Bonk (BONK), Pengu (PENGU), and Fartcoin (FARTCOIN) have emerged as three of the most closely watched memecoins during the latest leg of the crypto market rebound. As Bitcoin reclaimed the $123,000 level and Solana-based activity picked up, several meme tokens recorded double-digit gains and high intraday volumes.
BONK surged over 202% since July 1, briefly touching $0.0000407 on July 17. Pengu followed with a 148% spike in the same period. Fartcoin gained more than 47%—marking its strongest rally since April earlier this year.
The renewed interest in meme tokens follows a broader rotation into high-risk altcoins. Speculative flows have increased across Solana and Ethereum ecosystems. Analysts expect volatility to persist as traders chase short-term momentum.
Bonk Reclaims Momentum With Breakout and Surging Fees
Bonk (BONK) attracted investor attention following its recent rally, which helped the token reclaim the $0.000035 zone. The token registered a 30% jump on July 16. The rally also helped the BONK price reach its highest levels in 2025.
Crypto trader MOON highlighted the move as a bounce from the “golden pocket”—the 50–61.8% Fibonacci retracement zone—marking it as a high-probability support region. He argued that if BONK closes above $0.000048, the path toward retesting the $0.000059 resistance remains open.
Analyst g.o.a.t. jojo pointed to BONK’s cleaner price structure compared to other meme tokens. He noted the token’s decisive breakout from a local falling wedge and high intraday volumes as signs of trend continuation.
Moreover, analyst Aut3z claimed that BONK was one of the best performing tokens recently. This analyst noted that a recent surge in BONK usage likely helped the token in its bull run. Together, these analysts are predicting a more bullish future for the meme coin.
What makes BONK a token to watch in the current market scenario is the likelihood of traders rotating into memecoins. With both narrative and structure, BONK sits at the intersection of speculative energy and infrastructure-level activity.
Pengu Faces Resistance Near $0.035
Pengu (PENGU) rallied over 148% in recent sessions. It climbed from a low near $0.012 to break above $0.03 by mid-July. The move followed a clean breakout from a multi-week consolidation, with technical analysts flagging key Fibonacci levels and RSI signals as central to its next direction.
Independent analyst Eldarone, who previously marked the $0.02 bottom, pointed to a breakout above $0.03 as confirmation of bullish continuation. He noted resistance at $0.035 and projected $0.042 as the next major upside target if that level flips. The analyst also flagged a possible pullback near $0.032 as a potential reentry zone.
AliferCrypto echoed the short-term bullish structure, noting that PENGU was hovering around the 1.618 Fibonacci extension at approximately $0.030. He warned that RSI had entered overheated territory at 81, indicating room for cooling before another leg higher. If momentum fades, the analyst identified $0.022 as a key downside support to monitor.
A clean technical structure, visible resistance-response levels, and an active community engaged in tracking its breakouts could help PENGU price continue its rally in the coming weeks. Capital rotation, and retail traders looking for quick profits are would likely scope out smaller cap projects like PENGU, BONK, etc.
Fartcoin Technicals Has Traders Excited
Fartcoin price broke out sharply this week. This was in conjunction with the wider market. However, the token’s July performance has not been as impressive as its peers, BONK and PENGU. The ongoing breakout from its consolidation could attract more buyers to the market. As such, retail traders and those looking to rotate their BTC USD or ETH USD profits might sniff around the token, pun intended.
X-based analyst Shadow flagged the $1.53 to $1.57 band as the final resistance cluster before a potential move toward all-time highs. His analysis projected a near 74% upside if the breakout confirms. This would place the short-term target in the $2.70 zone. The analyst noted that the move came later than other memecoins, suggesting FARTCOIN could be in the early stages of a delayed rotation.
Morever, a trader, GamerGenie, posted a symmetrical triangle that had been forming for over three months and suggested that the breakout at $1.50 could validate the bullish scenario of the structure. Additionally, crypto trader and analyst Crypto Tigers added that a 26% gain was already realized on lower timeframes following a strong two-hour breakout from $1.23. This further reinforced the short-term momentum.
While the fundamentals remain tied to meme sentiment, traders are watching the chart closely as Fartcoin price continues to compress beneath its final breakout level.
Fartcoin earns its spot on the watchlist for combining late-cycle timing and a clearly defined breakout threshold. How the token behaves around the $1.57 level may dictate whether it becomes another short-lived spike or a sustained leg toward prior highs.
The three tokens, BONK, PENGU, and FARTCOIN, have capital rotation as the main cue for driving the speculations of their impending bull run.
