Following the broader cryptocurrency market trend, most meme coins recorded losses today. However, some found stability, and a few, including Ava AI, successfully rebounded.
BeInCrypto has analyzed two additional meme coins for investors to help determine their future direction.
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 through the $1.54 resistance. Despite this decline, positive signals are emerging, suggesting the possibility of a meme coin recovery as market conditions change.
The Bollinger Bands indicate that FARTCOIN is approaching compression, suggesting imminent volatility. Candlesticks below the baseline suggest this volatility could drive price increases and potentially push FARTCOIN back to the $1.54 resistance level.
However, if the downtrend remains dominant, FARTCOIN could continue its decline. A drop to $1.20 would invalidate the bullish outlook and potentially cause 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 showing a downward trend over the past month and is currently trading at $0.341. This decline has limited the meme coin's upward momentum and struggled to attract new buyers amid broader market challenges.
However, the MACD indicates that upward momentum is still maintained, avoiding a bearish crossover. This technical strength could support MELANIA's price when market conditions improve, potentially converting $0.372 to a support level and targeting a rise to $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 extend losses for altcoin investors.
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 is one of today's best-performing meme coins, rising 14% despite broader market decline. With approximately 54,800 holders, Nansen's data shows some investors accumulating. This increasing interest suggests a positive momentum for AVA even in challenging market conditions.
The upward signal could help AVA maintain $0.052 as a support level, which is crucial for potential further gains. Maintaining this support could help the meme coin recover losses and target a breakthrough above $0.067, potentially restoring investor confidence.
However, the 50-day moving average is currently acting as resistance, indicating short-term downward pressure. If AVA falls below the $0.052 support level, it could drop to $0.044. This could lead to a price reversal, suggesting additional downside risk for traders.
