Memecoins Pepe (PEPE), Dogwifhat (WIF), and Popcat (POPCAT) are flashing classic bullish patterns on their daily charts, signaling the potential for explosive rallies in June.
From broadening wedges to bull flags and cup-and-handle formations, technical indicators suggest that these tokens could see gains ranging from 47% to over 100% if current setups confirm with breakout momentum.
The memecoin has rebounded strongly off the lower boundary of the wedge while holding above its 50-day and 200-day exponential moving averages (EMAs), which have just formed a golden cross.
As of June 3, PEPE’s immediate upside target lies near the 0.5 Fib level at $0.00001609. A full extension of the breakout could lift PEPE to the 0.618 Fib level at $0.00001854, a potential 47% move from current levels.
Dogwifhat (WIF) is flashing a textbook bull flag pattern on its daily chart, raising the probability of a breakout rally toward $1.90 in June.
After a strong move from around $0.30 to nearly $1.40 in April and May, the memecoin has entered a brief consolidation phase, forming a downward-sloping channel — a structure typically viewed as a continuation signal following a sharp uptrend.
WIF’s recent bounce from the flag’s lower boundary, coupled with support from the 50-day EMA near $0.85, suggests renewed buying interest.
If bulls manage to push the price above the flag’s upper trendline and reclaim the $1.15–$1.20 range, the breakout move could target the measured height of the prior rally. This sets the technical upside near $2.00, a level that also aligns with previous breakdown support from January 2025.
Moreover, the RSI remains neutral near 53, providing room for further upside without immediate overbought risks.
POPCAT is forming a classic cup-and-handle pattern on its daily chart, potentially setting the stage for a breakout rally toward $2.49 long-term, and a 100% rally toward $0.84 (0.382 Fib line) in June.
The rounded “cup” base formed between February and May reflects a period of accumulation and trend reversal, while the ongoing “handle” — a downward-sloping consolidation — is typically viewed as the final phase before a breakout continuation.
Technically, a breakout above the handle’s upper trendline and the neckline resistance near $0.55 could validate the pattern, with a measured move target near $2.49.
The target is derived by projecting the depth of the cup ($0.90–$0.10) above the breakout zone. Supporting the bullish outlook is POPCAT’s defense of the 50-day EMA near $0.40 and an RSI rebound from near-oversold territory at 47.
Still, for the pattern to play out, bulls must reclaim the 200-day EMA (~$0.48) and flip prior resistance into support.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.