The meme coin market may show a positive trend during the upcoming Christmas week. This is because memes can surge during this time. Accordingly, not only simple joke tokens but also their value may rise.
BeInCrypto has already selected three meme coins that could be profitable this Christmas.
AnimeCoin (ANIME)
ANIME has risen by 62% over the last 7 days, trading around $0.0083 at the time of writing. This meme coin once soared to $0.0092 and is testing the $0.0084 resistance level. Strong short-term momentum indicates increased investor interest and expanded speculative trading.
Technical indicators suggest the potential for further increases. The Parabolic SAR indicator confirms the upward trend and indicates that buying pressure is prevailing. If demand continues, ANIME may break through $0.0084 and $0.0092.
If the upward trend continues, it could aim for a level around $0.0100, and further increases may extend in a favorable market environment.
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If momentum weakens, the risk of decline persists. If buying pressure fails to sustain, investors may trigger profit-taking sell-offs. In such cases, ANIME could drop to the support level of $0.0069.
If it falls to this level, the bullish scenario is invalidated, and it may indicate that the price is consolidating at the bottom or transitioning into a correction phase.
BAN
BAN rose 31.4% last week and is trading around $0.090 at the time of writing. This meme coin is approaching the psychological resistance level of $0.100, driven by strong investor interest. This rally reflects improved investment sentiment and increased participation from short-term investors.
Technical signals support the bullish scenario. The exponential moving average is forming a golden cross, where the 50-day line is crossing above the 200-day line. This pattern often appears before a sustained upward trend, suggesting that BAN could break above $0.093 and aim for a target of $0.100.
Profit-taking sell-offs remain a major risk. Selling pressure ahead of the holidays could temporarily pause the upward trend. If selling pressure intensifies, BAN may fail to maintain momentum and experience a bearish reversal. If a correction occurs, it could drop to the support level of $0.079, delaying further increases.
FARTCOIN
FARTCOIN has risen 24% over the past three days, making it one of the bullish stocks this week. This meme coin, trading around $0.303, is trying to recover the losses recorded earlier this month. The recent momentum recovery indicates an improvement in short-term sentiment and an increase in speculative interest within the meme coin sector.
FARTCOIN has the advantage of potentially increasing its gains when BTC consolidates or rebounds due to its positive correlation with Bitcoin. If this correlation holds, the price could rise to $0.320. Further increases may test the next major resistance at $0.358.
Correlation also carries a risk of decline. In the event of a price correction in Bitcoin, FARTCOIN's gains could be immediately forfeited. In such cases, FARTCOIN could drop below $0.280. If further declines occur, it may fall to $0.244, at which point the bullish scenario would be invalidated, and downward pressure could intensify.
