The crypto market had a strong beginning to 2026 with the meme coins leading the charge. Some of the best-performing altcoins this week include meme coins; however, their rally might notice some slack in the coming days as the threat of selling strengthens.
BeInCrypto has analysed three such meme coins that have rallied sharply but face potential reversal in the second week of January.
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Useless (USELESS)
USELESS has emerged among the top-performing tokens since 2026 began. The meme coin gained 78% over four days, lifting the price to $0.1118. Strong speculative interest and improving sentiment have driven the advance, positioning USELESS as a high-volatility outperformer early in the year.
The rally helped USELESS reclaim the 50-day EMA as short-term support. This signal suggests near-term stability. However, sharp meme coin rallies often attract profit-taking. Increased selling could pull the price toward $0.0950. Losing this level may trigger a deeper decline, even without revisiting $0.0690.
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USLESS Price Analysis. Source: TradingViewIf bullish momentum persists this week, USELESS could challenge the $0.1304 resistance. A breakout above this level may open a path toward $0.1500. Achieving this move requires sustained holder conviction and reduced selling pressure following recent gains.
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Brett (BRETT)
BRETT price has surged 45% over the past four days, trading near $0.0195 at the time of writing. The meme coin is now confronting a key resistance zone between $0.0203 and $0.0212. This supply block has historically limited upside momentum and may test buyer strength again.
Technical history suggests caution near this zone. BRETT has faced repeated rejections within this resistance range in prior rallies. If price action follows past patterns, a reversal could develop. Under that scenario, BRETT may retreat toward the $0.0183 support level, where buyers could attempt to stabilize losses.
BRETT Price Analysis. Source: TradingViewBullish continuation remains possible if momentum strengthens. A decisive breakout above $0.0212 would signal renewed demand. Clearing this resistance could allow BRETT to test $0.0224. Sustained buying beyond that level may invalidate the bearish outlook and open a path toward $0.0247.
Bonk (BONK)
BONK price climbed 23% in the past 24 hours, extending gains to 54% since the year began. The meme coin trades near $0.00001154. Despite strong momentum, technical signals now suggest a potential reversal as buyers show early signs of exhaustion.
The Relative Strength Index sits above the 70.0 overbought threshold, a level often linked to profit-taking. Accumulation tends to saturate here, allowing selling pressure to rise. With $0.00001216 acting as resistance, BONK could drop below $0.00001103 and test $0.00001009.
BONK Price Analysis. Source: TradingViewBullish continuation remains possible if investors avoid selling. Sustained demand could push BONK above $0.00001216 and toward $0.00001353. However, sharp rallies can mask saturation risk, meaning assets that appear attractive after rapid gains may carry elevated downside exposure.
Source: https://beincrypto.com/meme-coins-first-week-of-january-2026/
