Following broader market signals for cryptocurrencies, most meme coins recorded losses today. However, some coins found stability, providing an opportunity for recovery, while a small group, including Ava AI, managed to rise.
BeInCrypto has analyzed two additional meme coins for investors to watch and determine the direction they may take in the future.
FARTCOIN
Launch date - October 2024
Total circulating supply - 999.99 million FARTCOIN
Maximum supply - 1 billion FARTCOIN
Fully diluted valuation (FDV) - $1.34 billion
Contract address - 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
The price of FARTCOIN has decreased by 13% over the past five days after failing to break the resistance of $1.54. Despite this decline, positive signals indicate the possibility of a recovery for the meme coin as market conditions evolve.
Bollinger Bands indicate that FARTCOIN is approaching a squeeze, suggesting upcoming volatility. The candle below the baseline indicates that this volatility could push the price up, potentially driving FARTCOIN towards or above the resistance level of $1.54.
However, if downward momentum prevails, FARTCOIN may continue its downward trend. A drop to $1.20 would invalidate the bullish outlook, indicating increased selling pressure and further losses for investors.
Meme Melania (MELANIA)
Launch date - January 2025
Total circulating supply - 398.91 million MELANIA
Maximum supply - 1 billion MELANIA
Fully diluted valuation (FDV) - $341.11 million
Contract address - FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P
MELANIA has been on a downward trend over the past month, currently trading at $0.341. This decline has limited the meme coin's ability to gain upward momentum and attract new buyers amid broader market challenges.
However, the MACD indicates that bullish momentum remains intact, avoiding a bearish crossover. This technical strength could support the price of MELANIA when market conditions improve, helping it turn $0.372 into support and targeting a rise towards $0.424.
If MELANIA drops below the support level of $0.344, it risks falling to $0.314. Such a move would invalidate the bullish outlook and likely prolong losses for investors holding the altcoin.
Small-cap corner - Ava AI (AVA)
Launch date - November 2024
Total circulating supply - 998.86 million AVA
Maximum supply - 1 billion AVA
Fully diluted valuation (FDV) - $55.25 million
Contract address - DKu9kykSfbN5LBfFXtNNDPaX35o4Fv6vJ9FKk7pZpump
AVA was one of the best-performing meme coins today, rising by 14% despite a general market decline. With nearly 54,800 holders, Nansen data shows some accumulation by investors. This increasing interest suggests positive momentum for AVA amid challenging market conditions.
Bullish signals for AVA could help maintain $0.052 as support, a key level for additional gains. Holding this support may allow the meme coin to recover losses and target a breakout above $0.067, indicating renewed investor confidence.
AVA Price Analysis.
However, the 50-day exponential moving average is currently acting as resistance, indicating short-term downward pressure. If AVA drops below the support of $0.052, it could decline to $0.044, invalidating the bullish outlook and signaling further downside risks for traders.
