Meme Surge 73% After Hitting New All-Time Dip | Today's Notable Meme Coins

The meme coin market is seeing heightened investor interest, helping some tokens recover from their All-Time-Low (ATL). Memecoin (MEME) is one of the tokens that has avoided a new ATL and has also significantly increased by 73%.

BeInCrypto has analyzed two other meme coins that have performed well in the past day, making them important tokens to watch.

Memecoin (MEME)

• Launch Date – November 2023
• Circulating Supply – 43.11 Billion MEME
• Max Supply – 69 Billion MEME
• Fully Diluted Valuation (FDV) – $135.37 Million

MEME had a challenging week, touching a new All-Time-Low at $0.00137. However, this altcoin has strongly recovered, increasing 38% in the past 24 hours to trade at $0.00196. This growth marks a significant recovery, driven by new interest in meme coins.

MEME's recent price increase was driven by a sudden surge in interest in humorous tokens, reaching a high of 73% for the day. To maintain its upward momentum, MEME needs to overcome and convert the $0.00228 resistance level into support, a crucial level to maintain upward momentum.

If MEME experiences profit-taking from investors, it could reverse and drop back to the All-Time-Low of $0.00137. A decline below this level would invalidate the price increase prospects and signal further challenges for the meme coin.

Bone ShibaSwap (BONE)

• Launch Date – July 2021
• Circulating Supply – 249.89 Million BONE
• Max Supply – 250 Million BONE
• Fully Diluted Valuation (FDV) – $71.67 Million

BONE has impressively increased by 18.5% in the past 24 hours, trading at $0.285. This altcoin is currently below the important resistance level of $0.295. With recent momentum, it seems ready to break through this level, signaling a potential upward trend for the token in the near future.

Converting the $0.295 resistance level to support would open opportunities for BONE to target the next major resistance at $0.348. A strong push above this level could boost more optimistic sentiment, driving the token to even higher prices.

However, if BONE fails to break through $0.295, the price increase momentum may fade. A decline from this point could bring the meme coin back to $0.232, invalidating the optimistic prospects. Such a reversal could create caution among investors, delaying potential price increases.

Small Market Cap Corner – Comedian (BAN)

• Launch Date – April 2024
• Circulating Supply – 999.96 Million BAN
• Max Supply – 1 Billion BAN
• Fully Diluted Valuation (FDV) – $40.54 Million

BAN, a small market cap token, has attracted investor attention, increasing nearly 25% in the past 24 hours to trade at $0.040. This growth emphasizes the growing interest in the meme coin market, with BAN standing out despite its smaller market capitalization.

Inspired by the famous banana taped to a wall, BAN gained popularity after being purchased by Tron founder Justin Sun for $6.2 million last year. If the token continues its upward trend, it could break through the $0.045 barrier and potentially convert it to support, securing its gains.

However, if it fails to overcome the $0.045 resistance level, it could lead to a drop back to $0.032. If this occurs, it would invalidate the price increase prospects and erase recent gains, putting investors on alert for further price declines.