After a quiet spell in the meme coin market, Pudgy Penguins (PENGU) is turning heads again—leading what could be the next big comeback wave in crypto's most playful sector. With mixed signals and major upside potential, PENGU's recent activity has sparked renewed interest across the board. In this breakdown, we analyze how coins like Popcat, Bonk, and Dogwifhat are reacting to shifting sentiment and whether they're ready to follow suit in the meme coin resurgence.
Pudgy Penguins (PENGU) Shows Mixed Signals with Potential for Growth
Source: tradingview
Pudgy Penguins (PENGU) is currently priced just under one cent at $0.008963. It sits well above a strong support of about $0.0041. The coin has a series of resistance levels poised much higher at $11.57 and $1500, suggesting significant growth potential if it can climb. Recently, it's gained over 15% in six months, though it dipped over the last week. With a 10-day moving average around $23.78, PENGU's current price seems undervalued but shows room to grow. At current momentum, rising to the first resistance could offer a staggering increase of thousands of percent, highlighting a speculative interest in this cryptocurrency.
Popcat Eyes Recovery with Recent Price Bounce
Source: tradingview
Popcat (POPCAT) is showing some upward movement, currently priced between 27 and 34 cents. After a rough few months, the coin has seen a noticeable weekly improvement of nearly 18%. This is likely due to newfound interest at its recent low. The coin's relative position under its 10-day moving average hints at more gains. It might soon test the resistance level of 37 cents. If it breaks through, it could target 44 cents, a potential rise of around 30% from its current range. With momentum on the rise, POPCAT could be on the path to rebound, despite a rocky few months showing a nearly 66% dip.
Bonk on the Rise: Could These Levels Be Key?
Source: tradingview
Bonk (BONK) has shown some interesting movements lately. It's currently swinging between the price range of $0.0000129866 and $0.00001611. The coin faced a weekly rise of over 24%, which hints at a growing interest among traders. However, it has dipped slightly over the past month, showing a small drop of about 2.57%. If Bonk manages to break through the nearest resistance level of $0.00001722, it could aim for the next target near $0.00002035. This would mean a potential increase of around 27% from its current range. As it stands, Bonk is hovering below its 10-day moving average, but things might turn bullish if momentum picks up.
Dogwifhat (WIF) Sees Hope for a Comeback Despite Recent Drop
Source: tradingview
Dogwifhat (WIF) is bouncing around $0.72 to $0.96, but there's room to climb. If it hits the resistance at $1.05, that’s about 40% up from the lowest price today. Should it manage to break through to the second resistance at $1.27, dogs might bark at a jump of nearly 80% from the current price. The Relative Strength Index suggests WIF is oversold, hinting at a possible price rise. Although it's down over 60% in the past six months, recent weeks have seen a small bounce of 14%. With sturdy support at $0.59, there’s potential for upward movement, especially if general market trends turn bullish.
Conclusion
While Pudgy Penguins may be setting the tone for this meme coin revival, the real story lies in the contenders lining up behind it. Popcat shows signs of recovery, Bonk is teasing a breakout, and Dogwifhat is clawing back from oversold levels. As speculation builds, these coins could ride the wave of market optimism—making now a crucial moment for meme coin watchers to keep their eyes on the charts.
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.
