- COQ and SNEK launched into main rallies within the final days of February 2024.
- Each meme cash broke a number of resistances to succeed in new milestones.
- That is the primary time the COQ and SNEK communities will expertise a bull cycle.
Coq Inu (COQ), a meme coin based mostly on the Avalanche blockchain, has launched into vital progress for the reason that final days of February 2024. The brand new cryptocurrency bounced off help round 0.0000014311 on February 24, beginning a rally and reaching new highs.
COQ has damaged a number of resistance ranges within the present rally, in keeping with knowledge from TradingView. It has additionally reached new milestones and gained the eye of the crypto neighborhood as one of many early breakout meme cash.
The Avalanche-based meme coin climbed above resistance ranges at $0.0000021885, $0.0000025520, $0.0000032336 and $0.0000039910. The present rally displays the basic meme coin rally conduct through the crypto market bull cycle.
With the present progress, COQ has gained 364% in lower than three weeks on the time of writing. COQ represents one of many early starters within the meme coin class forward of the anticipated altcoin season.
Cardano’s Snek (SNEK) advised the same trajectory with COQ. In the identical interval, across the finish of February, it began its rally and continued upwards. SNEK rebounded from vital help round $0.0008963 and broke above the resistance ranges at $0.0012314, $0.0015529, $0.0017992 and $0.0020454.
The brand new meme coin was buying and selling at $0.0022227 on the time of writing and has gained 154% of its authentic value for the reason that begin of the rally, in keeping with TradingView. Historic knowledge means that SNEK’s subsequent goal will probably be $0.0028498, the ATH that ended final December’s outstanding rally.
Each meme cash are comparatively new blockchain tokens that didn’t exist over the last bull run. The upcoming altcoin season would be the first time their communities expertise this occasion. This raises expectations that COQ and SNEK may very well be among the many vital performers on the prime of the creating bull cycle.
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