The cryptocurrency market has been relatively stable this week, with Bitcoin, the leading currency, not experiencing any significant increases or decreases. This trend also extends to meme coins, with low volatility allowing altcoins to follow their individual paths.

BeInCrypto has analyzed three meme coins with different trajectories as market conditions improve.

Toshi (TOSHI)

TOSHI has dropped 22% this week but remains above the critical support level of $0.000331. This resistance level has helped prevent further decline, although the current downward trend has put this meme coin under pressure.

If the decline continues, TOSHI risks falling below the $0.000331 support level, potentially reaching $0.000194. Dropping to this level would cause significant losses for investors and could signal deeper market pessimism.

If TOSHI can bounce back from the $0.000331 support level, a recovery to $0.000420 is possible. If it surpasses $0.000420, TOSHI could advance to $0.000577, indicating a potential price increase. This positive price action would mark a shift in market sentiment.

Peanut the Squirrel (PNUT)

PNUT has experienced minimal price volatility, dropping 4% over the past seven days to trade at $0.163. Unlike many altcoins, it has not seen any significant increases or decreases. The price action remains relatively stable, reflecting the cautious market sentiment towards this meme coin.

PNUT may face further price decline, potentially testing support at $0.152. If the price fails to hold this level, it could drop to $0.137. This would signal increasing downward pressure, making PNUT difficult to recover unless market conditions significantly improve.

However, if PNUT can leverage a recovery and benefit from improved market sentiment, it could rise to $0.182. Successfully breaking through this resistance level would invalidate the current downward prospects.

SPX6900 (SPX)

SPX has performed exceptionally this week, recording a 26% increase. This altcoin is currently trading at $0.427 at the time of writing, positioning itself as one of the best-performing tokens.

SPX is currently testing the $0.406 support level. If it maintains this support, the altcoin could continue to rise, targeting $0.568. This would help recover losses from late February, pushing SPX towards stability and growth in the coming weeks.

If SPX fails to hold the $0.406 support level, it could face a significant decline. Dropping to $0.250 would mark a substantial decrease, reaching a five-month low. This would invalidate the price increase prospects and potentially diminish investor sentiment towards this altcoin in the future.