The meme coin market is experiencing a surge in investor interest

MEME has avoided a new ATL and also posted a significant 73% rise. BeInCrypto has analyzed two other meme coins that have performed well

The meme coin market is heating up, with certain tokens recovering from their all-time lows (ATLs) as investor interest surges.

Among the recovering tokens is Memecoin (MEME), which has managed to avoid setting a new ATL and also posted a significant 73% rise.

To help traders identify some of the best-performing tokens over the last 24 hours, BeInCrypto has analyzed two other meme coins that could be important to watch.

Memecoin (MEME) faces crucial test as 73% surge pushes for more gains

MEME had a rough week, hitting a new all-time low at $0.00137 on Friday. However, the altcoin rebounded sharply, rising by 38% in the last 24 hours to trade at $0.00196.

This surge marks a significant recovery for MEME, which could continue if the token manages to stay above the key level.

The recent surge in MEME’s price was fueled by a sudden spike in interest for joke tokens, driving a 73% intraday high. To maintain its gains, MEME must successfully breach and flip the $0.00228 resistance into support.

If MEME experiences profit-taking from investors, it could reverse course and drop back down to the all-time low of $0.00137. A decline through this level would invalidate the bullish outlook and signal further challenges for the meme coin.

Bone ShibaSwap (BONE) faces crucial test as 18.5% surge pushes for more gains

Next up is BONE, which has seen impressive gains of 18.5% over the last 24 hours. The altcoin is currently trading at $0.285, placing it in close proximity to the key resistance at $0.295.

Given the recent momentum, it seems likely that BONE will breach this level, signaling a potential upward trajectory for the token in the near future.

Flipping the $0.295 resistance into support would open the door for BONE to target its next major resistance at $0.348. A sustained push above this level could drive further bullish sentiment, propelling the token toward even higher price levels.

However, if BONE fails to breach $0.295, the bullish momentum could fade. A decline from this point could send the meme coin back towards $0.232, invalidating the optimistic outlook.

Such a reversal would likely create caution among investors, delaying potential movement toward the next resistance.

Small Cap Corner – Comedian (BAN) surges nearly 25%

Coming in third is BAN, a small-cap token that has seen impressive gains of nearly 25% in the last 24 hours.

The token is currently trading at $0.040, highlighting the potential for smaller-cap tokens to experience significant price swings.

This small-cap token has become a hot topic in the crypto community, especially after Tron founder Justin Sun purchased the token last year for $6.2 million.

If the token continues its upward momentum, it could breach the $0.045 barrier and potentially flip it into support, securing its gains against any potential selling pressure.

However, failing to break through the $0.045 resistance could lead to a drop back to $0.032. If this occurs, it would invalidate the bullish outlook and erase the recent gains, putting investors on alert for further price declines.