Top memecoins to watch today: WIF, MUBARAK, MOODENG

Memecoins are facing mixed signals just like the rest of the market, while waiting for a clear bullish catalyst. However, Dogwifhat (WIF) shows that not all memecoins need a big push to break out — as today, WIF surged by 16%.

Below are other memecoins that investors should watch as they may follow in WIF's footsteps.

Moo Deng (MOODENG)

Today, MOODENG has recorded a bullish increase of 15% — one of the best rallies of this memecoin in recent times. Trading at $0.22, MOODENG is showing optimistic signals as investors await the next developments. If positive signals are maintained in the coming days, the bullish trend may continue.

The 50-day moving average (EMA) has just crossed above the 200-day EMA, forming a golden cross pattern. This is a traditional bullish signal, indicating that this memecoin may continue its upward momentum. If the trend is maintained, MOODENG will surpass the next resistance level at $0.248.

! MOODENG Price Chart | Source: TradingviewHowever, any strong selling pressure or the general bearish trend of the market could threaten MOODENG's bullish outlook. If the price drops below the current support of $0.18, this could trigger a deeper decline, with a potential low of $0.124 – thereby completely negating the previous positive forecast.

Dogwifhat (WIF)

The price of Dogwifhat (WIF) has increased by 16% in the last 24 hours, making it one of the best-performing memecoins today. Currently trading at $0.98, WIF has bounced back from the $0.85 support zone. This upward momentum may be a sign that WIF still has room for growth if the uptrend continues in the coming days.

The Ichimoku Cloud indicator is below the candles, indicating that the bullish trend of WIF may continue. With a key resistance level at $1.04, if WIF successfully breaks this level, it could pave the way towards $1.24. Staying above the resistance level will reinforce the recent bullish momentum.

WIF Price Chart | Source: TradingviewHowever, the risk of a reversal still exists if market conditions become unfavorable. If WIF fails to sustain the upward momentum, the price may return to the $0.85 support level. Losing this support will lead to a decline to $0.65, nullifying the current bullish outlook.

Mubarak (MUBARAK)

The price of MUBARAK has increased by 13.7% in the past 24 hours, currently trading at $0.044. This memecoin is trying to hold the level of $0.043 as a support threshold — a key milestone for the bullish trend in the short term. Maintaining this support will lay the groundwork for the next bullish rallies in the near future.

With over 24,450 wallets holding, MUBARAK needs stronger buying power to continue its bullish trend. The Chaikin Money Flow (CMF) indicator shows that money is flowing into this altcoin quite strongly, reflecting increasing interest from investors. This could help MUBARAK target the resistance area of $0.066 in the coming days.

MUBARAK Price Chart | Source: TradingviewHowever, if MUBARAK fails to hold the $0.043 support, the possibility of a decline is very high. The price may slide below $0.036, and may even touch $0.028 or lower. This development will negate the current bullish outlook and make investors more cautious.

Minh Anh