Key takeaways:
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Memecoins like Fartcoin, WIF, SPX6900, and Popcat are outperforming Bitcoin within the brief time period amid renewed crypto market euphoria.
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Bullish technical patterns sign extra upside for top-performing memecoins.
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Popcat stands out with a possible 350% rally, whereas Fartcoin and WIF additionally eye important features within the coming weeks.
Bitcoin (BTC) has surged 7.35% over the previous three days, hitting a brand new all-time excessive close to $112,000 on Could 22, however memecoins are stealing the highlight.
Fueled by BTC’s rally, a number of high-risk tokens are posting even bigger features, stoking prospects that they may proceed to outperform Bitcoin because the crypto bull run accelerates.
Fartcoin ascending channel hints at extra features
Solana-based Fartcoin (FARTCOIN) memecoin has surged 30% within the final three days to hit $1.57 as of Could 22, its highest degree within the final 4 months.
The rally extends Fartcoin’s sturdy year-to-date (YTD) efficiency—up 74.50%—amid the continuing memecoin frenzy. As compared, Bitcoin has risen 18% to date in 2025.
Technically, Fartcoin is buying and selling inside a well-defined ascending channel that started forming in early March, suggesting sustained bullish momentum.
The memecoin has additionally damaged above its 50-day exponential shifting common (50-day EMA; the pink wave), presently close to $1.06, a key assist degree in uptrends.
FARTCOIN’s relative energy index (RSI) was hovering close to 64 as of Could 22, suggesting there may be room to run earlier than promoting circumstances emerge close to the overbought threshold at 70.
If the uptrend holds, Fartcoin might retest the channel’s higher boundary close to $2.74 by June, up 80% from the present value ranges.
Dogwifhat value might double
Like FARTCOIN, Dogwifhat (WIF) has outperformed Bitcoin throughout the latest rally, up over 27% previously three days. However the Solana memecoin has underperformed the highest cryptocurrency year-to-date, down about 38%.
However a bull pennant formation might put Dogwifhat ready to catch up within the coming weeks.
As of Could 22, WIF’s value was testing the pennant’s higher trendline for a breakout, with its technical goal at round $2.50, up about 125% from the present value ranges.
The upside goal aligns with the 0.5 Fibonacci retracement line, which has served as resistance throughout WIF’s consolidation part between November 2024 and January 2025.
SPX6900 eyes 50% features following breakout
Ethereum-based SPX6900 (SPX6900) has surged 35% within the final three days, paring its 2025 losses. It’s, subsequently, underperforming Bitcoin on a YTD timeframe however, like WIF, reveals the potential of outperforming BTC this cycle in share phrases.
On the core of this bullish outlook is SPX6900’s ongoing bullish reversal makes an attempt. As of Could 22, the memecoin had entered the breakout stage of its prevailing ascending triangle sample, eyeing a rally towards $1.34 by June.
The upside goal is up 50% from the present value ranges, which was the resistance in January.
Popcat preps 350% rally setup
Solana’s Popcat (POPCAT) gained 30% throughout Bitcoin’s rally, reaching its document excessive, nevertheless it stays an underperformer YTD.
Associated: Bitcoin ‘appears to be like exhausted’ as subsequent bear market yields $69K goal
Nonetheless, a convincing cup-and-handle formation on POPCAT’s day by day chart will increase its potential of outperforming Bitcoin within the coming weeks or months.
As of Could 22, the memecoin was testing the sample’s neckline at $0.57 for a breakout towards $2.50, up by over 350%. This goal is obtained by including the neckline—a possible breakout level—to the cup-and-handle’s most top.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a choice.
