Key Summary:
In the context of renewed enthusiasm in the cryptocurrency market, meme coins such as Fartcoin, WIF, SPX6900, and Popcat have outperformed Bitcoin in the short term.
Bullish technical patterns suggest that these high-performing meme coins have even greater upside potential.
Popcat stands out particularly, with a potential increase of up to 350%, while Fartcoin and WIF are also expected to see significant growth in the coming weeks.
Bitcoin has risen 7.35% in the past three days, reaching a historic high of nearly $112,000 on May 22, but meme coins have become the market focus.
Driven by Bitcoin's rise, various high-risk tokens are recording larger gains, indicating that as the cryptocurrency bull market accelerates, they may continue to outperform Bitcoin.
The Solana-based meme coin Fartcoin (FARTCOIN) surged 30% in the past three days, reaching $1.57 as of May 22, marking a four-month high.
Fueled by the ongoing meme coin craze, this upward trend continues Fartcoin's strong performance year-to-date (YTD) — up 74.50%. In contrast, Bitcoin has only risen 18% so far in 2025.
From a technical analysis perspective, Fartcoin is trading within a clear ascending channel formed in early March, indicating sustained bullish momentum.
FARTCOIN/USDT Daily Price Chart. Source: TradingView
The meme coin has also successfully broken above the 50-day exponential moving average (50-day EMA; red wavy line), which is currently around $1.06, a key support level in the uptrend.
As of May 22, FARTCOIN's relative strength index (RSI) remains around 64, indicating there is still room for upward movement before approaching the overbought threshold of 70.
If the uptrend remains solid, Fartcoin is expected to test the upper boundary of the channel at around $2.74 before June, an 80% increase from the current price.
Similar to FARTCOIN, Dogwifhat (WIF) has outperformed Bitcoin in the recent market recovery, rising over 27% in the past three days. However, this Solana meme coin has underperformed the market leader year-to-date, down about 38%.
Notably, a bullish flag pattern may create conditions for Dogwifhat to surpass Bitcoin in the coming weeks.
As of May 22, WIF's price is testing the upward trend line of the flag pattern seeking a breakout, with a technical target of around $2.50, approximately a 125% increase from the current price.
WIF/USDT Daily Price Chart. Source: TradingView
This upward target aligns with the 0.5 Fibonacci retracement level, which served as a significant resistance during WIF's consolidation phase from November 2024 to January 2025.
The Ethereum-based SPX6900 (SPX6900) has climbed 35% in the past three days, narrowing its losses for 2025. Although it has underperformed Bitcoin year-to-date, like WIF, it shows potential to outperform BTC in percentage terms during this cycle.
The core of this bullish outlook lies in SPX6900's ongoing attempt at a bull market reversal. As of May 22, this meme coin has entered the breakout phase of its dominant ascending triangle pattern, targeting $1.34 in June.
SPX6900/USDT Daily Price Chart. Source: TradingView
This upward target is 50% higher than the current price level and aligns with the resistance level from January.
Solana's Popcat (POPCAT) achieved a 30% increase during Bitcoin's rise, reaching an all-time high, but its overall performance year-to-date remains poor.
However, the clear cup-and-handle pattern formed on the daily chart of POPCAT significantly enhances its potential to outperform Bitcoin in the coming weeks or months.
POPCAT/USDT Daily Price Chart. Source: TradingView
According to data from May 22, this meme coin is testing the neckline of the pattern at $0.57, and if it successfully breaks through, the target price will reach $2.50, an increase of over 350%. This projected target is calculated by adding the neckline (potential breakout point) to the maximum height of the cup-and-handle pattern.
Related: Bitcoin (BTC) price targets $112,000, risk assets "ignore negative unemployment news"
This article does not contain any investment advice or recommendations. Any investment and trading activities involve risks, and readers should conduct their own research before making decisions.
Original article: “These 4 Memecoins Can Outperform Bitcoin This Cycle”
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