With improvement of the market sentiment, Memecoins are central to this week’s crypto rally, driven by cooling the trade tensions of the US – China and softer American inflation data that have revived the hope of previously fed rate reductions.
After these developments, global crypto market capitalization climbed to $ 3.59 trillion on 11 June, with the daily trade volume that $ 135.14 billion reached. Bitcoin (BTC) shortly pushed past $ 110,000, Ethereum (ETH) won $ 2,800 back and XRP (XRP) was stable around $ 2.30.
Although the top three tokens saw modest pullbacks today, the momentum of Bitcoin led over the wider market, which puts the renewed interest in Altcoins, with memecoins that led the indictment last week.
Here some of the best performing memecoins are worth monitoring this week.
Crooked
Fartcoin (Fartcoin), a Solana -based memecoin born of Elon Musk for farts, has risen by 47.8% in the last 7 days and brought its market capitalization to more than $ 1.3 billion.
It is expected that this week will remain in the spotlight with a coinbase offer set before June 12 at 9 am pt. In anticipation of the Spotlijst, Coinbase will also launch Fartcoin Perpetual Futures on its advanced and international platforms.
On the daily graph, Fartcoin broke from a falling wig pattern, a formation that is often associated with bullish reversations. It is currently acting above its 50-day advancing average, while the MACD has flashed a bullish crossover, which is often a precursor for an extensive rally.
If this trend applies, the next target can be a retest of the level of $ 1.64.
SPX6900
SPX6900 (SPX), a memecoin with a tongue-in-cheek mission to turn traditional markets, collected five consecutive days and on 11 June a record height of $ 1.73.
This week, Token is attracting attention for two important reasons. First of all, keeping winning, even though his official X account has been suspended, a development that would usually harm sentiment. Instead, the continuing rally has emphasized the power and involvement of his community, which could attract further interest.
Secondly, the whale activity has been picked up. Large holders now control 106 million SPX tokens, more than 105 million mid-May. At the same time, the amount of SPX on exchanges has fallen noticeably, which is usually a sign that keeps investors, not selling, feeding even more hype and FOMO.
From a technical perspective, the SPX6900 forms a cup and handle pattern on the daily graph, an arrangement that often signals upside down.
The price seems ready to touch the upper limit around $ 1,742. As soon as it hits the goal, if it retires somewhat to form the “handle” and holds support, it can raise the stage for the next leg.
Moreover, the Chaikin money flow is positive, which indicates the purchasing pressure, while the Aroon is up at 92.86%, suggesting that a strong upward trend remains in force.
That is why if bulls have control, the SPX can continue to push higher after a short consolidation.
aura
Aura (Aura) has risen by more than 9,700% last week and climbs from around $ 0,00090 to $ 0.090, with his market capitalization jumping from just $ 1 million to almost $ 83 million. The memecoin had seen little to no activity for months, but suddenly stuck on 10 June after a wave of purchasing pressure.
Data on the chain suggests that a single whale accumulation, reportedly linked to the SPX community, played a key role in activating the rally. Allegedly, more than $ 500,000 in Aura was deployed in decentralized exchanges within a few hours, causing a price cascade when retail traders invade.
More than 215 portfolios had an interaction with the token during the peak pest and drove the daily volume by more than 100,000%.
On the daily graph, the MACD lines and the relative strength index have been moved far above the overbought levels, indicating that a potential withdrawal can be on the horizon.
Nevertheless, if the momentum continues and visibility is growing between trade forums and social media, Aura could see further upside down in the short term, especially given the low float and speculative attraction.
However, the lack of fundamentals, project updates or clear usefulness means that the rally is largely powered by sentiment and volatility. As with most parabolic runs, taking profit by early holders could activate just steep pullbacks, making Aura a risky, high-balance trade at the current level.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
