The cryptocurrency market has opened the second week of September on a cautiously positive note. Despite last week’s mild bearish sentiment, several altcoins have recorded notable gains, with meme coins once again spearheading the rally. Leading the charge is Nobody Sausage (NOBODY), which has surged more than 60% over the past seven days. Alongside NOBODY, tokens such as Troll (TROLL) and Pump.fun (PUMP) are also capturing investor attention.

Troll (TROLL): Volatile but Promising

TROLL has cemented its position as one of the most volatile meme coins in circulation. Over the past week, the token recorded a 15% gain despite its inability to break a significant resistance barrier.

At the time of writing, TROLL is holding above $0.155, with a key resistance level at $0.210. The Chaikin Money Flow (CMF) indicator suggests improving inflows, signalling that investor interest remains strong. If buying momentum continues, TROLL may attempt to retest its all-time high of $0.289. Achieving this would represent a 71% recovery from its current levels.

However, the risks remain equally prominent. Should investors choose to book profits prematurely, the token could lose its grip on the $0.155 support. A breakdown here may send TROLL tumbling toward $0.133 or lower, which would invalidate its bullish outlook. Traders should therefore monitor both price action and investor sentiment closely, as TROLL remains highly sensitive to rapid market shifts.

Pump.fun (PUMP): Defying Bitcoin’s Trend

While Bitcoin has been relatively stagnant, Pump.fun (PUMP) has managed to carve out its own bullish trajectory. The token’s price surged almost 40% in the last week, reaching $0.0046 at press time. Although it briefly struggled to break through resistance at $0.0049, the coin still looks well-positioned for further gains.

A key factor working in PUMP’s favour is its negative 0.26 correlation with Bitcoin. This divergence has allowed the token to maintain momentum even when BTC consolidates, giving traders an attractive alternative for short-term gains. If PUMP successfully clears the $0.0049 resistance, it could advance toward the next target of $0.0056 in the days ahead.

That said, profit-taking remains a looming risk. A wave of selling pressure could drag the token back to its immediate support at $0.0041. A deeper correction may even pull PUMP down to $0.0038, erasing much of last week’s gains and weakening the bullish case. Investors, therefore, face a critical decision: ride the momentum or lock in profits before a potential reversal.

Nobody Sausage (NOBODY): Leading the Meme Coins Pack

The standout performer this week is undoubtedly Nobody Sausage (NOBODY). With an impressive 62% rally, the token is now trading at $0.091. More importantly, it has successfully established a solid support base at $0.070, a sign of renewed investor demand across the meme coin sector.

Looking forward, NOBODY faces its next big challenge at the $0.100 resistance level. A decisive breakout above this barrier could open the door to stronger upward momentum, potentially attracting more capital inflows as traders search for high-return opportunities.

Yet, the bullish momentum is far from guaranteed. The threat of profit-taking continues to hover over the market. If a sell-off occurs, NOBODY could quickly retreat back to the $0.070 support or even slide further to $0.056. Such a decline would not only erase its recent rally but also undermine the current bullish thesis.

Momentum Meets Uncertainty

Meme coins continue to thrive as speculative assets that respond swiftly to investor psychology and short-term market trends. In the current environment, TROLL, PUMP and NOBODY represent the most closely-watched tokens, each with its own set of opportunities and risks.

• TROLL offers volatility and potential upside but faces steep resistance.
  
• PUMP benefits from diverging from Bitcoin’s movement, making it an attractive hedge against BTC stagnation.
  
• NOBODY leads the charge with strong weekly gains, though it must overcome critical resistance to sustain momentum.
  

As the second week of September unfolds, traders will be closely monitoring whether these meme coins can build on their recent rallies or fall prey to profit-taking pressure. One thing is certain: meme coins remain a dynamic force in the altcoin market, capable of delivering both high rewards and sharp reversals in equal measure.