The third week of August 2024 was remarkable for meme coins, showing significant gains compared to prior weeks. Leading the pack were PEPE, POPCAT, and SUNDOG, each with unique factors driving their increases.
Frog-themed PEPE saw its price surge by 25%, fueled by renewed interest and a 106% spike in trading volume. Technical indicators like the dramatic rise in the Relative Strength Index (RSI) suggest continued bullish momentum.
Solana's POPCAT increased by 67.38%, driven by its listing on Binance's futures market and a substantial purchase by a whale. Technical patterns like the symmetrical triangle breakdown and expanding Bollinger Bands pointed to high volatility and potential overbought conditions.
SUNDOG on the Tron network, hyped by SunPump's launch, skyrocketed by almost 400%. Its price increased over 100 times in just nine days. The widening recognition and potential future exchange listings could push its value beyond new all-time highs.
