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Cryptocurrency News Articles
The meme coin market is full of surprises, as new trends emerge with every passing day, and the past few days have not disappointed
Apr 16, 2025 at 03:00 am
As the demand for trading bots grows, Solana, being a hotspot for meme coins, has noted the emergence of Axiom as the next big thing.
The meme coin market is full of surprises, with new trends emerging and past few days has seen this in abundance. As the demand for trading bots increases, Solana, already a hotspot for meme coins, has seen Axiom emerge as a major force.
But as traders attempt to recover recent losses, BenInCrypto has analysed two other meme coins that investors may want to keep an eye on.
Animecoin (ANIME) has seen its price soar by 31% in the last 24 hours, currently trading at $0.019. The meme coin is now approaching the $0.020 resistance, which it failed to secure in the previous month. This resistance level will be crucial for continuing its recent momentum and sustaining upward movement.
If ANIME manages to flip this level into support and continues surging, it could target the next resistance at $0.023. A successful breach of this level would signify a strong uptrend, potentially leading to further price increases and attracting additional investor interest.
However, if broader market conditions fail to support this bullish outlook, ANIME could face a decline. A drop below the $0.017 support would suggest a reversal, with the possibility of the price falling to $0.015, invalidating the bullish thesis and signaling a potential further downturn.
Brett (BRETT)Another one of the meme coins to watch, BRETT has shown significant growth, with a 46% increase in the last seven days. This strong performance has brought the meme coin to $0.036 despite the dominance of other meme coins in the market.
This brings BRETT to a key resistance level, which could determine its ability to continue surging or stall and pull back.
However, BRETT is now facing resistance at $0.038, a level it failed to breach in March. If the meme coin can successfully break through this barrier, it may rise to $0.042, reaching a new monthly high and signaling continued upward momentum, attracting investor interest.
On the other hand, if BRETT fails to breach $0.038 again, the price could retreat towards $0.030. This would invalidate the current bullish outlook, erasing much of the recent gains and suggesting that the meme coin may struggle to maintain its upward momentum in the short term.
Small Cap Corner – AxiomThis Solana-based trading bot has seen a surge in demand recently, becoming the largest bot on the platform, overtaking Photon, BullX, and GMGN.
Axiom's success is evident, recently surpassing $100 million in daily trading volume and claiming 41% of Solana's total trading bot volume. The rise of bots for speculative trading offers a convenient solution, and Axiom contributes to this trend with its one-tap functionality for executing complex trades.
The increasing reliance on bots for speculative trading, especially when it comes to meme coins, provides an easier path for investors. As meme coin investments are often driven by volatility, Axiom provides a middle ground for users to trade these assets effectively.
With the growing interest, Q2 could see a surge in trading bots, making it essential for meme coin enthusiasts to explore these tools. However, speculative trading, particularly with meme coins, carries inherent risks. BeInCrypto strongly advises to DYOR before engaging in such endeavors.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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