Meme Coin Mania: 3 Hype-Driven Picks Defying Gravity (And Common Sense) This May
Dogwifhat leads the pack—up 300% since April—as traders chase the ’next Dogecoin’ despite zero utility. Pepe Coin surges on NFT speculation, while Floki rides Elon Musk’s tweet-induced volatility like a rodeo clown.
Technical patterns scream ’overbought,’ but since when did crypto care about fundamentals? Each coin flirts with all-time highs as retail FOMO drowns out the SEC’s weary sighs. Pro tip: Set stop-losses before the ’community’ remembers these are joke tokens.
Fartcoin (FARTCOIN)
Fartcoin is a relatively new meme coin. It was launched in the final quarter of 2024, and has since emerged as one of the hottest meme coins on the solana ecosystem.
Fartcoin has already overtaken the majority of other joke currencies in terms of market cap and has amassed a large online community as well, which continues to supply the hype needed for Fartcoin to sustain its uptrend.
From a technical perspective, FARTCOIN looks poised for further gains ahead. It has recently broken out of a cup and handle pattern and tore above the key resistance around $1.23 level. A bunch of its other technical indicators are bullish as well.
The RSI, for example, has remained in the bullish territory above 50 since early April. MACD is also positive, and the trading volume has been on the rise. These suggest that FARTCOIN will rip even higher before the end of the month.
Pepe (PEPE)
Pepe has all the hallmarks of an exciting meme coin to buy. These include the fact that it’s wildly popular, resilient, and has the backing of a large community, which keeps it popular enough to remain in uptrend.
From a technical perspective, Pepe has been in consolidation throughout March and April, after an extended phase of price drop, from its all-time high of $0.00002825 set in December 2024 to around $0.000005307 in early March.
PEPE has since broken out of a bearish flag pattern. At the time of writing, PEPE trades around $0.00001356 and multiple indicators hint at a possible massive rally in the back half of 2025.
Dogecoin (DOGE)
Dogecoin is the oldest and arguably the most popular dog-themed meme coin. It enjoys a large following and is also the largest joke crypto by market cap. For months, Doge price action has been rather disappointing.
Though there are two logical explanations for this. The first was the negative publicity that Elon Musk was receiving for his role in the TRUMP administration. The second was the many negative news that turned the investor sentiment towards the market bearish.
At the time of writing, however, Elon Musk has made clear his intention to leave active roles in the Trump Administration.
Secondly, the crypto market is hugely bullish after the US-China tariff war truce. The technicals are also supportive of a bullish run for DOGE. This is evidenced by a bullish RSI reading, positive MACD, and growing trading volumes.
In conclusion, these popular meme coins are reacting to a bullish market by breaking off bearish patterns and hinting at a bull rally.
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