The memecoin market has dropped by 10.8% over the past seven days, bringing the total value of joke tokens to now at $69.5 billion. This sharp drop is a warning sign for investors looking to buy meme coins.
However, Beincrypto has analyzed three meme coins for viewers to see that could still make a comeback due to market changes.
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Toshi (Toshi)
Toshi Price was acquired by a handful of Meme Coins this week, up 20.8% over the past seven days. The token is currently trading at $0.00075, and this level serves as an important support for defining the direction of Altcoin’s short-term price.
The 50-day EMA, located under candlesticks, shows that bullish momentum remains alive. If Toshi is successful, the token could rebound to $0.00086. Maintaining this climb gives you room to push higher and try $0.00098, marking another strong move in the meme coin.
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However, if bear pressure is built up or investors choose to sell, the risk remains. Toshi could lose $0.00075 in support and expose the token to the downside more. The breakdown could potentially send the price to $0.00068.
Memecore(m)
M prices have been stable compared to other meme coins this week, avoiding major losses. The token is trading at $2.56, outperforming the main support of $2.39. This resilience suggests that M investors are defending the level, and could shape the coin’s next move.
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If the M bounces off $2.39, it will need a 24.9% increase to reach its all-time high of $2.99. The parabolic SAR indicator is currently under the candlestick, indicating that bullish momentum is being built.
However, if investor sentiment changes, M could fall below $2.39. This breakdown could further reduce the token and potentially drop below $2.17. Such a move negates bullish papers and creates new bear pressure on the outlook for memecoin.
fartcoin (fartcoin)
Fartcoin faced serious losses this week, falling 24.29%, ranked among the worst-performing Altcoins. Despite the sudden decline, investors’ potential silver lining remains.
The relative strength index (RSI) has approached the overselling threshold, which historically indicates an opportunity for asset rebound. As momentum changes, Fartcoin bounces off its support level of $0.600, targeting $0.678 and potentially $0.732.
These benefits provide relief to holders seeking a recovery after a recent sharp decline.
However, as bearish momentum continues to weigh tokens, Fartcoin’s risk falls below the $0.600 support level. Such a move could expose the coin to further downside pressure and potentially slide to $0.500. This decline would invalidate bullish papers and extend the losses of memecoin investors.
