In the last 24 hours, the meme coin market lost $6 billion in value. Fartcoin is down 15.5% and is struggling to maintain its support at the $1.20 level. The recovery process will depend on the overall market stability.

Animecoin is attempting to hold at the support level of $0.0230, having lost 21.3% of its value. However, if this support is broken, there is a risk that the price could decline to $0.0201.

Goatseus Maximus (GOAT) is attracting attention with a 17.8% drop. The token shows a 0.70 correlation with Bitcoin; meaning if Bitcoin recovers, GOAT's price may rise to $0.117. Otherwise, a drop to $0.089 may occur.

With the increase in global political tensions, the cryptocurrency market took a big hit, losing about $200 billion in the last 24 hours. Meme coins were also affected by the Israel-Iran tensions, experiencing a total market capitalization decrease of $6 billion and are currently hovering around $60 billion.

BeInCrypto detailed three meme coins showing potential recovery signs despite this sharp correction for investors.

Fartcoin (FARTCOIN)

Launch: October 2024

Circulating Supply: 999.99 Million

Maximum Supply: 1 Billion

Fully Diluted Valuation: $1.13 Billion

FARTCOIN is trading at $1.14, losing 15.5% in the last 24 hours. It is striving to regain the support level of $1.20. Technical indicators, especially being below the Parabolic SAR candles, indicate that the bullish potential continues.

If market conditions improve, FARTCOIN may recover its losses in the short term. However, in the event of increased panic selling, the price could decline to $1.00, which would weaken the recovery likelihood and lead investors to be cautious.

Animecoin (ANIME)

Launch: January 2025

Circulating Supply: 5.53 Billion

Maximum Supply: 10 Billion

Fully Diluted Valuation: $242.21 Million

ANIME was one of the biggest losers of the day, with a 21.3% loss. Currently trading at $0.0241, the token is trying to hold at the critical support level of $0.0230. The Ichimoku Cloud being below the candlesticks indicates that momentum has not completely vanished and there is a chance of recovery.

If market conditions improve, ANIME may reclaim the $0.0268 level as support. However, if the downward trend continues, support may be broken, and the price could drop to $0.0201.

Goatseus Maximus (GOAT)

Launch: October 2024

Circulating Supply: 999.99 Million

Maximum Supply: 1 Billion

Fully Diluted Valuation: $102.46 Million

GOAT experienced a 17.8% decline due to macro market trends and is trading at $0.102. It has a strong correlation with Bitcoin (0.70%), so the movements of Bitcoin closely affect the price of GOAT.

If Bitcoin recovers, GOAT may rise to $0.117, bouncing back from the support at $0.102. However, if Bitcoin continues to decline, GOAT could fall to $0.089, negatively impacting the bullish expectations.


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