- COQ and SNEK embarked on significant rallies in the final days of February 2024.
- Both meme coins have broken multiple resistances to achieve new milestones.
- This is the first time COQ and SNEK communities will be experiencing a bull cycle.
Coq Inu (COQ), a meme coin based on the Avalanche blockchain, has embarked on a significant rally since the final days of February 2024. The novel cryptocurrency bounced off support around $0.0000014311 on February 24, initiating a rally and achieving new heights.
According to data from TradingView, COQ has broken multiple resistance levels in the current rally. It has also achieved new milestones, gaining the crypto community’s attention as one of the meme coins with an early breakout.
Notably, the Avalanche-based meme coin climbed above resistance levels at $0.0000021885, $0.0000025520, $0.0000032336, and $0.0000039910. The current rally reflects the classic behavior of a meme coin rally during a crypto market bull cycle.
With the current rally, COQ has gained 364% in less than three weeks at the time of writing. COQ represents one of the early starters in the meme coin category, ahead of an anticipated altcoin season.
Cardano’s Snek (SNEK) has projected a similar trajectory with COQ. It kicked off its rally during the same period, around the end of February, and has continued upwards. SNEK bounced off significant support around $0.0008963, breaking above resistance levels at $0.0012314, $0.0015529, $0.0017992, and $0.0020454.
The novel meme coin traded for $0.0022227 at the time of writing, gaining 154% of its original price since the rally began, per TradingView. Historical data suggests SNEK’s next target to be $0.0028498, an ATH that terminated the remarkable rally of last year’s December.
Both meme coins are relatively new blockchain tokens that didn’t exist during the last bull run. The upcoming altcoin season will be the first time their communities will experience the event. Hence the heightened anticipation that COQ and SNEK could be among the notable performers at the peak of the evolving bull cycle.
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