Following the broader crypto market’s cues, most meme coins recorded losses today. However, some found stability, offering a chance for recovery, while a small group, including Ava AI, managed to rally.
BeInCrypto has analyzed two more such meme coins for investors to watch and to determine which direction they could take going forward.
Fartcoin (FARTCOIN)
- Launch Date – October 2024
- Total Circulating Supply – 999.99 Million FARTCOIN
- Maximum Supply – 1 Billion FARTCOIN
- Fully Diluted Valuation (FDV) – $1.34 Billion
- Contract Address – 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
FARTCOIN’s price has dropped 13% over the past five days after failing to break the $1.54 resistance. Despite this decline, positive signs are emerging, hinting at potential recovery for the meme coin as market conditions evolve.
Bollinger Bands indicate FARTCOIN is nearing a squeeze, signaling upcoming volatility. The candlestick below the basis line suggests this volatility may drive a price rise, potentially pushing FARTCOIN back toward or above the $1.54 resistance level.
However, if bearish momentum dominates, FARTCOIN could continue its downward trend. A decline to $1.20 would invalidate the bullish outlook, signaling increased selling pressure and further losses for investors.
Melania Meme (MELANIA)
- Launch Date – January 2025
- Total Circulating Supply – 398.91 Million MELANIA
- Maximum Supply – 1 Billion MELANIA
- Fully Diluted Valuation (FDV) – $341.11 Million
- Contract Address – FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P
MELANIA has been in a downtrend for the past month, currently trading at $0.341. This decline has limited the meme coin’s ability to gain upward momentum and attract new buyers amid broader market challenges.
However, the MACD indicates that bullish momentum remains intact, avoiding a bearish crossover. This technical strength could support MELANIA’s price when market conditions improve, helping it flip $0.372 into support and target a rise toward $0.424.
If MELANIA falls below the $0.344 support level, it risks dropping to $0.314. Such a move would invalidate the bullish outlook and likely prolong losses for investors holding the altcoin.
Small Cap Corner – Ava AI (AVA)
- Launch Date – November 2024
- Total Circulating Supply – 998.86 Million AVA
- Maximum Supply – 1 Billion AVA
- Fully Diluted Valuation (FDV) – $55.25 Million
- Contract Address – DKu9kykSfbN5LBfFXtNNDPaX35o4Fv6vJ9FKk7pZpump
AVA was one of the best-performing meme coins today, rising 14% despite broader market declines. With nearly 54,800 holders, Nansen’s data shows some accumulation by investors. This growing interest signals positive momentum for AVA amid challenging market conditions.
Bullish cues could help AVA hold $0.052 as support, a key level for further gains. Maintaining this support may enable the meme coin to recover losses and target a breakout above $0.067, signaling renewed investor confidence.
However, the 50-day EMA currently acts as resistance, indicating short-term bearish pressure. If AVA falls below the $0.052 support, it could drop to $0.044, invalidating the bullish outlook and suggesting further downside risk for traders.
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.
