The meme coin market is expected to enjoy next week due to the Christmas season, which could lead to a rise in memes, in turn potentially increasing not only the values of the meme tokens but also their overall worth.
BeInCrypto has already identified three meme coins that could benefit from gains during this Christmas season.
AnimeCoin (ANIME)
ANIME has risen by 62% over the past seven days, trading near $0.0083 at the time of writing this report. The meme coin is testing the resistance level at $0.0084 after briefly jumping to $0.0092 during the day. The strength of the short-term momentum reflects growing interest from investors and speculative activity.
Technical indicators supported further upward movement. The Parabolic SAR indicator confirmed an active upward trend, indicating buyer dominance. If demand continues, ANIME may break the levels of $0.0084 and $0.0092.
The ongoing rise targeted the level of $0.0100, expanding gains under favorable market conditions.
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The risk of a downturn continues if momentum weakens. Failure to maintain buying pressure could lead to profit-taking. In this case, ANIME may pull back towards support at $0.0069.
The move towards this level negated the positive outlook and signaled a return to a consolidation state or corrective price movement.
Comedian (Pan)
BAN rose by 31.4% over the past week, trading near $0.090 at the time of this report. Strong investor interest drove momentum as the meme coin approaches the psychological level of $0.100. The rise reflects improved sentiment and increased trader participation in the short term.
Technical signals supported the positive scenario. The exponential moving averages showed a golden cross with the 50-day EMA crossing above the 200-day EMA. This pattern often precedes trend continuation and may help BAN break $0.093 and advance towards the target of $0.100.
Profit-taking remains a major risk. Selling by investors during holidays to secure profits may halt the rise. If selling pressure increases, BAN may struggle to maintain momentum. A pullback could push the price towards support at $0.079, delaying further upward progress.
Fart Coin (FARTCOIN)
FARTCOIN gained 24% over the past three days, topping the list of best-performing coins this week. It trades near $0.303, and the meme coin is trying to recover losses incurred earlier this month. The renewed momentum reflects an improvement in short-term investor sentiment and increased interest in speculation across the meme coin sector.
FARTCOIN benefits from a positive correlation with Bitcoin, which could increase the chances of an upward move during BTC stability or recovery. If this correlation continues, the price could advance towards $0.320. Continued strength may pave the way for movement towards $0.358, which is the next major resistance level traders are watching.
The correlation also adds downward risk. A decline in Bitcoin could quickly reverse gains. In this scenario, FARTCOIN may fall below $0.280. Additional weakness could push the price towards $0.244, negating the positive outlook and reinstating broader selling pressure in the market.
