The second week of December saw mixed fluctuations for Meme Coins, with the majority of them experiencing double-digit declines. This development, according to Meme Coin Coin’s weekly roundup, is in line with broader market conditions, in which most Cryptocurrencies have lost their recent strong growth momentum.
Despite the falling prices of Meme Coins like Dogecoin (DOGE) and dogwifhat (WIF), Fartcoin (FARTCOIN) has had a different performance.
Dogecoin (DOGE)
A few weeks ago, Dogecoin price seemed ready to reach the $1 mark. However, this week the situation changed as the value of Meme Coin Coin decreased by 10%.
According to the 4-hour index, the decrease in DOGE value could be related to the increase in distribution. Specifically, the Money Flow Index (MFI), an index measuring buying and selling pressure in the market, decreased from 75.57 to 24.12.
This decline shows that some DOGE holders have taken profits from last week’s price increase. Up to now, the trading volume around DOGE has decreased, indicating that the time for recovery has not yet come.
If this trend continues, Dogecoin price could slide again. At this time, it could fall as low as $0.37. But if Meme Coin accumulation increases, this could change, and Dogecoin is likely to continue racing toward $1.
dogwifhat (WIF)
Like Dogecoin, WIF price also decreased this week. However, the decline in WIF was a 25% correction due to increased selling pressure. On the daily chart, TinTucBitcoin’s weekly Meme Coin roundup notes that WIF has formed a head and shoulders pattern.
A head and shoulders pattern is a signal of a bullish to bearish transition, suggesting that the value of a Cryptocurrency may continue to slide further. In this context, the price of Meme Coin Coin Solana could drop to $1.88.
However, if the bulls defend the support around $2.35, this prediction may not play out. In that scenario, Meme Coin Coin value could skyrocket to $3.93.
Fartcoin (FARTCOIN)
As Meme Coins like DOGE and WIF experienced a decline, Fartcoin, the coin that was attracting market interest, broke out. Based on the daily chart, FARTCOIN price has increased by 200% from December 8 to present time.
This significant price increase may be related to the growing optimism surrounding AI agents. Recall that Fartcoin is one of the Meme Coin Coins that grew thanks to Truth Terminal’s post.
From a technical standpoint, trading volume around Meme Coin Coin has decreased, hinting that the cryptocurrency may undergo a correction. If this is confirmed, the price of FARTCOIN could drop to 0.41 USD.
Conversely, if buying pressure increases, this trend may change. In that scenario, FARTCOIN price could jump to 0.78 USD.