As global political tension heightened, the crypto market suffered wiping away $200 billion in 24 hours. Meme coins were not spared from the impact of Israel’s attack on Iran as their collective value fell by $6 billion to stand at $60 billion at the moment.
BeInCrypto analyzed three meme coins for investors to watch as they present bullish cues despite today’s correction.
Fartcoin (FARTCOIN)
Launch Date – October 2024
Total Circulating Supply – 999.99 Million FARTCOIN
Maximum Supply – 1 Billion FARTCOIN
Fully Diluted Valuation (FDV) – $1.13 Billion
Contract Address – 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
FARTCOIN’s price has been down 15.5% over the last 24 hours, trading at $1.14. The meme coin is struggling to reclaim the $1.20 support level. Despite recent declines, it still has the potential to rebound if it can stabilize above this crucial price point amidst current market volatility.
The presence of Parabolic SAR below the candlesticks indicates potential for an uptrend. This could help FARTCOIN reclaim $1.20 as support, offering a pathway for further price recovery. If market conditions stabilize, the meme coin could push upward and regain some of the lost ground in the short term.
FARTCOIN Price Analysis. Source: TradingView
However, if investors panic sell, FARTCOIN’s price may continue to drop, potentially falling to $1.00. This would invalidate the bullish outlook and hinder any potential recovery for the meme coin. The price decline could deepen, leaving investors cautious and uncertain about the altcoin’s future trajectory.
Animecoin (ANIME)
Launch Date – January 2025
Total Circulating Supply – 5.53 Billion ANIME
Maximum Supply – 10 Billion ANIME
Fully Diluted Valuation (FDV) – $242.21 Million
Contract Address – 0x37a645648df29205c6261289983fb04ecd70b4b3
ANIME is down 21.3%, becoming one of the biggest losers of the day. Currently trading at $0.0241, the meme coin is holding above the critical support level of $0.0230. However, ongoing market conditions and investor behavior could influence the altcoin’s ability to maintain this support.
The Ichimoku Cloud below the candlesticks indicates that bullish momentum has not completely faded. This could help ANIME reclaim the $0.0268 level as support and recover its losses if market conditions improve. The presence of the cloud suggests potential for a rebound, but investor sentiment will be key.
ANIME Price Analysis. Source: TradingView
If bearish market conditions persist, ANIME could fall below the $0.0230 support, potentially reaching $0.0201. This drop would invalidate the bullish outlook and further deepen the price correction.
Small Cap Corner – Goatseus Maximus
Launch Date – October 2024
Total Circulating Supply – 999.99 Million GOAT
Maximum Supply – 1 Billion GOAT
Fully Diluted Valuation (FDV) – $102.46 Million
Contract Address – CzLSujWBLFsSjncfkh59rUFqvafWcY5tzedWJSuypump
GOAT, like many meme coins, has faced significant losses due to macro bearish market conditions, falling 17.8% in the last 24 hours. The altcoin is currently trading at $0.102. Its price action has been largely impacted by broader market trends, particularly Bitcoin’s movements.
GOAT’s correlation to Bitcoin stands at 0.70, meaning it tends to follow BTC’s price movements. This makes GOAT vulnerable to declines if Bitcoin falls, but opens up recovery opportunities if BTC experiences a rally. The cryptocurrency’s price may react strongly to Bitcoin’s fluctuations, which influences investor sentiment.
GOAT Price Analysis. Source: TradingView
If Bitcoin’s bullish trend continues, GOAT could bounce off the support at $0.102 and rise toward $0.117. This would allow the meme coin to recover some of its losses and potentially push higher. However, if Bitcoin’s price declines, GOAT could drop to $0.089, invalidating the bullish outlook.
