As the new year begins, the crypto market is expected to show greater resilience, with memecoins poised for notable activity. While numerous tokens have emerged this year, only a select few have captured investor interest and maintained significant momentum.
With this in mind, BeInCrypto has identified five notable memecoins that are likely to sustain their bullish trends or initiate new rallies in January 2025.
Pudgy Penguins (PENGU)
PENGU is currently trading at $0.029. The penguin-themed memecoin recently climbed into the top five coins list after hitting a new all-time high of $0.070, which is 134% above its current price, outperforming popular tokens like dogwifhat (WIF) and Floki (FLOKI). Its rising prominence has attracted significant attention from investors.
While a 134% price jump is unlikely, PENGU could aim to flip the $0.040 resistance level into support. Reaching this would provide the memecoin with a foundation for potential rallies.
PENGU Price Analysis. Source: TradingView
However, a loss of support at $0.029 could push PENGU towards $0.022, invalidating the current bullish outlook. Such a drop would likely dampen investor sentiment, reinforcing bearish pressure. Market participants are evaluating these scenarios to predict PENGU’s next move.
Fartcoin (FARTCOIN)
FARTCOIN has captivated the crypto market, reaching a market cap of $1 billion and showcasing the unpredictable nature of memecoins. Its rapid rise reflects the continued demand and enthusiasm in this niche.
Currently trading below $0.98, the memecoin remains 54% away from its all-time high but remains above the $0.81 support level. This resilience highlights its ability to capitalize on market trends.
FARTCOIN Price Analysis. Source: TradingView
If the critical support level of $0.81 fails to hold, FARTCOIN could face a drop to $0.70, effectively negating the bullish outlook. Such a drop could change sentiment, highlighting the coin’s volatility and reinforcing the speculative nature of memecoin investments.
Baby (BABY)
PEPE has remained relatively stable this month, avoiding the sharp declines experienced by other major memecoins. While it hasn’t seen any significant rallies, its resilience positions the altcoin for a quicker recovery once market sentiment improves. This stability has made PEPE a focal point for investors seeking consistency in memecoins.
It is currently trading at $0.00001871 and would need a 53% increase to return to its all-time high of $0.00002836. The altcoin is attempting to establish $0.00001785 as a support level. Reclaiming $0.00002334 as support will be essential to signal a bullish trend, providing an opportunity for potential upward movement.
PEPE Price Analysis. Source: TradingView
However, if PEPE fails to hold the support level of $0.00001785, it risks falling to $0.00001696. Such a decline would completely invalidate the bullish outlook and raise concerns among investors. Holding the critical support thresholds is vital to sustain its current position in the market.
SPX6900 (SPX)
SPX is trading at $0.85, aiming to form a new ATH beyond $1.19, which would require a 40% increase, but remains capped under the $0.91 resistance. The memecoin has faced persistent challenges since mid-October, reflecting market hesitation and limited upward momentum.
Breaking above $0.91 and flipping it into support could signal a bullish trend for SPX. Such a move would pave the way for the memecoin to target a new all-time high above $1.19. Reaching that milestone would mark its first significant rally in nearly three months.
SPX Price Analysis. Source: TradingView
However, continued failure to overcome the $0.91 resistance could force SPX to test the $0.70 support level or below. A drop below this threshold would invalidate the bullish outlook and increase bearish sentiment. Maintaining critical levels is crucial for SPX to regain market confidence.
Turbo (TURBO)
Turbo has been consolidating for over two months, struggling to break above the $0.013 resistance level. Despite repeated attempts, the price has failed to gain sufficient momentum. This prolonged stagnation highlights the uncertainty in the market, but the coin remains a focus for investors due to its unique origins.
As the first AI-powered memecoin, Turbo stands out in the crowded crypto space. This distinction fuels expectations of a breakout beyond $0.013, potentially pushing the price to $0.020. Such a rally would reaffirm its position as a pioneer among memecoins.
TURBO Price Analysis. Source: TradingView
However, if Turbo’s price falls below $0.008, it risks testing the critical support level at $0.006. Any further decline from this point would invalidate the bullish outlook, raising concerns about sustained investor confidence. Maintaining stability is crucial to avoid downward pressure.
The article 5 memecoins to watch in 2025 was first seen on BeInCrypto Brasil.
