Meme coins made it through the cloud of uncertainty and posted gains over the last 24 hours. Leading the rally was Animecoin, which showed a 23% rise. However, the ratio of gainers vs losers resulted in the meme coin market cap standing at $66.33 billion, which is virtually unchanged.
BeInCrypto has analysed two more meme coins for investors to watch as they managed to post gains today.
Animecoin (ANIME)
- Launch Date – January 2025
- Total Circulating Supply – 5.53 Billion ANIME
- Maximum Supply – 10 Billion ANIME
- Fully Diluted Valuation (FDV) – $332.56 Million
- Contract Address – 0x37a645648df29205c6261289983fb04ecd70b4b3
ANIME is leading meme coins with a 23% rise in the last 24 hours, now trading at $0.033. The meme coin is currently facing resistance at $0.033. Despite the rise, investors are uncertain whether the altcoin will break past this resistance or see a reversal, as the market remains unpredictable.
The Relative Strength Index (RSI) for ANIME is approaching the overbought threshold, which historically signals a price correction. As the RSI nears this level, past trends suggest that ANIME could experience a reversal, with selling from investors potentially accelerating the decline. This could result in lower prices in the short term.
However, if investors decide to hold rather than sell, and broader market conditions support this decision, ANIME could break through the $0.033 barrier. A successful move past this resistance would open the door for ANIME to rise toward $0.043, negating the bearish outlook and triggering further gains.
Melania Meme (MELANIA)
- Launch Date – January 2025
- Total Circulating Supply – 389.91 Million MELANIA
- Maximum Supply – 1 Billion MELANIA
- Fully Diluted Valuation (FDV) – $352.67 Million
- Contract Address – FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P
MELANIA has been struggling with a month-and-a-half-long downtrend, but it has shown a 9% rise in the last 24 hours. Trading at $0.35, the altcoin is attempting to breach its downtrend. However, the overall market sentiment and resistance suggest that further upward movement may be difficult to sustain.
The Ichimoku Cloud sits above the candlesticks, indicating that bearish momentum is gaining strength. This could hinder MELANIA’s attempts to break the downtrend. With the increasing bearish pressure, the meme coin may face a pullback, potentially dropping towards the support level of $0.31.
If MELANIA successfully breaches the downtrend and flips the $0.37 level into support, it could signal a bullish breakout. This move would pave the way for the meme coin to rise toward $0.42. However, the key lies in maintaining upward momentum and overcoming resistance levels.
Small Cap Corner – HarryPotterObamaSonic10Inu (BITCOIN)
- Launch Date – July 2023
- Total Circulating Supply – 999.79 Million BITCOIN
- Maximum Supply – 1 Billion BITCOIN
- Fully Diluted Valuation (FDV) – $79.75 Million
- Contract Address – 0x72e4f9f808c49a2a61de9c5896298920dc4eeea9
BITCOIN saw a modest 3.7% rise, trading at $0.077. Although the meme coin reached $0.081 during an intra-day surge, it struggled to maintain this level. This price action suggests some volatility and mixed sentiment, keeping the coin from securing consistent upward momentum.
The Bollinger Bands are currently squeezing, indicating that significant volatility may be approaching for BITCOIN. If broader market conditions remain bullish, the meme coin could stabilize and secure the $0.081 support level, setting the stage for potential further gains. The tightening bands suggest price movement in either direction.
If the broader market turns bearish, BITCOIN may lose the $0.071 support, opening the door to further declines. A slip to $0.064 could occur, invalidating the bullish outlook and potentially causing investors to exit the position. The market’s mood will heavily influence the coin’s price trajectory.
The post ANIME Fights Market Vows With 23% Rise | Meme Coins To Watch Today appeared first on BeInCrypto.
Read the full article here
