Mochi (MOCHI) Emerges as the Top-Performing Meme Coin This Week, Surging 241%

The meme coin market saw a mixed performance this week, with only a handful of tokens managing to post gains. Most top meme coins ended the week in the red, deepening investor losses.

BeInCrypto presents a weekly analysis of three meme coins that have stood out in the market, showcasing either remarkable gains or sharp declines. This week's spotlight includes Mochi (MOCHI), Toshi (TOSHI), and Official Melania Meme (MELANIA).

Mochi (MOCHI) price soared this week, fueled by a 241% gain. The meme coin rallied sharply from $0.000030 to trade at $0.00004016 as of Friday morning. This surge pushed MOCHI to the upper range of its recent price movements, with the token now attempting to sustain support at $0.00003596.

If MOCHI holds this support level, the uptrend could continue, with key resistance ahead at $0.00004867. A breakout past this barrier could propel the meme coin toward the $0.00006000 mark.

On the other hand, if the support at $0.00003596 gives way, a sell-off could follow, driving MOCHI down to $0.00002486, wiping out recent gains and setting the stage for increased volatility.

Toshi (TOSHI) price followed suit, notching a 93% gain over the past week. The meme coin rallied from $0.00060 to trade at $0.00112 as of Friday morning. Despite the strong rally, TOSHI remained pinned beneath the $0.00128 resistance.

For the TOSHI uptrend to continue, it must flip the $0.00128 level into a support zone. If this shift occurs, the token could be propelled toward its all-time high at $0.00211. A breakout past this milestone would bolster bullish sentiment and signal further price appreciation.

However, if the downtrend resumes, TOSHI could retrace to the $0.00057 support level. A loss of this key support would invalidate the bullish outlook, potentially erasing a significant portion of the recent gains and inviting further selling pressure.

Official Melania Meme (MELANIA) price declined sharply this week, notching a 23% loss. The altcoin dropped from $2.60 to trade at $2.11 as of Friday morning. This downturn came amid a cooling interest in political meme coins, which has played a major role in the altcoin’s recent price performance.

Without renewed enthusiasm from investors, the token may continue to struggle to regain momentum. If MELANIA fails to hold the $2.02 support level, further losses could follow. A drop below $2.00 would expose the altcoin to increased bearish pressure, potentially leading to extended declines.

However, a reversal above $2.35 could invalidate the bearish outlook. If MELANIA breaks past $2.80, bullish momentum may accelerate, pushing the token toward $3.45 and signaling a strong recovery.