Meme coins may have a good week ahead, as Christmas could increase the popularity of memes. This may boost not only the number of joke coins but also their value.
BeInCrypto has already identified three such meme coins that could benefit from the holiday season's rise.
Animecoin (ANIME)
ANIME has risen by 62% in the last seven days, and the coin price is currently around $0.0083. The meme coin is testing the resistance level of $0.0084 after momentarily rising to an intraday level of up to $0.0092. Strong short-term sentiment indicates increasing investor interest and heightened speculative trading.
Technical indicators support further increases. The Parabolic SAR confirms an active uptrend, indicating that buyers are in control. If demand remains stable, ANIME could rise above $0.0084 and $0.0092 levels.
A continuous price rally could target the level of $0.0100 if market conditions remain favorable.
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The risk of a decline increases if sentiment weakens. As buying pressure fades, profit-taking may begin. ANIME could then drop towards the support level of $0.0069.
A drop to this level would nullify the upward expectations and indicate consolidation or corrective price movement.
Comedian (BAN)
BAN has risen by 31.4% in the last week, and the coin price is currently close to $0.090. Strong investor interest is boosting sentiment as the meme coin approaches the psychological level of $0.100. The price rally reflects improved sentiment and increased activity from short-term traders.
Technical signals support bullish prospects. Exponential moving averages indicate a developing golden cross pattern as the 50-day EMA rises above the 200-day EMA. This pattern often predicts trend continuation and could help BAN break the $0.093 level and rise towards the $0.100 target.
Profit-taking remains a significant risk. Holiday sales could interrupt the price rally as investors realize their gains. If selling pressure increases, BAN could lose its momentum. A setback could drop the price towards the support level of $0.079 and slow the continuation of the rise.
Fartcoin (FARTCOIN)
FARTCOIN has risen by 24% in the last three days and is among the strongest coins of the week. The price is around $0.303, and the meme coin is trying to recover losses from earlier in the month. The new uptrend reflects improved short-term sentiment and increased speculative interest in the meme coin segment.
FARTCOIN benefits from positive correlation with Bitcoin, which could amplify the rise as BTC stabilizes or recovers. If the connection remains, the price could rise towards $0.320. Departing from strong support could open the way for an increase towards $0.358, which followers watch as the next major resistance level.
However, correlation also increases the risk of a decline. If Bitcoin dips, the rise could quickly turn into a drop. In this case, FARTCOIN could fall below $0.280. Further weakness could push the price towards $0.244, which would nullify the upward assumption and restore broader downward pressure.
