.

USELESS has established a strong support level at $0.25, building a solid foundation for growth. The Chaikin Money Flow (CMF) indicator shows a strong inflow of money, reinforcing the upward trend of this altcoin. If the positive trend continues, USELESS may surpass its ATH of $0.309 and establish a new ATH at $0.4.

Analysis of USELESS price | Source: TradingViewHowever, if investors choose to take profits, USELESS may face a deep correction. A drop in price below the support level of $0.25 could pull this altcoin down to $0.182, invalidating the current bullish thesis. This would indicate a change in market sentiment and could lead to a downtrend.

Osaka Protocol (OSAK)

Osaka Protocol (OSAK) has increased by 12% this week, recovering significantly after a difficult June. Currently, this memecoin is trading at $0.0000000795 and is drawing attention from investors thanks to the recent upward momentum. This increase indicates potential for further growth if the current trend is maintained, with OSAK's goal being to reach higher levels.

The next target of OSAK is to surpass the resistance level of 0.0000000866 dollars and move towards the milestone of 0.0000000965 dollars. The Parabolic SAR indicator is below the price candles acting as support, signaling that the uptrend is still in play. This positive signal indicates the potential for further upward movement if market conditions remain favorable.

Analysis of OSAK price | Source: TradingViewHowever, if the overall market experiences negative fluctuations, OSAK may face strong selling pressure. A drop in price below the support level of 0.000000075 dollars will be a signal indicating the risk of a reversal, pushing this altcoin down to the level of 0.00000006 dollars. Such a scenario would invalidate the current bullish outlook, indicating the possibility of OSAK entering a correction phase.

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