Top 3 MEME coin on BNB network are booming in the market today

Today’s trading of meme coins is taking place with mixed fluctuations. Although the accumulation value of the entire meme coin market remains stable at $57.48 billion, there are still coins that have achieved impressive growth. In particular, Banana For Scale, a BNB-based meme coin, has demonstrated strength with a recorded growth of 35%. This shows that, despite the volatility of the crypto market, there are still coins that are bouncing back and experiencing strong growth.

In this analysis, let’s thoroughly evaluate three notable meme coins that are attracting attention and have the potential to bounce back in the near future: SPX6900 (SPX), BUILDon (B), and Banana For Scale (BANANAS31).

1. SPX6900 (SPX)

Although it was just launched in August 2023, SPX is currently becoming one of the best-performing meme coins recently. This coin has increased nearly 12%, reaching a price of 1.36 dollars. However, it is facing an important resistance level at 1.42 dollars. If it can surpass this level, SPX could continue its strong upward trend, attracting more investors to participate in this asset.

The support of the Parabolic SAR, a prominent technical indicator, indicates a strong uptrend and the potential for the price to surpass the $1.42 level to turn into support, while also opening up the opportunity to reach the next resistance level of $1.55. However, if it fails to break through this resistance level, SPX may face selling pressure, and the price could drop back to the $1.25 level, causing a decline in market sentiment.

SPX price chart 1 day | Source: TradingView## 2. BUILDon (B)

BUILDon has seen a growth of 7.2% today, indicating a clear upward momentum, although it is not the coin with the strongest increase. However, this coin is still facing resistance at $0.36. If this level is defended and turned into support, the price of BUILDon may continue the upward trend and reach a price of $0.41 in the near future.

A notable point is that BUILDon has a strong correlation with Bitcoin (, with a correlation coefficient of 0.62), indicating that this coin may benefit from the growth of BTC. If the uptrend of Bitcoin continues, BUILDon will have the opportunity for a strong price increase.

However, if the market does not maintain a positive upward momentum, the inability to break through the resistance level of $0.36 could cause the price to drop below this level, creating a weakening in market sentiment and potentially pulling the price of BUILDon down to $0.31.

Price chart of B 1 day | Source: TradingView## 3. Banana For Scale (BANANAS31)

BANANAS31 has seen an impressive growth of 35.3% in the past 24 hours, reaching an all-time high of $0.016. This BNB ecosystem meme token has bounced back from the support level of $0.012, demonstrating strong recovery. With robust support from the community of up to 124,000 hodlers, BANANAS31 has a solid foundation to continue its upward trend.

If this upward trend continues, BANANAS31 could reach a level of $0.018, reinforcing investors’ confidence in the strong bounce back potential of this coin. However, if selling pressure increases significantly, BANANAS31 may face a decline and drop to the support level of $0.012, opening up the possibility of a deeper drop, with a potential low price of $0.0078.

Price chart of BANANAS31 1 day | Source: TradingViewAlthough the crypto market for meme coins is experiencing mixed fluctuations, coins like SPX, BUILDon, and BANANAS31 are showing impressive bounce back and attracting attention from the community. Each coin has its own supporting factors, from technical indicators to strong community support, making them attractive options for investors.

However, like all other cryptocurrencies, the meme coin market is still full of risks and volatility. Investors need to closely monitor market signals and use appropriate risk management strategies to take advantage of opportunities and protect their investment capital.

Taylor