Are AI-Themed Meme Coins Back From The Dead? | Meme Coins To Watch Today

The meme coin market witnessed a surge in AI-themed tokens today, led by ai16z, which posted a 35% rally. These tokens’ collective value grew by nearly 5% and is currently worth over $3.1 billion.

BeInCrypto has analyzed two other AI-themed meme coins for investors to watch as April nears its end.

ai16z (AI16Z)

• Launch Date – October 2024
• Total Circulating Supply – 1.099 Billion AI16Z
• Maximum Supply – 1.099 Billion AI16Z
• Fully Diluted Valuation (FDV) – $269.21 Million

AI16Z has surged by 35% in the last 24 hours, currently trading at $0.243. The altcoin has gained momentum, breaking through a month-long resistance at $0.210. This surge places AI16Z at the forefront of AI meme coins, drawing attention from investors eager to capitalize on the price movement.

To reach the next resistance at $0.321, AI16Z must continue its upward trajectory. However, achieving this target requires that investors hold onto their positions rather than selling off their holdings. With a 30% rise still needed to breach the resistance, market sentiment will play a critical role in its success.

If selling pressure increases, AI16Z could fall below its support at $0.210. A drop below this level would likely lead to a decline toward the $0.154 support, invalidating the current bullish outlook.

Goatseus Maximus (GOAT)

• Launch Date – October 2024
• Total Circulating Supply – 999.99 Million GOAT
• Maximum Supply – 1 Billion GOAT
• Fully Diluted Valuation (FDV) – $81.46 Million

GOAT has risen 22% in the last 24 hours, currently trading at $0.079. The altcoin is testing resistance at $0.080, marking a near two-month high. This upward momentum indicates growing investor interest, with the price approaching a critical level that could set the stage for further gains.

If GOAT can maintain its current momentum, it has the potential to secure $0.080 as a support floor. A sustained rise above this level could lead to further gains, with the next resistance target set at $0.102. This would provide a solid foundation for continued growth and extend investor profits.

Failing to breach $0.080 could trigger a reversal in the price movement. In this scenario, GOAT may experience a decline toward the $0.064 support level, erasing recent gains. This would invalidate the bullish outlook, suggesting that the current uptrend could be short-lived if the resistance is not surpassed.

Turbo (TURBO)

• Launch Date – May 2023
• Total Circulating Supply – 69 Billion TURBO
• Maximum Supply – 69 Billion TURBO
• Fully Diluted Valuation (FDV) – $317.10 Million

TURBO has posted a 104% rise this week, currently trading at $0.0046. While it did not see a massive rally today, the meme coin has shown impressive growth. However, TURBO faces resistance at $0.0048, which could limit further upward movement unless broken decisively.

To continue its upward trajectory, TURBO must flip the $0.0048 resistance into support. If successful, the altcoin could aim for the $0.0068 level. Maintaining strong investor confidence and preventing widespread selling will be essential to sustaining this bullish trend. 

Any significant profit-taking could derail TURBO’s rally. A failure to maintain above the $0.0048 level would lead to a decline, potentially dropping to $0.0038 or even $0.0029. This would invalidate the bullish outlook and likely push the token into a bearish trend.