The meme coin market continues to capture investor interest despite significant volatility. Popcat, once a high-flying meme coin, is down nearly 70% from its all-time high (ATH) of $2.00, sitting at $0.5346.
Meanwhile, SPX6900, GigaChad, and WEPE are emerging as strong contenders for the meme coin “Supercycle” expected in 2025.
Is Popcat poised for recovery, and could these other tokens be the best meme coins to watch next year? Let’s break it down.
Popcat’s Decline: A Recovery in Sight?
Price Action and Key Levels
Popcat reached its ATH with a market cap of $2.1 billion, driven by massive hype and bullish sentiment. Since then, it has suffered a dramatic sell-off, breaking below critical support levels:
- Current Price: $0.5346
- Next Support: $0.3763
- Key Resistance: $0.6623
Popcat’s 200-day moving average (MA) hovers above the current price at $0.9571, confirming a bearish trend. Attempts to reclaim this level have failed, emphasizing weak momentum. Trading volume has spiked during the decline, reflecting heightened selling pressure.
Recovery Potential
For a meaningful recovery, Popcat must:
- Hold Above $0.5346: A breach could lead to a further decline to $0.3763.
- Break Resistance Levels: Reclaiming $0.6623 and surpassing the 200-day MA at $0.9571 would signal renewed bullish momentum.
Despite the struggles, Popcat has demonstrated resilience in the past. Bulls remain optimistic that the coin could recover, as it has bounced back from similar downturns before.
SPX6900 and GigaChad: Ready to Surge?
SPX6900: Parody with Potential
SPX6900, a parody of the S&P 500 index, has gained traction with its meme-driven narrative and strong community support. After reaching a $1.5 billion market cap, SPX has corrected by 27% and is trading at $1.17.
Key Factors to Watch:
- Support Levels: Holding above $1.00 is critical to prevent further declines.
- Upside Potential: A rally back to $2.00 is plausible if sentiment improves.
- Community Strength: Social media buzz and a strong community continue to support SPX’s long-term growth.
GigaChad: A Meme Coin with Momentum
GigaChad has shown impressive strength, achieving 12 consecutive months of gains. Currently supported at $680 million, GigaChad appears poised for another move higher if it maintains its momentum.
Technical Outlook:
- Resistance Levels: Targets include $800 million and beyond.
- Support: A break below $680 million could lead to a retest of the 100-day MA at $530 million. Further downside might bring the price toward $300 million.
- RSI Neutrality: The RSI is near 50, suggesting neither bulls nor bears dominate the market.
WEPE: The Dark Horse?
While not mentioned in detail, WEPE is also gaining traction in the meme coin ecosystem. With strong community backing and potential for growth, it could become a contender in the 2025 meme coin race.
The Meme Coin “Supercycle” in 2025
Meme coins thrive on hype, community support, and market sentiment. With many analysts predicting a broader “Supercycle” in 2025, SPX6900 and GigaChad appear well-positioned to benefit. Popcat, while facing challenges, remains a wildcard for those willing to take on higher risk.
Which Meme Coins to Watch?
- Popcat: High risk but potential recovery if it reclaims key resistance levels.
- SPX6900: Strong community and promising technical setup could lead to significant upside.
- GigaChad: Sustained momentum and support levels suggest it’s a strong candidate for 2025.
- WEPE: An under-the-radar meme coin with potential for growth.
For investors, diversification within the meme coin space may offer a chance to capitalize on the upcoming “Supercycle.”
