Important takeouts:
Memokines such as Fartcoin, WIF, SPX6900 and Popcat have outperformed Bitcoin in the short term amidst the happiness of the new crypto market.
Bullish technical patterns make the best-performing memokine even more upside down.
While Popcat stands out at a potential 350% rally, Fartcoin and Wif are aiming for great profits in the coming weeks.
Bitcoin (BTC) surged 7.35% over the past three days, hitting a new all-time high of nearly $112,000 on May 22, but Memecoins are stealing the spotlight.
Bolstered by BTC’s rally, some high-risk tokens have posted even greater profits, and could be better than Bitcoin as cryptocurrency bull runs accelerate.
Fartcoin ascending channel suggests more benefits
Solana-based Fartcoin (Fartcoin) Memecoin has surged 30% over the past three days to reach $1.57 as of May 22nd. This is the highest level in the last four months.
The rally extends Fartcoin’s strong year-end performance (up 74.50%) amid the ongoing Memocoin frenzy. In comparison, Bitcoin has risen 18% so far in 2025.
Technically, Fartcoin is trading within a well-defined upward channel that began to form in early March, suggesting sustained bullish momentum.
Memecoin also surpasses the 50-day exponential moving average (50-day EMA, Red Wave) and is currently close to $1.06, a major uptrend support level.
Fartcoin’s relative strength index (RSI) was hovering close to 64 as of May 22nd.
If uptrends are retained, Fartcoin could retest the channel cap of nearly $2.74 by June, up 80% from its current price level.
Dogwifhat’s price could double
Like Fartcoin, Dogwifhat (WIF) surpassed Bitcoin at recent rally, up over 27% over the past three days. However, Solana Memecoin has slowed the performance of its top cryptocurrency since the start of the year, down about 38%.
But the bull pennant class may place Dogwifat in a position to catch up in the coming weeks.
As of May 22, WIF prices were testing the top trendlines for breakout pennants with a technology target of around $2.50, up about 125% from current price levels.
The upward target is in line with the 0.5 Fibonacci retracement line that served as a resistance during the WIF integration phase between November 2024 and January 2025.
SPX6900 Eyes Get 50% Benefits After Breakout
The Ethereum-based SPX6900 (SPX6900) has surged 35% over the past three days, lifting its 2025 losses. So it’s below Bitcoin in the YTD time frame, but like WIF, it shows that it could outweigh this cycle in percentage terms.
The core of this bullish outlook is the ongoing bullish attempt at the SPX6900’s bullish reversal. As of May 22, Memecoin has entered the breakout phase of its ascending triangle pattern, focusing on gatherings heading towards $1.34 by June.
The upward target is up 50% from the current price level. This was a resistance in January.
POPCAT preparation 350% rally setup
Solana’s Popcat (Popcat) reached a record high, winning 30% during Bitcoin rally, but remains at the performance YTD.
Related: Bitcoin appears exhausted as the next Bear Market reaches its $69,000 target
However, the persuasive cup-and-handle formation of Popcat’s daily charts will increase the chances of surpassing Bitcoin in the coming weeks or months.
As of May 22, Memecoin tested the pattern neckline at $0.57, bringing $2.50 up over 350%. This target is obtained by adding a neckline (a potential breakout point) to the maximum height of the cup and handle.
