Memecoins PENGU, BONK, and POPCAT are all establishing for a possible leg increased, having not too long ago pulled again to key help zones and now displaying early indicators of momentum shift.
Pudgy Penguins (PENGU) value not too long ago bounced from a confluence help zone, shaped by the rising trendline and a horizontal help vary round $0.0088–$0.0090.
Momentum indicators are displaying early indicators of a possible reversal, with a bullish divergence on the RSI and flattening MACD histogram with the sign strains nearing a possible bullish crossover.
Nevertheless, PENGU value stays beneath the 20-day EMA and 50-day SMA, and the broader downtrend from Could remains to be intact as the worth hasn’t but made a better excessive above the final important swing excessive. A confirmed break and shut above the $0.012–$0.013 resistance zone, marked by the latest swing excessive and 50-day SMA, can be wanted to shift the bias absolutely bullish.
Bonk (BONK) value has shaped a falling wedge sample on the day by day chart. The memecoin‘s value has not too long ago bounced off the decrease trendline of the wedge, establishing help within the $0.00001370–$0.00001410 zone. The higher trendline resistance at present intersects across the $0.00001650–$0.00001680 vary, aligning with the 20-day EMA — making a zone of confluence that strengthens its significance as a possible breakout stage.
Technically, there’s a slight bullish divergence on the RSI — whereas BONK value made a decrease low throughout the newest pullback, the RSI shaped a better low, suggesting weakening bearish momentum. Moreover, the MACD histogram is contracting towards the zero line, supporting the case for a attainable upside transfer.
The following main resistance lies round $0.00001860, aligning with the 50-day SMA and a earlier support-turned-resistance stage. The following stage to look at is $0.00002100, a key horizontal resistance from late Could in addition to a swing excessive in late April. The ultimate goal, close to $0.00002580, represents the total measured transfer of the wedge and coincides with a serious swing excessive from the start of the wedge’s higher trendline.
Equally, POPCAT (POPCAT) value has shaped a falling wedge sample and has not too long ago bounced from the decrease boundary of the wedge, establishing help close to the $0.29–$0.31 zone. The higher wedge resistance at present tasks towards the $0.37–$0.38 vary, aligning carefully with the 20-day EMA, which marks a possible breakout stage.
Technically, there’s bullish divergence forming on the RSI. The MACD histogram can be progressively contracting towards the zero line, hinting at a attainable bullish crossover within the close to time period.
Wanting forward, the instant main goal is round $0.42, which aligns with the 50-day SMA and the earlier swing excessive. An extra breakout above this zone might see value focusing on the $0.50 stage, adopted by a full measured transfer projection towards the $0.60–$0.65 space — aligning with the primary swing excessive inside the wedge.
