- Memecoin market declines by 5% on Monday as investors shift away from low-liquidity assets amid rising market volatility.
- Fartcoin emerged as the day’s top performer, soaring 15% despite the overall sector slump.
- Traders of DOGE, SHIB, and FARTCOIN should monitor key technical indicators if Bitcoin approaches the $100,000 mark.
Meme coins dropped 4.8% on Monday as volatility increased, with investors opting for the stability of Bitcoin over low-liquidity tokens.
Memecoin Market Declines as Investors Favor Bitcoin
The market for meme coins experienced a significant downturn on Monday, losing 4.8% to reach a market cap of $49.25 billion, according to CoinGecko. This sell-off coincided with increased volatility in the broader crypto landscape as investors shifted their funds towards Bitcoin, which briefly tested the $85,000 level, following a dip in positive sentiment from recent US inflation reports.
The drop in meme coin values reflects a trend where investors are moving away from low-liquidity tokens, adopting a defensive stance as they await a new catalyst for growth amid ongoing US-China trade tensions.
According to the data illustrated, Dogecoin (DOGE), the leading asset in this sector with a market cap of $23.6 billion, fell by 2.1% in the last 24 hours to $0.1589—despite an 8.5% increase over the past week. Shiba Inu (SHIB) remained relatively stable, losing only 0.3% in the same period, while Pepe (PEPE) dipped by 0.9% but remains up 13.6% weekly. Trading volumes indicate that interest is primarily centered around the top three assets, with Dogecoin reporting nearly $1 billion in 24-hour trading volume.
Technical Analysis for DOGE, SHIB, and FARTCOIN if Bitcoin Reaches $100K
Though the current market favors caution, there is potential for a rapid turnaround in investor sentiment. Should Bitcoin notably rise towards the $100,000 threshold, it might rekindle speculative rallies within the memecoin sector.
Fartcoin Shines as Search Interest Peaks
In a notable contrast to its larger counterparts, Fartcoin (FARTCOIN) experienced a remarkable 15% increase, becoming the most searched meme asset and one of the most closely monitored altcoins. Trading at $0.93 and boasting a market cap of $924 million, Fartcoin’s rise appears to be fueled by speculative interest and increasing retail attention. Despite market hesitance, Fartcoin outperformed other major tokens and managed to enter the top 100 by market capitalization.
Fartcoin Price Outlook: Potential Move to $1.06
Fartcoin’s price remains buoyant above $0.91, with the 12-hour timeframe indicating a sustained bullish trend supported by rising VWAP and mid-Bollinger Band support at $0.9188. Its price is currently testing the upper Bollinger Band at $1.0618, which suggests strong momentum without overextension. Moreover, the Parabolic SAR indicators position themselves well beneath the current price range, indicating that the bullish trend is likely to continue without reaching overbought conditions.
Should Bitcoin surpass the $100,000 mark, Fartcoin could see its rally extend beyond the $1.20 psychological level, particularly if new funds from sidelined investors start flowing into the market.
Dogecoin Price Prediction: Targeting $0.20 if Bitcoin Surges
Currently, Dogecoin’s price is consolidating around $0.1600, receiving immediate support near the Volume Weighted Average Price (VWAP) at $0.15936. This stabilization is taking place within the Keltner Channel bands, indicating a period of reduced volatility as traders take profits. The lower Keltner Channel boundary at $0.14369 is a crucial support area, while the upper boundary near $0.17777 could serve as the next target if momentum picks up again.
Shiba Inu Price Forecast: Breaking $0.000015 Resistance
Shiba Inu is maintaining a steady price at $0.000012, just below a critical resistance zone defined by converging 5, 8, and 13-day SMAs on the 12-hour SHIBUSDT chart. A bullish crossover seen last Friday indicates short-term upward momentum, but the flattening of these moving averages signals some hesitation. Should Bitcoin break $100,000 and volume increase, a decisive close above $0.000012 could validate the bullish outlook, aiming for the March high of $0.000016. Conversely, a failure to maintain above $0.00001150 could indicate a potential bearish reversal toward $0.00001050.
