The second week of December recorded a mixed trend for Meme Coin Coins, as most of them experienced double-digit declines. This development, according to the weekly summary on Meme Coin Coins, is in sync with the broader market conditions, where most Cryptocurrencies have lost their strong growth momentum recently.
Despite the price decline of Meme Coin Coins like Dogecoin (DOGE) and dogwifhat (WIF), Fartcoin (FARTCOIN) has shown a different performance.
Dogecoin (DOGE)
A few weeks ago, the Dogecoin price seemed ready to reach the $1 mark. However, this week the situation has changed as the value of the Meme Coin Coin decreased by 10%.
According to the 4-hour chart, the devaluation of DOGE may be related to an increase in distribution. Specifically, the Money Flow Index (MFI), an indicator that measures buying and selling pressure in the market, has dropped from 75.57 to 24.12.
This decline suggests that some DOGE holders have taken profits from the previous week's price increase. As of now, the trading volume around DOGE has decreased, indicating that the recovery period has not yet arrived.
If this trend continues, the Dogecoin price may slip further. At this point, it could drop deeply to the $0.37 level. However, if Meme Coin Coin accumulation increases, this could change, and Dogecoin may have the potential to continue its race towards the $1 threshold.
dogwifhat (WIF)
Similar to Dogecoin, the WIF price also declined this week. However, the WIF decline was a 25% correction due to increased selling pressure. On the daily chart, the TinTucBitcoin weekly Meme Coin Coin summary noted that WIF has formed a head and shoulders pattern.
The head and shoulders pattern is a bearish reversal signal, indicating that the value of a Cryptocurrency may continue to slide further. In this context, the price of the Meme Coin Coin Solana could drop to the $1.88 level.
However, if the bulls defend the support around $2.35, this prediction may not materialize. In that scenario, the Meme Coin Coin value could surge to $3.93.
Fartcoin (FARTCOIN)
While Meme Coin Coins like DOGE and WIF experienced declines, Fartcoin, a cryptocurrency that is attracting market attention, has surged. Based on the daily chart, the FARTCOIN price has increased by 200% from December 8 to the present.
This significant price increase may be related to the growing optimism surrounding AI agents. It's worth noting that Fartcoin is one of the Meme Coin Coins developed due to a post by Truth Terminal.
From a technical perspective, the trading volume around the Meme Coin Coin has decreased, suggesting that the cryptocurrency may undergo a correction. If this is confirmed, the price of FARTCOIN could drop to $0.41.
Conversely, if buying pressure increases, this trend could change. In that scenario, the FARTCOIN price could surge to $0.78.
