The broader cryptocurrency market is stabilizing into the new year, but meme coins are characterized by micro-movements rather than a rally. Bitcoin hovers above the $91,000 mark but lacks a clear breakout, keeping liquidity drifting into higher-risk assets.
With the fear-and-greed index near neutral around 40 and an alt-season index around 24, market signals remain Bitcoin-centric. Some meme coins have attempted short-term rebounds, but volume has not expanded meaningfully, suggesting liquidity-driven activity rather than durable demand. Other meme narratives have surfaced as well, though price action remains limited and a clear directional trend has yet to form.
This environment implies meme coins are still in a wind phase, and more time is needed to determine whether a fundamental shift in supply and demand is underway. In the eyes of market participants, trading volume is the crucial point; in many meme coin segments, price swings are not paired with rising volumes. Only when Bitcoin establishes a clear direction and liquidity and volume both improve could there be a tangible, sustainable trend.
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