The cryptocurrency market started strong in 2026, with meme coins at the forefront. Some of the altcoins that performed best this week are meme coins. However, their rise may slow down in the coming days as the risk of selling increases.
BeInCrypto has analyzed three such meme coins that have risen sharply but risk turning downward during the second week of January.
Useless (USELESS)
USELESS has become one of the best-performing tokens since 2026 began. The meme coin increased by 78% in four days and reached 0.1118 USD. Strong speculative interest and better sentiment drove the rise. Therefore, USELESS became a volatile winner early in the year.
The rise helped USELESS reclaim the 50-day EMA as short-term support. This suggests nearby stability. However, rapid rises for meme coins often attract profit-taking. If many sell, the price could drop to around 0.0950 USD. If USELESS loses this level, the fall could be deeper, although 0.0690 USD does not need to be tested again.
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If the upward trend continues this week, USELESS could challenge the resistance at 0.1304 USD. A breakout above this could pave the way to 0.1500 USD. For this to happen, users must be convinced and selling pressure must decrease after the recent gains.
Brett (BRETT)
The price of BRETT has risen by 45% in the last four days and is currently trading at 0.0195 USD. The meme coin now faces important resistance between 0.0203 and 0.0212 USD. This area has previously limited the rise and could once again test buyers' strength.
Previously, movements here have led to caution. BRETT has been rejected multiple times within this resistance area during previous rises. If the price follows the same pattern, a reversal may occur. In that case, BRETT could fall towards support at 0.0183 USD, where buyers may try to halt the decline.
A continued rise is possible if momentum increases. A clear breakout above 0.0212 USD indicates increased demand. If this resistance is broken, BRETT could test 0.0224 USD. If buyers continue to buy above that level, the negative trend could be broken and the price could aim for 0.0247 USD.
Bonk (BONK)
BONK has increased by 23% in the last day. The rise since the turn of the year is a full 54%. The meme coin is trading near 0.00001154 USD. Despite strong momentum, technical signals now indicate that a reversal may be near as buyer strength seems to be waning.
The Relative Strength Index is above 70.0, which usually leads to profit-taking. Many have typically bought in here, so selling pressure may increase now. With 0.00001216 USD as resistance, BONK could fall below 0.00001103 USD and test 0.00001009 USD.
If investors do not sell, BONK could continue upwards. Constant demand could push BONK over 0.00001216 USD and up towards 0.00001353 USD. However, rapid rises can conceal the risk of overbought conditions, which means the price could fall quickly even if it looks strong after significant gains.