WIF Leads Meme Coin Rally with 12% Surge as MOODENG and MUBARAK Show Bullish Signals

Meme coins are once again making waves, with several outperforming the broader crypto market despite a lack of strong bullish catalysts. Leading the pack today is dogwifhat (WIF), which posted a 12.5% gain, sparking renewed interest in low-cap, high-volatility assets. Following closely are MOODENG and MUBARAK, both showing signs of positive momentum.

WIF Surges Past Key Support

WIF, launched in December 2023, saw a significant bounce from its $0.85 support level to trade at $0.98—marking one of the strongest daily performances in the meme coin space.

The Ichimoku Cloud formation below the candlesticks indicates a bullish continuation pattern. If WIF can break through the $1.04 resistance, traders may see a move toward $1.24, reinforcing the upward trajectory.

However, this trend could reverse if broader market sentiment shifts. A drop back to $0.85, or worse, to $0.65, would invalidate the current outlook.

MOODENG Forms a Golden Cross

Launched in September 2023, Moo Deng (MOODENG) is trading at $0.217 today after a 5% gain, one of its strongest showings in recent weeks. The meme coin is attracting technical traders with the formation of a Golden Cross, where the 50-day EMA has crossed above the 200-day EMA—a classic bullish signal.

If the rally continues, MOODENG could test resistance at $0.248. However, failure to maintain current momentum could see prices slide below $0.180, with a possible downside toward $0.124.

Despite some volatility, MOODENG's setup suggests investors are cautiously optimistic, watching for confirmation of the breakout.

MUBARAK Gains Ground, Eyes New Resistance

Among small-cap meme coins, MUBARAK has emerged as one to watch. Trading at $0.044, it is up 11% in the last 24 hours and currently battling to establish $0.043 as a solid support level.

With a fully diluted valuation (FDV) of $45.2 million and over 24,450 wallet holders, MUBARAK is still gaining traction. The Chaikin Money Flow (CMF) indicates positive capital inflow, hinting at growing investor interest.

If momentum holds, the token could push toward its next resistance at $0.066. But a drop below $0.036 could erode confidence and send prices closer to $0.028, nullifying the current bullish setup.