Meme coins have had a slow day despite the broader market showing bullishness. However, small-cap token Rekt managed to post gains, leading the joke tokens.
BeInCrypto has analyzed two other meme coins for investors to watch, assessing their potential direction and what trends may follow.
Melania Meme (MELANIA)
- Launch Date – January 2025
- Total Circulating Supply – 396.29 Million MELANIA
- Maximum Supply – 1 Billion MELANIA
- Fully Diluted Valuation (FDV) – $370.84 Million
- Contract Address – FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P
MELANIA’s price surged 7.4% in the last 24 hours, driven by anticipation surrounding the upcoming TRUMP dinner. As a meme coin tied to US President Donald Trump’s wife, MELANIA, is likely to react to events involving Trump, reflecting investor sentiment and speculation around political developments.
The meme coin is forming a bullish RSI divergence, which signals potential upward movement. This suggests MELANIA could break the $0.37 resistance level, continuing its rise and possibly reaching $0.42. The price action indicates growing optimism among investors, who expect further upward momentum based on recent trends.
However, MELANIA faces challenges if the broader market downturn persists. Should the price fail to hold above the $0.34 support, the altcoin could experience a decline, potentially slipping to $0.31. A sustained downturn would invalidate the bullish outlook, prompting profit-taking and further price weakness.
Mubarak (MUBARAK)
- Launch Date – March 2025
- Total Circulating Supply – 1 Billion MUBARAK
- Maximum Supply – 1 Billion MUBARAK
- Fully Diluted Valuation (FDV) – $58.94 Million
- Contract Address – 0x5c85d6c6825ab4032337f11ee92a72df936b46f6
MUBARAK price is up by 14% over the last 24 hours, preparing to breach the critical $0.0667 resistance level. The Parabolic SAR indicator positioned below the candlesticks provides a bullish outlook for the meme coin, suggesting that upward momentum could continue as it approaches the key resistance.
If MUBARAK manages to breach the $0.0667 barrier, it is likely to rise towards the $0.0885 resistance level. This move would signal continued gains for investors, reinforcing the current bullish sentiment and offering opportunities for further profit-taking as the price reaches new highs in the near term.
However, MUBARAK has previously struggled to breach the $0.0667 resistance level, which may pose a challenge again. If the price fails to break above this level, MUBARAK could fall back down to $0.0435. In such a scenario, the meme coin could consolidate above this support level, potentially delaying any further upward movement.
Small Cap Corner – Rekt (REKT)
- Launch Date – November 2024
- Total Circulating Supply – 420.69 Trillion REKT
- Maximum Supply – 420.69 Trillion REKT
- Fully Diluted Valuation (FDV) – $109.24 Million
- Contract Address – 0xdd3b11ef34cd511a2da159034a05fcb94d806686
REKT has emerged as the best-performing meme coin today, posting a 24.5% rise, trading at $0.000000262. The bullish momentum is driven by strong investor interest, with over 78% of its 17,525 holders owning more than $10 worth of REKT. This indicates solid support for the token’s continued uptrend.
The strong backing from investors is essential for REKT’s upward movement. Currently facing resistance at $0.000000286, breaching this level will allow the meme coin to move toward $0.000000330. A successful breakout above this resistance will likely drive further investor confidence and fuel the ongoing bullish trend.
However, if REKT fails to break through the $0.000000286 resistance, it could fall back to $0.000000199. This would reverse the recent gains and invalidate the bullish outlook. The failure to overcome this resistance level may lead to profit-taking by investors and a pullback in price.
eToro
eToro
eToro
eToro
YouHodler
Arkham
Wirex
NEXO
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.
