Meme coins could not escape the brunt of the broader market’s bearish cues as they suffered considerably. However, Useless Coin managed to make the most of the situation as it neared a new all-time high, for the second time in a week.
BeInCrypto has analysed two other meme coins for investors to watch, which could be looking at recovery should bearish cues dissipate.
Neiro (NEIRO)
- Launch Date – August 2024
- Total Circulating Supply – 420.69 Billion NEIRO
- Maximum Supply – 420.69 Billion NEIRO
- Fully Diluted Valuation (FDV) – $141.18 Million
- Contract Address – 0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee
NEIRO has fallen by 26.8% over the past 12 days due to rising global tensions. The meme coin is currently trading at $0.000337 and holding above the support level of $0.000295. This price action suggests that NEIRO may be preparing for a potential reversal if market conditions improve.
The strong correlation of 0.87 between NEIRO and Bitcoin means that while NEIRO follows BTC’s decline, it also benefits when Bitcoin’s price rises. As Bitcoin recovers, NEIRO is expected to rise back above the $0.000386 resistance level. This correlation could provide the momentum for a price rebound.
However, if geopolitical tensions continue to escalate, NEIRO could experience further declines. In such a case, the price may fall back to the $0.000295 support level. A drop below this level would invalidate the bullish outlook, signaling further weakness for the altcoin.
Popcat (POPCAT)
- Launch Date – December 2023
- Total Circulating Supply – 979.97 Million POPCAT
- Maximum Supply – 979.97 Million POPCAT
- Fully Diluted Valuation (FDV) – $260.49 Million
- Contract Address – 7GCihgDB8fe6KNjn2MYtkzZcRjQy3t9GHdC8uHYmW2hr
POPCAT has dropped by 37.6% over the past 12 days, currently trading at $0.264. The recent downturn mirrors the market-wide trend, driven by global uncertainty. Despite the decline, POPCAT is holding above key support levels, suggesting it may have potential for a price rebound if conditions improve.
Despite the recent crash, the Ichimoku Cloud is showing strong bullish momentum for POPCAT. This indicates that the meme coin may still have a chance to recover and move toward the $0.342 resistance level. The indicator’s strength suggests that POPCAT could regain lost ground, depending on broader market sentiment.
However, if tensions between the U.S. and Iran escalate, the crypto market could suffer significant losses. In this case, POPCAT could fall to the $0.244 support level, which would invalidate the current bullish outlook. A drop below this price would signal a deeper bearish trend for the meme coin.
Small Cap Corner – Useless Coin (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
USELESS is up 35% after dropping to an intra-day low of $0.074 on Sunday. Currently trading at $0.100, the meme coin has remained resilient even amid the broader crypto market downturn. Its ability to bounce back highlights strong investor interest despite challenging conditions in the market.
Last week, USELESS formed a new all-time high (ATH) at $0.119, and it’s now 18.6% away from breaching the resistance level and forming a new ATH beyond $0.120. This indicates a strong upward trend for the meme coin, with continued positive momentum potentially leading to higher price levels in the short term.
However, if investors panic and sell their holdings, USELESS could fall to the support level of $0.066. A drop to this level would invalidate the current bullish outlook, erasing recent gains and signaling a potential reversal in the altcoin’s price movement.
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.
