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With market sentiment improving, memecoins have taken center stage in this week’s cryptocurrency rally. This surge has been fueled by easing US–China trade tensions and softer US inflation data, which have revived hopes of earlier Federal Reserve rate cuts.

Following these developments, the global cryptocurrency market cap rose to $3.59 trillion on June 11, with daily trading volumes reaching $135.14 billion. Bitcoin (BTC) briefly surpassed $110,000, Ethereum (ETH) reclaimed $2,800, and XRP stabilized around $2.30.

Although the top three cryptocurrencies have seen modest pullbacks, Bitcoin’s recent momentum has sparked renewed interest across the broader market. Notably, altcoins and memecoins have led the charge this week. Below, we explore some of the best-performing memecoins worth monitoring.

Fartcoin (FARTCOIN)

Fartcoin, a Solana-based memecoin inspired by Elon Musk’s sense of humor, has experienced a remarkable 47.8% surge over the past seven days. Its market capitalization now exceeds $1.3 billion.

The token is expected to stay in the spotlight with its highly anticipated listing on a major exchange on June 12. Ahead of this event, perpetual futures for Fartcoin will also be accessible on advanced trading platforms.

From a technical perspective, Fartcoin has broken out of a falling wedge pattern, a bullish indicator. The token is currently trading above its 50-day moving average, and the MACD has signaled a bullish crossover, which often precedes extended rallies.

If the current trend holds, Fartcoin could retest the $1.64 resistance level in the coming days.

SPX6900 (SPX)

SPX6900, a memecoin with a playful goal of challenging traditional markets, has been on a five-day rally, reaching an all-time high of $1.73 on June 11. Its market cap has soared from $275 million in March to nearly $1.6 billion.

This week, SPX6900 has drawn attention for two main reasons:

  • Community Strength: Despite its official social media account being suspended, the token continues to rally, underscoring strong community support.
  • Whale Activity: Large holders now control over 106 million SPX tokens, up from 105 million in mid-May. Additionally, the number of SPX tokens on exchanges has declined, signaling that investors are holding rather than selling.

Technically, SPX6900 is forming a cup-and-handle pattern on the daily chart, which often indicates further upside potential. The Chaikin Money Flow (CMF) is positive, showing buying pressure, while the Aroon Up indicator remains at 92.86%, signaling a strong uptrend.

SPX6900 could push higher after a brief consolidation phase if bullish momentum persists.

AURA

AURA has seen an explosive 9,700% increase in the past week, climbing from $0.00090 to $0.090. Its market cap has skyrocketed from $1 million to nearly $83 million during this period.

The sudden surge is attributed to a significant whale accumulation, rumored to be linked to the SPX6900 community. Over $500,000 worth of AURA was deployed across decentralized exchanges in just a few hours, sparking a buying frenzy among retail traders. Over 215 wallets interacted with the token during its peak activity, driving daily volumes up by more than 100,000%.

However, technical indicators like the MACD and Relative Strength Index (RSI) suggest that AURA is now in overbought territory, hinting at a potential pullback. Despite this, its low circulating supply and speculative appeal could sustain momentum in the short term.

AURA’s rapid rise is speculative and high-risk, with potential for sharp corrections as early investors take profits.

While the current memecoin rally has captured widespread attention, investors should approach these tokens with caution. Their extreme volatility and lack of fundamental utility make them risky investments, suitable only for those with a high risk tolerance.

Disclosure: This article is for educational purposes only and does not constitute financial or investment advice.

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