Smart Money Wallets have been accumulating JoeToken (JOE), AI Rig Complex (ARC), and Mochi (MOCHI) despite the recent market crash. JOE saw nearly $44,000 in buys over the past week, while ARC attracted more than $32,000, even as its price dropped over 67%.
Meanwhile, MOCHI has faced a sharp 45% correction in the last seven days, but Smart Money still purchased $9,000 worth in the last 24 hours. Whether these tokens can recover or continue to decline will depend on key support and resistance levels in the coming days.
JoeToken (JOE)
JoeToken (JOE) is the native utility and governance token of the Trader Joe ecosystem, the leading decentralized exchange (DEX) on the Avalanche network.
Despite recent market fluctuations, Smart Money wallets have shown interest, purchasing nearly $44,000 worth of JOE in the last seven days. This accumulation suggests that some investors see potential in the token, even as its market cap hovers around $70 million.
If an uptrend develops, JOE could rise toward the $0.189 resistance level, with further breakouts potentially pushing it to $0.215 and even $0.243.
However, if the current downtrend continues, JOE may test support at $0.169, and a breakdown below that level could send it below $0.16.
AI Rig Complex (ARC)
ARC is developing the Rig framework, an open-source tool built in Rust that enables developers to create portable, modular, and lightweight AI agents.
Despite a sharp decline of over 67% in the past seven days and an additional 12% drop in the last 24 hours, Smart Money wallets have accumulated more than $32,000 worth of ARC. This suggests that some investors see the potential for a rebound despite the recent heavy correction.
If the downtrend continues, ARC could test the support at $0.072, which would be a crucial level to hold. However, if the trend reverses – as Smart Money activity hints – ARC could climb toward the $0.0956 resistance level.
A breakout above that could open the door for further gains to $0.13 and even $0.167, representing a potential 110% upside.
Mochi (MOCHI)
Mochi, a meme coin on the Base chain, has seen increased interest from Smart Money wallets, which bought nearly $9,000 worth in the past 24 hours.
Despite this, its price is facing a sharp correction, down 16% in the last day and nearly 45% over the past week. With its market cap now at $10.75 million, traders are watching whether MOCHI can regain momentum or continue its decline.
If MOCHI manages to recover and meme coins make a rebound, it could test resistance at $0.0000159, with further breakouts potentially pushing it toward $0.0000195 and $0.0000247.
However, the $0.000011 support level is crucial – if it is tested and lost, MOCHI could drop below $0.000010 for the first time since mid-January.
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Disclaimer
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