Meme coins are having a tough day similar to other crypto tokens as the whole market suffers the effects of Israel and Iran’s conflict. With tensions rising across the globe it is difficult to note gains, but Useless coin managed to do so anyway.
BeInCrypto has analyzed USELESS and two other meme coins for investors to watch even as the market dips.
Pudgy Penguins (PENGU)
- Launch Date – December 2024
- Total Circulating Supply – 62.86 Billion PENGU
- Maximum Supply – 88.88 Billion PENGU
- Fully Diluted Valuation (FDV) – $698.39 Million
- Contract Address – 2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv
PENGU is facing a 10.8% decline today, yet it continues to hold above the crucial support level of $0.0088. This level has consistently prevented further declines since the start of the month, making it a key point for traders to watch.
The Ichimoku Cloud is signaling strong bullish momentum for the meme coin, suggesting a potential bounce from the $0.0088 support level. If PENGU successfully breaches and flips $0.0100 into support, it could trigger a recovery and pave the way for further price gains.
However, any significant selling pressure could push PENGU below the $0.0088 support, leading to a drop towards $0.0071. If this occurs, the altcoin would be vulnerable to further declines, and the bullish outlook would be invalidated.
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 has experienced a 9.2% drop in the last 24 hours, trading at $1.07. The meme coin is now inching closer to the critical $1.00 support level. This decline mirrors similar patterns observed in other meme coins, raising concerns about a potential further downside if bearish pressure persists.
Despite losing the 50-day EMA support, FARTCOIN still finds support from the 100-day and 200-day EMAs. These levels could help the altcoin reverse its recent losses. If the price manages to reclaim momentum, FARTCOIN could rise back to $1.20 and attempt to flip this level into new support.
However, if bearish sentiment strengthens, FARTCOIN could face further declines. A break below $1.00 would likely push the price down to $0.91, invalidating the meme coin’s bullish outlook. This scenario would signal a more prolonged bearish trend, potentially leading to greater losses for holders.
Small Cap Corner – Useless (USELESS)
- Launch Date – March 2025
- Total Circulating Supply – 999.94 Million USELESS
- Maximum Supply – 1 Billion USELESS
- Fully Diluted Valuation (FDV) – $88.03 Million
- Contract Address – Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
Despite its ironic name, Useless (USELESS) has proven to be one of the most useful coins for its holders. Defying the bearish market conditions, USELESS surged by 26.6% in 24 hours, now trading at $0.0939. This impressive performance highlights the altcoin’s resilience amidst broader market challenges.
USELESS recently reached its all-time high (ATH) of $0.0980 for the second time since its launch. If market conditions remain favorable, USELESS could surpass this ATH and break the $0.1000 barrier. The meme coin’s continued growth is possible, given strong market support and investor confidence in its potential.
However, if investors decide to secure their profits and sell off their holdings, USELESS could face a sharp decline. A drop below the $0.0662 support would make the altcoin vulnerable to further losses, potentially bringing the price down to $0.0351. This would invalidate the bullish outlook and significantly affect investor sentiment.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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