Memecoins Surge 78% as Institutional Interest and Regulatory Approvals Drive Bullish Momentum

Memecoins have experienced a resurgence, driven by institutional interest, significant announcements, and bullish market patterns. This surge has led to explosive price movements across several prominent memecoins, including BONK, FLOKI, FARTCOIN, and PEPE.

BONK, a memecoin on the Solana blockchain, has seen a significant boost following a 100 billion token burn by the Bonk DAO in mid-July. This move, which reduced the circulating supply, was followed by Grayscale adding BONK to its Q3 watchlist, a notable endorsement from institutional circles. The combination of reduced supply and increased legitimacy has driven BONK through key resistance levels, with a 78% rally in one week, reaching a local high of $0.000039. Technically, BONK has completed a parabolic arc breakout after a three-month consolidation range, supported by rising volume and large candle bodies, indicating strong bullish momentum. The next resistance levels are at $0.000045 and $0.000055, aligning with December’s local top.

FLOKI has also surged after becoming the first meme coin with a MiCAR-compliant whitepaper, earning EU-wide regulatory approval. This regulatory milestone, coupled with the booming metrics of the Valhalla game—over 1 million transactions and 125,000 NFTs minted in just two weeks—has added real utility to the FLOKI ecosystem. The price action reflected this positive news, with FLOKI breaking out of a falling wedge and jumping 30% to $0.000142 on record volume. Technically, FLOKI has flipped its 200-day EMA and is now testing the $0.000013 level as new support. The RSI signals strength, while the MACD has confirmed a bullish crossover. As long as the $0.0000128–$0.000013 level holds, continuation toward $0.0000165 and $0.000027–$0.000028 remains likely.

FARTCOIN has shown classic continuation behavior after breaking out of a textbook cup and handle formation on the daily chart. The breakout above $1.46 confirms the handle’s upper trendline and sets the stage for a potential measured move to the $2.00–$2.47 range. This pattern began forming in early February, with price curling up through a broad rounded base and topping near $1.60 in late May. The subsequent “handle” pullback was orderly, descending into a tightening wedge that held firm near $1.10, now confirmed as major support. Buyers stepped back in last week, pushing through the upper channel resistance and confirming a bullish continuation. If bulls can hold above $1.32, the odds favor a grind higher into the $1.99–$2.47 region, with $2.47 being the technical pattern target.

PEPE has broken out above the $0.0000118 level after weeks of consolidation, flipping a key resistance into support. This level previously capped rallies in June and July, making the breakout technically meaningful. Volume has steadily increased during this move, signaling real interest behind the push. The chart shows a textbook breakout from a rounded bottom pattern, with price now hovering around $0.0000134. If momentum holds, bulls could target the next resistance at $0.0000145 and $0.0000162. A more extended move could reach $0.0000185–$0.0000192, where PEPE last formed a lower high before the February dump. Immediate support lies at $0.0000118, followed by $0.0000093. Holding above $0.0000118 keeps the bullish structure intact. Momentum remains favorable as long as volume stays elevated and price respects higher lows.

In summary, the surge in memecoins like BONK, FLOKI, FARTCOIN, and PEPE is driven by a combination of institutional interest, regulatory approvals, and game-changing announcements. These factors have created bullish patterns and momentum, leading to significant price movements. The technical indicators and chart patterns suggest continued upward momentum for these memecoins, with key resistance and support levels to watch in the coming days.