The meme coin market is continuing to note gains even as the broader market remains calm, owing to the lack of volatility. Amongst the few rising coins is NEET, emerging from the shallows of small-cap tokens.
BeInCrypto has analyzed two other meme coins for investors to watch along with NEET.
FARTCOIN has seen a 12% increase today, trading at $1.24 while holding above the support level of $1.20. This uptick continues the positive trend observed in April. The meme coin’s consistent uptrend indicates growing investor interest, suggesting that its bullish momentum could carry it higher in the coming weeks.
With bullish market cues and strong support from investors, FARTCOIN is likely to breach the $1.54 resistance in the near future. It could open the door for further gains if it successfully crosses this threshold. Positive sentiment surrounding meme coins might fuel additional upward movement for FARTCOIN.
However, if FARTCOIN fails to secure the $1.20 support level, it could face a decline. A drop below this floor may push the price back down to $1.00 or lower, potentially reaching $0.91. This would invalidate the bullish outlook, and market conditions could shift, causing further losses for investors.
WIF has shown impressive performance, rising 28% in the past eight days, currently trading at $0.64. The meme coin is approaching the resistance level of $0.71, signaling the potential for further upward movement. A sustained rise could propel WIF past this key barrier, signaling a bullish continuation.
The Parabolic SAR indicator, currently positioned below the candlesticks, suggests a bullish outlook for WIF. This indicates that the current incline will likely continue, supported by the solid $0.54 support floor. With momentum building, WIF could see continued gains in the short term, providing more growth potential for investors.
If WIF successfully breaches the $0.71 resistance level, the next target will be $0.82. However, if the price fails to break this barrier, it could reverse direction and fall below the support at $0.54. A decline to $0.42 would invalidate the bullish trend and signal potential losses for traders.
NEET has seen a 30% increase in the last 24 hours, currently trading at $0.010. The altcoin is working to secure $0.010 as a support floor, which would provide a solid foundation for further upward movement. This positive price action could signal continued growth in the short term.
NEET is targeting the next major resistance at $0.012, which, if breached, would significantly boost the gains for the meme coin holders. The move towards this level reflects the altcoin’s growing momentum, driven by increasing investor confidence. A break above $0.012 could signal further price appreciation.
However, if NEET fails to secure $0.010 as a support level, it risks a decline to $0.007. A drop below this floor could lead the price even lower, potentially reaching $0.005, which would invalidate the current bullish outlook.
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