The meme coin market is heating up again, led by Pudgy Penguins (PENGU), which has skyrocketed 128% in a stunning price surge. This explosive move signals renewed interest in meme coins, a sector that had seemingly cooled off. In this article, we explore the factors driving PENGU’s breakout and highlight three other meme coins — Popcat, Turbo, and Dogwifhat — that are gaining momentum and could be next in line for major gains.
Pudgy Penguins' Current Surge: A Promising Rise
Source: tradingview
Pudgy Penguins (PENGU) is experiencing an upward trend. The current price is around $2.50. It faced resistance near $2.80 but found support at about $2.20. The next potential resistance level is $3.00. If it breaks this, it could climb to roughly $3.50, signaling a 40% jump from its support level. Short-term momentum is positive, with a 10-day average over $2.30 compared to a longer-term average of $2.00. The RSI hints it could go higher, though it's still below the overbought zone. Recent price changes show a weekly rise of 12% and a monthly gain of approximately 25%. Pudgy Penguins seems to be on a promising path with these figures.
Popcat (POPCAT) Gains Attention with Recent Price Surge
Source: tradingview
Popcat's price is moving between $0.30 and $0.42, showing strong recent growth. In the last week, it surged by over 36%, and it rose nearly 23% in the past month. These numbers indicate growing interest and potential. The coin could aim for the next level at $0.46 if momentum continues. The strong support near $0.23 suggests some stability. A significant climb could see it targeting around $0.58, which would be a substantial percentage increase from current levels. The coin’s strength is reflected in its relative index and moving averages, pointing to a lively market with potential for more upward moves.
Turbo (TURBO) Eyes Potential Climb Amidst Mixed Signals
Source: tradingview
Turbo (TURBO) is trading just under half a cent, somewhere between $0.0039 and $0.0048. It recently saw a weekly rise of over 50%, hinting at potential growth. However, it still lags from its 6-month-benchmark with a fall of about 27%. The price might break the $0.0052 mark, its nearest resistance. If it surpasses this, it could aim for $0.0062, reflecting a noticeable jump from current levels. On the downside, it has support at $0.0033 and further at $0.0023. Overall, despite short-term gains, buyers remain cautious with the RSI just balanced at 51.67, suggesting neither overbought nor oversold conditions.
Dogwifhat (WIF) Shows Promise Amid Recent Price Jump
Source: tradingview
Dogwifhat (WIF) is currently trading between $0.85 and $1.10. It recently gained over 30% in a week, showing strong upward momentum. The resistance is at $1.21, and support is at $0.71. If it breaks through $1.21, WIF could climb to $1.46, marking an increase of over 30% from current levels. With a 10-day average slightly above the current price, it shows short-term strength. The RSI is near 65, hinting it's not overbought yet. Long-term performance lags, but recent moves suggest potential. The next weeks may reveal if WIF can maintain this upward rally and reach its targets.
Conclusion
Pudgy Penguins' breakout has reignited meme coin enthusiasm, with coins like Popcat, Turbo, and Dogwifhat also showing signs of strong growth potential. While the market remains volatile, current momentum suggests this wave may be far from over. For investors keeping an eye on early-stage runs, these four meme coins are worth watching as the trend gains fresh traction.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
