April has been a remarkable month for memecoins, especially Solana-based tokens, which have seen a surge in both gains and market capitalization. Fartcoin (FARTCOIN) has emerged as the top-performing solana memecoin in April, with a staggering 171.42% increase for the month. Currently priced at $1.15, Fartcoin boasts a market cap of $1.14 billion and a 24-hour trading volume of $255.86 million.
On the other hand, Pudgy Penguins (PENGU) has experienced a significant 136.35% gain over the past week, pushing its price to $0.01203. Despite a monthly climb of 102.02%, PENGU slipped from 3rd to 6th place in the monthly performance rankings of memecoins since April 28th.
The surge in PENGU’s price has outperformed TRUMP coin this week, which rallied 62.42%. However, PENGU’s rise has not garnered the same level of attention as TRUMP coin, which is hosting an exclusive event for its top 220 holders on May 22 in New Jersey.
Another notable performer in April has been Brett (BRETT), priced at $0.06493 with a monthly gain of 110.71%. Bonk (BONK) has also reported a monthly return of 75.25%, currently priced at around $0.00002019 with a 24-hour trading volume of $382.43 million.
PENGU coin has shown impressive bullish strength, rallying over 260% from its base around $0.0040 to a recent high of $0.0144. After a slight pullback, the price is currently hovering at $0.0118, near the key short-term support zone of $0.0100–$0.0110. Maintaining this support level is crucial for potential price action and further upward momentum.
Meanwhile, FART Coin continues to follow a classic bullish cup and handle pattern on the daily chart. The price has completed the cup structure and is now forming a shallow handle just below the $1.30 resistance level. The immediate challenge for FART Coin lies at $1.30, which serves as the “handle resistance.” A breakout above this level could trigger a move towards $1.60–$1.80 resistance targets.
In terms of momentum indicators, both RSI and MACD are showing positive signs for both FART Coin and PENGU. RSI is comfortably below the overbought threshold, indicating continued bullish momentum without exhaustion. The MACD line and signal line are also in a bullish crossover, reflecting positive momentum.
Overall, both FART Coin and PENGU have shown strong performance in April, with potential for further growth if key support levels are maintained. Investors should keep a close eye on breakout levels and upside targets to capitalize on the bullish market structure of these memecoins.