The meme coin market could benefit from Christmas in the coming week, which may lead to an increase in memes. This could result in not only joke tokens but also their value rising.
BeInCrypto has already found three such meme coins that could make profits during Christmas.
Animecoin (ANIME)
ANIME has increased by 62% over the past seven days and is currently trading around $0.0083. The meme coin is testing resistance at $0.0084, after briefly touching $0.0092 earlier. Strong short-term momentum indicates that there is more interest from investors and that more speculation is occurring.
Technical indicators still indicate upward potential. The Parabolic SAR confirms an ongoing upward trend, meaning that buyers are in control. If demand remains high, ANIME could surpass $0.0084 and $0.0092.
A sustained increase could bring the price towards the $0.0100 level, especially if market conditions remain favorable.
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There remains a risk of a decline if momentum weakens. If buying decreases, investors may take profits, causing ANIME to fall back to support at $0.0069.
If ANIME moves to this level, the bullish expectation will be nullified, and it is possible for the price to move sideways or correct.
Comedian (BAN)
BAN has risen by 31.4% over the past week and is around $0.090 at publication. Strong interest from investors creates momentum as the meme coin approaches the psychological level of $0.100. The rise shows that sentiment is improving and that more short-term traders are entering.
Technical signals support the positive scenario. Exponential moving averages show an emerging golden cross: the 50-day EMA crosses above the 200-day EMA. This pattern often indicates a continuing trend and can help BAN to break $0.093 and rise further to the target of $0.100.
Taking profits remains an important risk. Selling during the holidays may interrupt the rise when investors secure their profits. If selling pressure increases, BAN may struggle to maintain momentum. A pullback could send the price to support at $0.079 and slow further increases.
Fartcoin (FARTCOIN)
FARTCOIN has risen by 24% in three days and is one of the strongest gainers this week. The coin is trading around $0.303 and is trying to recover losses from earlier this month. The new upward momentum indicates that short-term sentiment is improving and speculation on meme coins is rising.
FARTCOIN benefits from a positive correlation with Bitcoin, which can enhance its upward potential during stability or recovery of BTC. If this relationship holds, the price could move towards $0.320. With sustained strength, a further increase towards $0.358 is possible, which is the next key resistance level that traders are watching.
Due to this correlation, there is also a downside risk. When Bitcoin drops, profits can quickly vanish. In such a situation, FARTCOIN could drop below $0.280. Further weakness could send the price towards $0.244, nullifying the bullish expectation and placing the price under broader downward pressure.
