These Three Meme Coins Are Flashing Bullish Signals: Analysis

Meme coin traders are having a good start to their week, and for those who look to charts in search of clues as to where coins might be heading next, there’s at least three meme coins that might look tasty to traders looking to cook.

Meme coin trading, though, is risky business, and the sector is known for its wild volatility. Still, for the moment, meme coins are roaring back to life this week as Fartcoin surged 17.93% to $1.29, leading a broader rally that saw Dogwifhat climb 15.04% and Pepe gain 9.60%. The synchronized upward movement comes as Bitcoin trades near $106,000 and risk appetite returns to cryptocurrency markets following weeks of consolidation.

Trading volumes exploded across all three tokens, with Fartcoin recording $267 million in 24-hour volume, Dogwifhat reaching $640 million, and Pepe topping $1.64 billion, according to CoinMarketCap. The surge in activity coincides with Fartcoin’s addition to Coinbase’s asset roadmap on June 6—alongside volatile momentum across the crypto market.

The king of memes, Dogecoin, is trading hands at $0.1918, for a modest (considering how other memecoins are performing) 3% price spike.

Technical indicators across the meme coin sector are flashing increasingly bullish signals, with key moving averages, the average price of a token within a given time period, aligning for potential breakouts. As Bitcoin approaches all-time highs and institutional flows strengthen through spot ETFs, these high-beta assets are positioning for what could be the next leg of the crypto bull market.

Fartcoin: Signals point to trend reversal

Fartcoin was the best performing meme coin yesterday, and it is still the best performing meme coin today, with a spike reaching 9.5% today for a daily high of $1.32 before correcting to its current price of $1.26. The Average Directional Index—or ADX, an indicator that tells traders how strong or weak a current price trend might be—is steadily rising, approaching the 25 threshold that confirms trend strength and the end of the bearish correction that took the price down 47% after reaching an all-time high on May 23. Rising ADX during price advances validates the move’s legitimacy rather than indicating a mere oversold bounce.

The 50-day exponential moving average (the average price of the token over the last 50 days, often abbreviated as “EMA”) currently sits at $1.10, with price action trading comfortably above this key support level. The gap between the 50-day and 200-day price averages continues to widen, confirming medium-term bullish momentum. This expanding differential typically signals sustained upward pressure, particularly when accompanied by increasing volume.

Key resistance levels stand at $1.30 (immediate), $1.50 (medium-term target), and $1.61 (major resistance). Support zones include the psychological level at $1.00-$1.02. With ADX trending toward 25 and the Squeeze Momentum, an indicator that signals price compressions before a major trend, firing bullish, a daily close above $1.30 could trigger acceleration toward $1.50.

There is an arbitrage opportunity in the crypto exchange Poloniex, where the coin is being traded at $1.08, though with less volume.

Dogwifhat (WIF): Moving averages are aligning for potential breakout

Dogwifhat, which trades as WIF, continues to demonstrate resilience after testing the psychologically important $0.80 support level, with the Solana-based meme coin now trading at $1.012.

The technical structure reveals a potential breakout setup. While the 50-day EMA at approximately $0.88 provided crucial support during recent corrections, price action has now decisively broken above this level. The 200-day EMA sits higher at $1.15, which means the markets are still bearish. However, the narrowing gap between these averages is reversing, with the faster moving average pulling to cross the slower one—a classically bullish configuration.

The Squeeze Momentum Indicator for WIF shows an interesting pattern: The token recently exited a compression phase with momentum bars turning positive. This, combined with the 15% daily gain, suggests buyers are returning with conviction. Volume patterns support this thesis, with $650 million in daily trading representing a 95% increase from previous trading sessions.

Critical levels include resistance at $1.15 (immediate), $1.40 (major resistance), and $1.55 (yearly high). Support levels stand at $0.86 (200-day EMA) and $0.79 (recent low). A sustained break above $1.20 would likely trigger momentum toward $1.40, while failure to hold above $1.00 could prompt a retest of EMA support.

Pepe: Ethereum’s leading meme coin shows measured strength

Pepe maintains its position as the dominant Ethereum-based meme coin with a $5.36 billion market cap, demonstrating more measured gains compared to its Solana counterparts. The price increase to $0.00001273 comes with a substantial volume of $1.66 billion, indicating broad-based participation.

There’s something interesting to consider, though. There has been a major movement of 1 trillion PEPE into Binance—which could signal a potential token dump in the near future. Typically, when a large amount of any given coin is sent to a crypto exchange, there’s little reason to do so unless it’s about to be sold.

The 50-day EMA for PEPE provides dynamic support around $0.00001151, with current price action trading above this crucial level. The 200-day EMA at $0.00001118 sits a bit lower, creating a slight buffer zone that typically acts as ultimate support during corrections. This short gap between moving averages indicates the token is likely to move sideways without any major bullish or bearish appetite.

Key levels include resistance at $0.00001309 (immediate), $0.00001352 (secondary resistance), and $0.00001435 (major resistance). Support zones are found at $0.00001183 (immediate support), and $0.00001100 (psychological level). The confluence of neutral ADX, expanding Squeeze Momentum, and price above both EMAs suggests accumulation before the next major move.

Next key levels to watch: Fartcoin – $1.30 resistance breakout; Dogwifhat – $1.20 resistance test; Pepe – $0.00001309 resistance challenge