Meme coin market noted a decline today falling by 3% to stand at $63.5 billion at the moment. Nevertheless, one meme coin managed to escape the bearishness and post gains, Launchcoin on Believe.
BeInCrypto analyzed two other top meme coins for investors to watch, where they could be heading despite the decline.
Fartcoin (FARTCOIN)
Launch Date – October 2024
Total Circulating Supply – 999.99 Million FARTCOIN
Maximum Supply – 1 Billion FARTCOIN
Fully Diluted Valuation (FDV) – $914.59 Million
Contract Address – 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
FARTCOIN has experienced a significant 11.8% drop, making it one of the worst-performing altcoins today. Trading at $0.90, it has slipped below the support of $0.91, reflecting ongoing bearish momentum. Despite this, there are still opportunities for recovery depending on how the market responds in the coming days.
The Ichimoku Cloud suggests bearish trends as it has yet to move above the candlesticks. However, this also indicates that FARTCOIN may have room for recovery if it can reclaim $1.00 as support. Low price accumulation could be key in helping the meme coin stabilize and rise.
FARTCOIN Price Analysis. Source: TradingView
If the decline persists, FARTCOIN could fall to $0.80. This would further extend the meme coin’s losses and invalidate the bullish outlook.
Brett (BRETT)
Launch Date – March 2024
Total Circulating Supply – 9.90 Billion BRETT
Maximum Supply – 9.99 Billion BRETT
Fully Diluted Valuation (FDV) – $490.50 Million
Contract Address – 0x532f27101965dd16442e59d40670faf5ebb142e4
BRETT slipped by 9% over the last 24 hours, trading at $0.049, and is holding above the crucial support of $0.047. Although this price drop may raise concerns, the altcoin may not experience further decline if the support holds. Market sentiment remains cautious, but there is potential for recovery.
The Chaikin Money Flow (CMF) is currently showing an incline, signaling that inflows are strengthening. If the CMF flips above the zero line and confirms bullish momentum, BRETT could rebound from its support of $0.047 and aim for a recovery, potentially pushing to $0.052 and beyond.
BRETT Price Analysis. Source: TradingView
However, if the decline continues, BRETT could lose the $0.047 support level. A slip below this support would likely push the meme coin to $0.042, deepening losses and invalidating the optimistic forecast for the altcoin’s short-term performance.
Small Cap Corner – Launchcoin on Believe (LAUNCHCOIN)
Launch Date – January 2025
Total Circulating Supply – 999.87 Million LAUNCHCOIN
Maximum Supply – 1 Billion LAUNCHCOIN
Fully Diluted Valuation (FDV) – $143.04 Million
Contract Address – Ey59PH7Z4BFU4HjyKnyMdWt5GGN76KazTAwQihoUXRnk
LAUNCHCOIN is up 15.6% over the last 24 hours, trading at $0.142, making it the best-performing meme coin. Despite this growth, investors should remain cautious as underlying risks persist.
The coin’s performance could be influenced by investor sentiment, as volatility in meme coins remains common. Rugcheck data shows that only 20% of LAUNCHCOIN’s liquidity pool is locked, while 85% of the supply is controlled by just 656 wallets, even though the token has over 32,290 holders.
LAUNCOIN Analysis. Source: Rugcheck
Despite this, investor interest continues to grow, and LAUNCHCOIN could potentially breach $0.149, which would serve as a crucial support level for further price movements toward $0.219.
LAUNCOIN Price Analysis. Source: TradingView
The Parabolic SAR remains above the candlesticks, signaling bearish momentum. If selling pressure increases, LAUNCHCOIN could fall below its support of $0.114, leading to a decline. This would invalidate the bullish outlook, highlighting the importance of closely monitoring market conditions.
