Meme Coins Make Waves Again as Pepe, Fartcoin, and Bonk Surge

Meme coins are heating up again, with Pepe PEPE/USD, Fartcoin FARTCOIN/USD and Bonk BONK/USD showing strength over the past week.

The new highs come as broader markets remain uncertain, with meme coins continuing to garner attention despite the broader trend. The coins have also seen increased trading volume and investor interest.

Related Link: Can Meme Coins Bounce Back After A Massive 2024 Rally?

What Happened: Trader Altcoin Sherpa is keeping an eye on Fartcoin, saying he may enter trades once the coin breaks past the $0.36 level.

“Can probably start trading this once it breaks out of the range. Still looks ok for now,” the trader said via X.

Crypto Lyxe said any long positions on Fartcoin during red candles have been profitable.

Any Fartcoin longs during red candles = good.

This is insane.

We're in a bear market and this coin is still massively hyped and being traded like crazy.

Related Link: Benzinga's Guide To Cryptocurrency

Crypto trader Essex marks .720 as the level for Pepe to break for the bull run to continue.

"If we close below this level, we might see further drops towards Fib .618, otherwise we can continue the bull run," the trader said via X.