Popcat (CRYPTO: POPCAT) and Bonk (CRYPTO: BONK) are benefiting from Fartcoin (CRYPTO: FARTCOIN) crossing the $1 milestone, with traders speculating they might mirror the latter’s rally.
What Happened: Popcat and Bonk are up 25% and 9%, respectively, on the day.
Prominent trader Altcoin Sherpa highlighted Popcat’s promising chart structure, stating that he is considering adding to his position if a breakout confirms.
Trader Meta Gorgonite echoed this optimism, comparing Popcat to the initial stages of Fartcoin’s rally.
Trader CRG highlighted a 42-day base formation and a clean double bottom setup on Bonk.
It recently flipped the monthly open and is making a play to re-enter the daily Ichimoku cloud—a bullish technical signal.
CRG is confident a breakout could be imminent if macro conditions remain constructive.
Meanwhile, Degengambleeh projects Bonk could hit a $20 billion valuation in 2025, calling it a "easy hold" for meme coin believers.
Also Read: Meme Coin Market Is ‘Very Much Alive’: Can Dogecoin, Shiba Inu, Fartcoin Bounce Back?
Why It Matters: Despite the optimism from some corners of Crypto Twitter, others remain cautious.
Crypto trader ElonMoney argued that the macro environment isn't conducive to a full-blown altseason just yet.
With inflation still elevated and the dollar under pressure, retail appetite for speculative plays has remained muted.
He believes only the top 1% of altcoins may reclaim their former highs, while 99% could remain underwater unless macro trends improve.
TheDefiVillian, another trader, agrees.
He continues to short altcoins, favoring a long position in Bitcoin while staying defensively positioned in alts.
According to him, the altcoin market remains structurally bearish, and he expects that to persist.
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