As the crypto market enters July 2025 with high uncertainty, some altcoins have managed to catch investors’ attention by showing remarkable gains in this environment. What is particularly surprising is that this week’s biggest gainers are largely memecoins.
Pudgy Penguins (PENGU), Bonk (BONK), and Fartcoin (FARTCOIN) have all seen strong price movements, beating traditional expectations. Here are the technical and on-chain details on why these three coins stand out...
🐧 Pudgy Penguins ($PENGU ): At the Top of the Week
Seven-day rise: 68.9%
Current price: $0.016
Decline from ATH: 76.5%
#PENGU , the week’s biggest gainer, has gained remarkable momentum thanks to the purchases of large investors (whales). According to Glassnode data, the number of wallets holding more than 10,000 PENGU has been increasing since June 23. This shows that institutional or large individual investors are increasing their positions.
📈 Technical Outlook:
PENGU, which broke the falling channel formation on the 4-hour chart, has technically given a bullish signal.
Resistance target (short-term): $0.020
Potential expansion: $0.025
Risk if support is broken: There may be a pullback to $0.0067
🔍 Positive indicators:
CMF (Chaikin Money Flow) and AO (Awesome Oscillator) are still in positive territory, indicating that buyers are dominant.
🐶 #Bonk ($BONK ): Solana’s Mascot at Resistance
Current price: $0.000017
Seven-day increase: Around +23%
Battle to stay above support
BONK has resurfaced as one of the most popular memecoins on the Solana network. BONK, which managed to break above the falling channel on the daily chart this week, is giving positive signals in technical terms.
📈 Possible scenarios:
Upside break: If the $0.000020 resistance is broken, the next target is $0.000028 (Fib 0.618 level)
Downside risk: If the bears’ pressure increases, the price may fall below $0.000010
📊 The BBP (Bull Bear Power) indicator is giving a positive signal, but there is no strong volume support yet.
💨 #Fartcoin ($FARTCOIN ): Has the Comeback Started?
Price increase (weekly): 18.94%
Current price: $1.17
Support level: 20 EMA
FARTCOIN, which worried investors by falling below $0.90 in recent weeks, recovered this week and rose to $1.17 again. The price gave a support signal by rising above the 20-day EMA (moving average) on the daily chart.
📈 Upward target: $1.65 (previous local peak)
📉 Downward risk: $0.85 (previous low)
🔍 The AO indicator has moved into positive territory, indicating that the upward momentum is strengthening.
📌 General Assessment: Has the Memecoin Rally Started?
The common point of all three coins is that community support, social media influence and whale movements drive pricing instead of fundamental value. Although technical indicators indicate that the potential for an increase continues in the short term, investors should be careful about volatility.
Especially these types of meme tokens can change direction drastically with sudden volume changes and social fluctuations.
📣 Result:
PENGU: Stands out with its technical and on-chain compatibility.
BONK: Has a structure that challenges resistance but seeks volume support.
FARTCOIN: If it holds above the EMA, a parabolic rally may come again.
Before investing, the volatile structure of these tokens and their high dependence on market sentiment should definitely be taken into consideration.
