- PENGU, BONK, and POPCAT have all bounced off key help ranges and are displaying early indicators of bullish divergence on RSI and MACD.
- BONK and POPCAT each shaped falling wedge patterns, hinting at potential breakouts if resistance zones are breached.
- PENGU nonetheless must clear the $0.012–$0.013 zone to substantiate a bullish pattern shift; till then, the broader downtrend stays in place.
It seems to be just like the memecoin crowd isn’t completed simply but. After some heavy dips, PENGU, BONK, and POPCAT are all displaying indicators they is perhaps prepared for an additional push increased. Every of them simply tapped into key help zones and—although nothing’s confirmed but—momentum might be shifting.
PENGU Attempting to Wake Up
PENGU simply bounced off a reasonably respectable help combo—its rising trendline and that horizontal zone between $0.0088 and $0.0090. You’ve additionally bought a little bit of a bullish divergence displaying up on the RSI, and the MACD’s histogram is flattening, with a doable crossover creeping up.
Now, right here’s the factor—PENGU remains to be caught beneath its 20-day EMA and 50-day SMA, and that broader Could downtrend hasn’t been damaged but. It hasn’t printed a correct increased excessive both, so bulls don’t have the higher hand but. A stable break and shut above $0.012–$0.013 would flip the script and at last get issues wanting bullish once more.
BONK Eyes Wedge Breakout
BONK is placing collectively a falling wedge on the each day chart—traditional setup. The worth simply bounced off the decrease wedge line, discovering some help within the $0.00001370–$0.00001410 zone. The higher resistance trendline is hovering close to $0.00001650–$0.00001680, which matches the 20-day EMA too. That might be the spark if bulls can push by way of.
There’s additionally somewhat RSI divergence happening—worth made a decrease low, however RSI didn’t, which normally means sellers are dropping steam. MACD’s histogram is creeping again towards zero too, hinting we’d see some bullish vitality kick in.
If it does get away, regulate $0.00001860 first—that strains up with the 50-day SMA and an previous help degree. After that, it’s $0.00002100 and perhaps even $0.00002580 if this wedge actually performs out.
POPCAT Desires In On the Motion
POPCAT’s chart is kinda echoing BONK’s—it’s additionally shaped a falling wedge and simply tapped help between $0.29 and $0.31. The higher wedge resistance is up round $0.37–$0.38, which additionally occurs to be the place the 20-day EMA is chillin’.
There’s a pleasant RSI divergence forming right here too, plus MACD is slowly curling up. Nothing explosive but, nevertheless it’s setting the stage.
If bulls can flip $0.42, that brings us to the 50-day SMA and a earlier swing excessive. From there, if momentum actually picks up, we might be speaking $0.50—and even a run to $0.60–$0.65 if it pulls off the total wedge transfer.