APU, NEIRO New ATHs, CAT Rallies 33%

The current week has been marked by strong bullishness for meme coins and other crypto tokens as major macro events have pushed Bitcoin to new all-time highs. This unexpected rally has led to impressive growth for several meme coins.

BeinCrypto analyzed three meme coins that outperformed expectations, delivering significant rallies and reaching all-time highs.

Auxiliary Power Unit (APU)

APU has gained significant momentum this week, with its price up 60% over the past seven days. This strong performance lifted Meme Coin to a new all-time high of $0.00129, marking it as one of the best performing tokens of the week.

Currently, APU is trying to maintain stability above the critical support level of $0.00098. Holding above this support will allow Memcoin to continue its upward trend, as long as investors take profits. A stable base at this level further reinforces the bullish outlook of the coin.

However, if APU holders choose to sell, the price could fall below the $0.00098 support level, potentially dropping to $0.00074. Such a decline disrupts the bullish momentum, leading to a correction and caution among investors looking at the meme coin for short-term gains.

First Nero on Ethereum (NEIRO)

NEIRO is up 58% in the past seven days, reaching a new all-time high of $0.00251. This marks the second ATH for meme coin in a month, indicating higher demand and higher buying volume. Nero's consistent upward trajectory reflects investors' confidence in its growth potential.

MemCoin appears poised to continue its bullish trend, supported by broad positive market signals. As long as investors see value in the NERO, the upward movement is likely to continue. This optimism indicates favorable conditions for continued gains.

However, if investors turn cautious, NEIRO may experience a price reversal. A fall to $0.00169 will reduce recent gains, indicating increased selling pressure. Falling below this support could invalidate the bullish thesis, prompting investors to re-evaluate their position in NEIRO.

Simon's Cat (CAT)

CAT showed a strong increase of 33% in the last week, which brings its trading value to $0.00003697. Although it has not reached a new all-time high, Meme Coin is approaching the $0.00004650 ATH. This increase shows the growing demand for Mem Coin and the potential for further gains.

CAT needs to break the $0.00004063 level to continue its uptrend and establish as a support floor. Doing so can boost investor confidence and pave the way to higher levels.

Read more: 11 Top Solana Meme Coins to See in November 2024

However, if CAT fails to turn $0.00004063 into support, it risks a return to $0.00003410. Losing this level of support could weaken the current bullish attitude and lead to further decline. Such a reversal calls for caution among investors in assessing CAT's potential for short-term gains.