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In the current MEME coin market, several projects that are in a sideways consolidation phase have attracted the attention of investors. These projects may be on the brink of an explosion and are worth our close follow.
In general, MEME coin projects with the following characteristics are more likely to experience a strong rise after a period of Sideways trading: control by major funds, stable market capitalization, and continuous project development. These characteristics often align with the market rule that 'the longer the Sideways period, the greater the rise.'
Currently, several projects worth following in the market include:
1. ANI: As a representative of artificial intelligence concept projects, it has been in a Sideways range for 16 days, with a market value of approximately 17.8 million.
2. AOL: A Launchpad segment belonging to the WLFI ecosystem, the new platform is about to be launched, currently it has been in a Sideways trend for 6 days, with a market value of approximately 16.2 million.
3. SPARK: As a leading AI project on the Pump platform, it has been sideways for 8 days, with a market cap of about 28 million, and is still in a hot track.
4. KLED: A leading project in the ICM (Metaverse Content Management) track, planning to migrate to the blockchain and collaborate with a large company, has been moving sideways for 69 days, with a market value of about 17 million, seemingly poised for a breakout.
Typically, projects that can achieve a strong upward trend after moving sideways often possess two key factors: first, they have strong community support and an appealing narrative; second, the project team continuously promotes development and practical applications.
Looking back at the last round of market trends, we saw many cases of significant rises after a period of sideways movement, such as TROLL, PENGU, USELESS, PYTHIA, NUIT, and GP. Projects that experienced a shorter sideways period but were able to quickly surge usually aligned with the current market hotspots.
It is important to note that the MEME coin market is highly volatile and carries high investment risks. Investors should fully understand the project background, assess risks, and invest rationally when participating. At the same time, market trends change rapidly, and investment decisions need to be adjusted promptly based on the latest market conditions.