Top Memecoins to Buy Now: SPX, FLOKI, FARTCOIN

Despite a slight downturn in the broader crypto market, memecoins like SPX6900, FLOKI, and Fartcoin are showing signs of bullish reversals. Technical indicators and recent price movements suggest these tokens could soon breach key resistance zones, sparking further gains.

Memecoins Buck the Downtrend

On July 17, the overall crypto market slipped nearly 2%, dragging the total valuation down to $3.8 trillion. However, memecoins surged in contrast, posting a 5.7% sector-wide gain during the same period.

This divergence comes as Bitcoin recently touched a fresh all-time high above $123,000 on July 14. While it has since settled around $118,000, Bitcoin’s rally appears to have rekindled appetite for risk across the market. Ethereum, in particular, has outperformed with a 9% gain over the past 24 hours, climbing to $3,450 — its highest level in seven months.

In the past week alone, Ethereum has advanced by 23.4%, well ahead of Bitcoin’s 6.4% increase. Analysts interpret this shift as a potential weakening of Bitcoin dominance, a pattern often seen before altcoins begin to surge. Historically, these transitions have set the stage for capital to flow from Bitcoin to Ethereum and eventually into mid- and small-cap assets — especially memecoins.

Let’s explore the three memecoins currently catching investor attention.

SPX6900: Testing a Bullish Breakout

SPX6900 has been on a tear lately, gaining 20% over the last seven days and reaching a peak of $1.89 on July 16 before slightly retracing to $1.81. The memecoin has skyrocketed more than 520% since its lowest point this year.

The rally was sparked by a breakout from a bull-flag pattern, a formation typically signaling further upside. Now, SPX is eyeing a crucial resistance level that aligns with the neckline of a cup-and-handle setup — another textbook bullish pattern.

Technically, the asset is trading comfortably above both its 50-day and 200-day moving averages, reinforcing the strength of its current uptrend. A decisive break above the $1.81 neckline with strong trading volume could propel SPX toward its next target of $2.77, representing a 53% upside from its present price.

FLOKI: Reclaiming Momentum

FLOKI has also attracted fresh buying interest. The token is currently priced at $0.000132, having surged 44.5% over the past week — most of that within the last 24 hours. From its low in April, FLOKI has now gained 175%.

The recent breakout from a long-standing descending trendline has reignited bullish sentiment. FLOKI also managed to flip this resistance into new support after a successful retest. It’s further strengthened its outlook by escaping a downward parallel channel that had constrained its price since May.

Now, FLOKI faces resistance at the 61.8% Fibonacci retracement level of $0.000167. A daily close above this point could open the door to $0.000196 — the 78.6% Fibonacci level — suggesting a potential upside of around 52%.

Additional tailwinds come from on-chain activity. According to analytics platform Nansen, the number of active addresses more than doubled in the last 24 hours, pointing to growing network usage. Speculation about a possible Robinhood listing has also amplified bullish sentiment.

Fartcoin: Pushing Toward Yearly Highs

Fartcoin has gained 21.3% in the past week and is now priced at $1.44, bringing its market cap to approximately $1.43 billion. From its year-to-date low in June, the token has soared over 550%.

Currently, Fartcoin is pushing against the upper edge of an ascending price channel that began forming after its drop to $0.80. This boundary now serves as a key resistance level, and breaking above it could reignite upward momentum.

The token maintains its position above the 50-day moving average, underscoring the ongoing strength of the trend. Moreover, momentum indicators such as the MACD are leaning bullish, suggesting that positive sentiment is intact.

If Fartcoin can push past the $1.46 resistance — which coincides with the 50% Fibonacci retracement — it may aim for its previous high of $2.70, an 87% climb from current levels.

What This Could Mean for the Market

The divergence between Bitcoin’s consolidation and the memecoin sector’s rally reflects a broader pattern of risk-on behavior. Historically, this kind of capital rotation has fueled the most aggressive rallies in speculative tokens.

While volatility remains a constant in the crypto space, technical setups across SPX6900, FLOKI, and Fartcoin suggest that traders and investors alike are betting on further upside — provided key resistance levels can be broken in the days ahead.

As always, risk management remains crucial, but momentum appears to be shifting toward the speculative edge of the crypto market once again.