As the cryptocurrency market enters July 2025 with high uncertainty, some altcoins have managed to attract investors' attention by showing notable gains in this environment. What is particularly surprising is that the biggest winners this week are largely meme coins.
Fat penguins (PENGU), Bonk (BONK), and Fartcoin (FARTCOIN) have all experienced strong price movements, exceeding traditional expectations. Here are the technical and on-chain details on why these three currencies are standing out...
1:🐧 Fat penguins ($PENGU ): At the peak of the week
Increase over seven days: 68.9%
Current price: $0.016
Decline from ATH: 76.5%
#PENGU , biggest winner of the week, has gained significant momentum thanks to large investor purchases (whales). According to Glassnode data, the number of wallets holding more than 10,000 PENGU has increased since June 23. This indicates that institutional investors or large individuals are increasing their positions.
📈 Technical forecast:
PENGU, which broke the downward channel formation on the 4-hour chart, has given a bullish signal technically.
Short-term resistance target: $0.020
Potential expansion: $0.025
Risks if support is broken: There could be a pullback to $0.0067
🔍 Positive indicators:
CMF (Chaikin Money Flow) and AO (Awesome Oscillator) are still in the positive zone, indicating that buyers are dominant.
2:🐶 #Bonk ($BONK ): Solana's mascot at resistance
Current price: $0.000017
Increase over seven days: about +23%
A struggle to stay above support
BONK has emerged again as one of the most popular meme coins on the Solana network. BONK, which managed to break above the downward channel on the daily chart this week, is giving positive signals technically.
📈 Possible scenarios:
Break upwards: If resistance at $0.000020 is broken, the next target is $0.000028 (Fib level 0.618)
Downside risk: If bear pressure increases, the price may drop below $0.000010
📊 BBP indicator (Bull and Bear Power) gives a positive signal, but there is no strong volume support yet.
3:💨 #Fartcoin ($FARTCOIN ): Has the comeback begun?
Price increase (weekly): 18.94%
Current price: $1.17
Support level: 20 EMA
FARTCOIN, which worried investors by dropping below $0.90 in recent weeks, has recovered this week and risen back to $1.17. The price gave a support signal by rising above the 20-day EMA (moving average) on the daily chart.
📈 Upside target: $1.65 (previous local peak)
📉 Downside risk: $0.85 (previous low)
🔍 AO indicator has moved into the positive zone, indicating that upward momentum is strengthening.
📌 General assessment: Has the meme coin explosion started?
The common point among all three currencies is that community support, social media influence, and whale movements drive pricing rather than fundamental value. Although technical indicators suggest that the likelihood of increase continues in the short term, investors should be cautious about volatility.
Especially these types of meme tokens can drastically change direction with sudden volume changes and social fluctuations.
📣 Outcome:
PENGU: Known for its technical and on-chain compliance.
BONK: has a structure that challenges resistance but seeks volume support.
FARTCOIN: If it holds above EMA, a parabolic surge may come again.
Before investing, the volatile structure of these tokens and their high dependence on market sentiment should be taken into account.