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As the second week of July begins, the bearish sentiment from Q2 appears to be fading quickly. Meme coins are gaining traction, with many emerging in the market.
BeInCrypto has analyzed three such meme coins that are attracting significant attention from investors, indicating a potential shift in market conditions.
Hosico Cat (HOSICO)
HOSICO has been on an impressive upward trajectory since the end of June, currently trading at $0.0631. In the past week, the meme coin has surged by 109%, showing significant growth. This price movement signals strong momentum and growing investor interest in HOSICO.
During this surge, HOSICO managed to set a new all-time high (ATH) at $0.0775. The altcoin’s bullish trend seems likely to continue, with further potential for forming new ATHs. If the momentum persists, HOSICO could see even greater price movements, attracting more attention from investors.
However, if selling pressure increases, HOSICO’s bullish outlook could be invalidated. A drop below the support level of $0.0619 would likely signal a retreat, potentially pushing the meme coin down to $0.0486. Such a pullback would suggest a shift in market sentiment.
Useless (USELESS)
USELESS has been gaining significant momentum, rising by nearly 26% this week. The meme coin is currently trading at $0.280, following a similar trend seen in other meme coins. This surge indicates strong investor interest and suggests a potential for further price movement in the coming weeks.
Having secured $0.250 as a support level, USELESS appears poised for growth. The Chaikin Money Flow (CMF) shows strong inflows, supporting the altcoin’s upward trend. If this continues, USELESS could breach its all-time high (ATH) of $0.309 and potentially set a new ATH at $0.400.
However, if investors choose to cash out and secure profits, USELESS could face a significant pullback. A drop below the $0.250 support level could push the altcoin down to $0.182, invalidating the current bullish thesis. This would signal a shift in market sentiment and lead to a potential downturn.
Osaka Protocol (OSAK)
OSAK has gained 50% this week, showing significant recovery after a challenging June. Currently trading at $0.0000000997, the meme coin is drawing investor attention due to its recent momentum. This increase indicates potential for further growth if the current trend continues, with OSAK aiming for higher levels.
The next target for OSAK is to breach the resistance level of $0.0000001090 and push toward $0.0000001240. The Parabolic SAR below the candlesticks is acting as support, signaling an active uptrend. This positive indicator suggests that the meme coin has the potential to continue climbing if market conditions remain favorable.
However, if the broader market experiences a downturn, OSAK could face selling pressure. A drop below the support of $0.0000000965 would signal a potential reversal, pushing the altcoin down to $0.0000000866. This scenario would invalidate the current bullish outlook, pointing to a possible correction in OSAK’s price movement.
XRP has recently broken out from a multi-month descending wedge, signaling a potential reversal after the largest downtrend of 2025. Trading at $2.22, the cryptocurrency appears to be entering a new phase of bullish momentum.
This shift could mark the end of the persistent price decline that started in January, setting the stage for further growth.
XRP Holders Are Holding On
The dominance of short-term holders has significantly declined, indicating a positive shift in market dynamics for XRP. According to the HODL waves, the supply held by investors holding between 1 and 3 months has dropped from 12% to 6% in the span of two months.
This shift suggests that more short-term holders have transitioned into mid-term holders, reducing the likelihood of immediate sell-offs. This maturation of holdings is a positive sign, as it indicates more stability and less selling pressure in the short term stemming from confidence in price recovery.
XRP’s macro momentum is showing promising signs as the cryptocurrency pulls away from a potential Death Cross, which could have signaled a significant decline in price. The 50-day Exponential Moving Average (EMA) is currently trending upward, providing support for XRP as it moves away from bearish territory. The candlesticks are also positioned above the 50-day EMA, signaling that the altcoin is gaining strength and may continue its upward movement.
The pullback from the Death Cross and the upward movement of the 50-day EMA provide technical evidence that XRP’s price could continue to rise. This shifting momentum, combined with improving market sentiment, suggests that XRP is setting itself up for a potential rally. Investors will closely watch these indicators as signs of further recovery.
XRP is currently trading at $2.22, breaking out of a near 5-month-long descending wedge. If this breakout continues, it will mark the end of the largest downtrend of the year, which started in January. The next key resistance is at $2.38, and a successful breakout above this level could signal further upward movement for XRP.
If XRP maintains its current bullish trajectory, the altcoin could rise to $2.56 after breaking through the $2.38 resistance. Flipping $2.56 into support would further confirm the breakout and indicate that XRP is entering a more sustained phase of growth. This would set the stage for continued price appreciation.
However, if XRP fails to break the $2.38 resistance, the price could fall back to $2.02. Losing the $2.16 support level would invalidate the bullish thesis, signaling a potential reversal in sentiment and a resumption of the downtrend. The next few days will be crucial in determining whether XRP can maintain its upward momentum or face further declines.