The meme coin market is expected to be vibrant next week due to Christmas, as memes become more prominent. This not only helps to increase the number of entertainment tokens but their value could also benefit.
BeInCrypto has selected three meme coins with growth potential this Christmas season.
Animecoin (ANIME)
ANIME has increased by 62% in the past seven days, currently trading near the level of 0.0083 USD at the time of writing. This meme coin is testing the resistance level of 0.0084 USD after surging to 0.0092 USD during the day. Strong short-term momentum indicates growing interest from retail investors and speculative activity is also on the rise.
All technical indicators support the possibility of continued price increases. The Parabolic SAR confirms that the upward trend is being maintained, showing that the buying side is in control. If demand remains strong, ANIME could surpass the levels of 0.0084 USD and 0.0092 USD.
If the upward momentum remains strong, the price could head towards the area of 0.0100 USD, especially under favorable market conditions.
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Adjustment risk remains present if the strong trend weakens. If buying pressure does not sustain, retail investors taking profits could cause the price to drop to the support area of 0.0069 USD.
If the price returns to this area, the positive assessment will lose validity, and ANIME may return to a consolidation state or need further adjustment.
Comedian (BAN)
BAN has increased by 31.4% in the past week and is currently trading around 0.090 USD at the time of writing. The appeal from retail investors is helping this meme coin approach the psychological milestone of 0.100 USD. The upward trend reflects improved market sentiment as well as more short-term investors participating.
Technical signals continue to support the bullish scenario. The Exponential Moving Average (EMA) indicates a golden cross pattern is about to form, with the 50-day EMA crossing above the 200-day EMA. This pattern typically signals that the upward trend will continue, supporting BAN to exceed 0.093 USD to reach the target of 0.100 USD.
Taking profit is still a significant risk. The holiday season may increase selling pressure, disrupting the upward momentum as investors take profits. If selling pressure increases significantly, BAN may not maintain its upward momentum. The price could retreat to the support level of 0.079 USD, delaying the upward trajectory.
Fartcoin (FARTCOIN)
FARTCOIN has risen by 24% in the last three days, becoming one of the strongest gaining coins of the week. Currently, FARTCOIN is trading around 0.303 USD and is striving to recover from the decline earlier this month. New momentum indicates that short-term sentiment is improving, and the meme coin sector is also attracting more interest from speculators.
FARTCOIN is benefiting from a positive correlation with Bitcoin, meaning that when Bitcoin stabilizes or recovers, the price of FARTCOIN often performs better. If this correlation continues, the price may head towards the 0.320 USD mark. If buying pressure remains strong, FARTCOIN could also advance towards the resistance area of 0.358 USD that traders are monitoring.
However, this correlation also has a downside. If Bitcoin declines, the advantage could turn around very quickly. At that point, FARTCOIN could drop below the 0.280 USD area. If the negative trend persists, the price could even drop further to the 0.244 USD zone, rendering the optimistic assessment invalid and clearly returning to a downward trend.
