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Best memecoins to buy right now: SPX, FLOKI, FARTCOIN.

Memecoins SPX6900, Floki, and Fartcoin are all hovering at key technical levels, with recent price action hinting at possible bullish reversals if key resistance zones can be broken in the days ahead.

Crypto markets dropped nearly 2% on July 17, bringing the total market cap down to $3.8 trillion. In contrast, the memecoin sector rallied 5.7% during the same period.

Bitcoin’s recent gains after it hit a new all-time high above $123,000 on July 14 seem to have reignited risk-on sentiment across the market.

Although Bitcoin has since corrected to $118,000, where it has remained relatively flat over the past 24 hours as of press time, Ethereum has gained 9% during the same period, reaching a seven-month high of $3,450.

Over the past week, Ethereum has gained 23.4%, significantly outpacing Bitcoin’s 6.4% increase. The shift suggests growing investor interest in assets beyond Bitcoin.

Some analysts view this as a sign that Bitcoin dominance is weakening, a recurring trend that has been observed before the start of an altcoin season.

For a sustained altcoin rally to begin analysts say Ethereum must continue to outperform Bitcoin consistently. When capital rotates from Bitcoin into Ethereum, it often moves further down into mid-cap tokens and eventually memecoins, which have historically seen the strongest rallies during such phases.$FLOKI