Meme coins have had a rollercoaster ride lately, with some tokens booming while others face challenges. WOJAK and PENGU are striving to pick up steam, whereas SPX6900 is stuck in a significant downturn, trading below $1 for the past two weeks.
On the other hand, projects focused on artificial intelligence like ARC and AI16Z are on the path to recovery, benefiting from the growing interest in crypto AI agents. These tokens are standing out in the market this week, with a strong focus on key resistance and support levels.
AI Rig Complex (ARC)
ARC, a Solana-based AI token introduced on Pumpfun, has seen a remarkable 72% surge in the last seven days, driven by the revived interest in crypto AI agents. The increasing demand for AI-powered blockchain solutions may propel ARC's price further up. If the momentum continues, it could challenge the $0.31 resistance and potentially reach levels around $0.44 and even $0.63.
WOJAK
WOJAK, a prominent meme coin, has experienced a substantial 25% increase in the past week. The convergence of its EMA lines indicates a potential trend reversal. If WOJAK can maintain its bullish momentum, it might aim for resistances at $0.318, $0.44, and potentially $0.63.
SPX6900
SPX6900 has undergone a sharp correction, declining by 48% in the last 30 days. Although it struggles to rise above $1, it still holds a significant position as the seventh-largest meme coin by market cap. If SPX6900 manages to regain momentum, it could target resistances at $0.80, $0.97, and $1.38.
AI16Z
Despite a recent decline, AI16Z has gained over 13% in the past seven days. It aims to recover from a 66% drop in the last month. If momentum strengthens, AI16Z may challenge the $0.47 resistance and aim for levels around $0.62, $0.92, and potentially exceed $1.
Pudgy Penguins (PENGU)
PENGU, once a top meme coin on Solana, is currently trading at all-time lows but remains a recognizable asset in Solana's meme ecosystem. A potential breakout could test resistances at $0.0126, $0.017, and higher levels like $0.022 and $0.027 if bullish momentum continues.
As sentiment and market conditions play a crucial role, the future of meme coins like PENGU hinges on a potential resurgence in the sector. Keep an eye out to see if these tokens can bounce back or face further challenges.