Memecoins Gone Wild: A Jolly Good Surge!

by

Well, old chap, it seems the memecoins are at it again, surging about like a bunch of rambunctious rascals on a sugar high 🤪. And why not, eh? Bitcoin‘s gone and gotten itself a new all-time high, and the memecoins are simply following suit, like a troupe of eager understudies waiting in the wings.

Among the most popular of these merry memecoins are $BONK, $PENGU, and $SNEK. Let’s take a gander at how they’re performing, shall we?

$BONK: The Solana Sensation

$BONK, the crème de la crème of Solana memecoins, has now catapulted itself into 4th place among its peers, with only those stalwarts Dogecoin, Shiba Inu, and Pepe ahead of it in the rankings 🏆.

As one can see from the short-term chart above, $BONK is going great guns, old bean! It’s up a tidy 10% for the day and a whopping 132% since breaking out of its downtrend towards the end of June 📈.

Now, $BONK has reached a bit of a resistance level, and if it manages to break through, the targets are $0.000040 and $0.0000486. Fingers crossed, eh? 🤞

$PENGU: The Star of the Show

Pudgy Penguins (PENGU) has been the cat’s pajamas since it broke out of its downtrend at the end of June 🐧. A 250% price spike to the upside has resulted, and one can’t help but wonder what’s next for this plucky little memecoin 🤔.

According to those clever Fibonacci extension levels, the 0.786 is the next target at $0.037, while the 1.618 Fibonacci extension level is at $0.073. Good show, old chap! 👏

$SNEK: The Sneaky Surge

$SNEK has recently broken out of a downtrend that stretches back to early December 2024, so perhaps this surge is just the beginning of a jolly good run 🏃‍♂️. If Bitcoin continues to do its thing, memecoins like $SNEK might be expected to thrive, don’t you agree, old bean? 🤝

Horizontal resistance levels in the chart are possible targets for $SNEK going forward. One does hope it can keep up the good work, eh? 🤞

A Word of Caution, Old Chap

We may be entering the final stage of this bull market, so do keep your wits about you, dear trader 📊. The normal 4-year cycle would normally draw to a close later in Q4, but this could be an extended bull market, and it could carry on into Q1 and even Q2 of 2026 🤔.

However, nothing is certain, and when trading memecoins, it’s probably best to enter at decent pullbacks, with stop losses underneath, and to take profits regularly 📈. Buying and holding memecoins is not for the faint of heart, old chap. It might look as if the market is just going to keep going up, but when it turns and you’re stuck in a position, heavy losses can result 😬.

Read More

2025-07-16 13:38