The crypto market is cooling down after an intense rally, and this shift is impacting meme coins. While some joke tokens experienced significant rallies, others are now facing losses.
BeInCrypto has analyzed three meme coins for investors to watch, predicting their likely direction.
Neiro (NEIRO)
- Launch Date – August 2024
- Total Circulating Supply – 420.69 Billion NEIRO
- Maximum Supply – 420.69 Billion NEIRO
- Fully Diluted Valuation (FDV) – $239.67 Million
- Contract Address – 0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee
NEIRO experienced a 41% rally, becoming one of the best-performing meme coins today. Currently trading at $0.000591, the altcoin is approaching a critical resistance level. This key barrier has proven difficult for NEIRO in the past, particularly during a retest in February.
The resistance at $0.000611 halted NEIRO’s upward momentum in February, making it a crucial level for the meme coin. If NEIRO successfully breaches this resistance, it would end a three-month wait for investors and could propel the price to $0.000760, unlocking significant potential.
However, if NEIRO fails to break the $0.000611 barrier once again, the price may experience a decline. A drop to $0.000439 is likely, potentially invalidating the bullish outlook and erasing much of the recent gains made by the meme coin.
Cheems (CHEEMS)
- Launch Date – October 2024
- Total Circulating Supply – 203.67 Trillion CHEEMS
- Maximum Supply – 219.77 Trillion CHEEMS
- Fully Diluted Valuation (FDV) – $363.90 Million
- Contract Address – 0x0df0587216a4a1bb7d5082fdc491d93d2dd4b413
CHEEMS has risen by 15.87%, reaching a one-and-a-half-month high. The meme coin’s month-long uptrend has shifted its momentum, bringing its price to $0.000001795. This growth reflects a change in market sentiment, positioning CHEEMS for further potential.
The Ichimoku Cloud now sits below the candlesticks, signaling that bullish momentum is likely to gain strength. If this trend continues, CHEEMS could rise to $0.000002068, recovering losses from March and solidifying its upward trajectory.
However, should profit-taking occur, CHEEMS may fall below $0.000001689, potentially dropping to $0.000001513. This would invalidate the bullish outlook and slow its growth.
Small Cap Corner – Lofi (LOFI)
- Launch Date – November 2024
- Total Circulating Supply – 1 Billion LOFI
- Maximum Supply – 1 Billion LOFI
- Fully Diluted Valuation (FDV) – $53.37 Million
- Contract Address – 0xf22da9a24ad027cccb5f2d496cbe91de953d363513db08a3a734d361c7c17503::LOFI::LOFI
Another one of the meme coins to watch, LOFI has risen by 19%, with a market capitalization of $53.37 million. Despite this, the meme coin has not yet secured its place in the market. Rugcheck analysis shows a low number of liquidity providers, with the creators’ balance fully sold.
Since the start of the month, LOFI has seen an 81% rise, currently trading at $0.0530. The altcoin is facing resistance at $0.0600. The Parabolic SAR dots below the candlesticks suggest that bullish momentum could persist, potentially driving LOFI towards $0.0750 if it breaks the resistance.
However, if LOFI fails to breach the $0.0600 resistance, it could fall to $0.0402. This would invalidate the bullish outlook and could result in further price declines.
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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.
