Meme coins experienced a challenging day today, despite the broader cryptocurrency market recording gains. The combined value of these speculative tokens declined by 4.4%, causing the overall market capitalization of meme coins to fall to $55.37 billion. Amidst this downturn, Joe Coin stood out as one of the few exceptions, posting a 31% increase in value.

BeInCrypto has conducted an analysis of two other meme coins that investors should keep an eye on. These tokens saw declines during the past 24 hours but still show potential for future gains.

POPCAT faced a difficult period, with its price dropping by 11.5% to reach $0.26. The altcoin was unable to maintain the $0.29 support level during the recent decline. This price movement indicates that POPCAT is struggling to establish stability, and its next directional move will likely depend on the overall market conditions.

Despite the recent drop, the Ichimoku cloud indicator suggests some potential for bullish activity in POPCAT. However, the momentum behind this potential appears to be weakening. If the broader market shows signs of improvement, POPCAT could potentially rebound, with the $0.29 level possibly turning into a support zone. This would represent a positive development for the token and could lead to further price increases in the short term.

On the other hand, if the bearish trend continues, POPCAT may fall below the $0.24 support level. A decline to $0.20 would undermine the current bullish case and signal further downward movement. In such a scenario, POPCAT could face increased selling pressure, which would negatively impact its price outlook.

TOSHI also suffered a 7% decrease over the last 24 hours, and the token is now at risk of losing the $0.000425 support level. This drop suggests that there may be more downside for TOSHI unless key support levels are maintained in the coming days.

Despite the recent decline, the Ichimoku Cloud indicator points to possible bullish signals for TOSHI. This bullish outlook would be confirmed if TOSHI successfully turns the $0.000488 resistance level into a support zone. A successful breakout above this level could trigger a recovery, pushing the price toward $0.000575 and strengthening the altcoin’s upward momentum.

However, if TOSHI fails to hold the $0.000425 support level, it could continue to decline, potentially reaching $0.000384. A drop to this level would invalidate the current bullish scenario and indicate a possible reversal in the token’s price action. This would increase the likelihood of further declines for TOSHI.

JOE saw a significant rise of 34% over the past 24 hours, with its price reaching $0.0606 and attracting attention from its 9,070 holders. The token even approached its all-time high, demonstrating strong upward momentum. This price movement suggests the possibility of further growth in the near term.

Although JOE attempted to break through its all-time high of $0.0700 during the day, it did not succeed in surpassing this level. Nevertheless, the continued bullish momentum indicates that the token may revisit and eventually break through this resistance in the coming days, which could boost investor confidence.

If JOE fails to maintain the support levels of $0.0600 or $0.0500, it could encounter difficulties in recovering. A drop below these levels would likely invalidate the current bullish narrative and push JOE toward the support level of $0.0392.

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