Meme Coin Season Returns: POPCAT, MOG, and NEIRO Register Double-Digit Hikes

Meme coin season appears to be back in full swing, with several tokens registering notable double-digit hikes. Leading the charge are cat-themed Popcat (POPCAT), Ethereum-based Mog Coin (MOG), and First Neiro on Ethereum (NEIRO).

Meme coins, a class of cryptocurrencies known for their rapid price movements and viral appeal, are once again making headlines with several tokens posting double-digit gains.

Among these tokens is Popcat (POPCAT), a cat-themed meme coin that has soared in price. According to BeInCrypto's recent report, POPCAT's price surged by 15% within 24 hours. This rally follows a new all-time high for the meme coin, which was reported by BeInCrypto on Saturday, October 5. At the time, POPCAT's price reached $1.29. Now, the meme coin has surpassed that level, reaching a new all-time high of $1.43.

Another meme coin that saw a significant increase is Mog Coin (MOG), which rose by 18.40% in 24 hours. This price movement brought MOG to a new all-time high of $0.0000016. However, unlike other meme coins, MOG's price did not hit a new all-time high during the previous rally.

As a result, MOG has the potential to reach a higher value in the short term. On the daily chart, the Moving Average Convergence Divergence (MACD) is positive, indicating bullish momentum. The MACD gauges momentum and identifies periods for buying or selling a cryptocurrency. A positive MACD reading indicates bullish momentum, while a negative reading signifies bearish momentum.

First Neiro on Ethereum (NEIRO) also hit a new all-time high, but the price quickly dropped from $0.0015. Following this decline, the Balance of Power (BoP) also decreased. This price-based indicator is used to evaluate the overall strength of buyers and sellers in the market.

The indicator oscillates around the zero line, where positive values indicate bullish dominance and negative values indicate bearish ones. As of this writing, the BoP on NEIRO's 4-hour chart is down to -0.32, suggesting that bears have the upper hand.

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