Are Bonk, Popcat About To Mirror The 500% Fartcoin Rally?
Popcat POPCAT/USD and Bonk BONK/USD are benefiting from Fartcoin FARTCOIN/USD 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. $POPCAT I reentered this one yesterday, still love the chart. Never got filled on my lower orders but that's ok, you can always add on the way up. Haven't TP anything yet and potentially going to add to my position on a breakout. This chart looks a bit like Fartcoin on the break pic.twitter.com/ne6e4cOYuQ— Altcoin Sherpa (@AltcoinSherpa) April 22, 2025 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. Read Next: Dogecoin, Shiba Inu Struggle As Fartcoin Surges Past $1 Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.