The post Memecoins to watch this week: PENGU, BONK, POPCAT appeared on BitcoinEthereumNews.com.

Memecoins PENGU, BONK, and POPCAT are all setting up for a potential leg higher, having recently pulled back to key support zones and now showing early signs of momentum shift. Pudgy Penguins (PENGU) price recently bounced from a confluence support zone, formed by the rising trendline and a horizontal support range around $0.0088–$0.0090. Momentum indicators are showing early signs of a potential reversal, with a bullish divergence on the RSI and flattening MACD histogram with the signal lines nearing a potential bullish crossover. However, PENGU price remains below the 20-day EMA and 50-day SMA, and the broader downtrend from May is still intact as the price hasn’t yet made a higher high above the last significant swing high. A confirmed break and close above the $0.012–$0.013 resistance zone, marked by the recent swing high and 50-day SMA, would be needed to shift the bias fully bullish. Source: TradingView Bonk (BONK) price has formed a falling wedge pattern on the daily chart. The memecoin‘s price has recently bounced off the lower trendline of the wedge, establishing support in the $0.00001370–$0.00001410 zone. The upper trendline resistance currently intersects around the $0.00001650–$0.00001680 range, aligning with the 20-day EMA — creating a zone of confluence that strengthens its significance as a potential breakout level. Technically, there’s a slight bullish divergence on the RSI — while BONK price made a lower low during the most recent pullback, the RSI formed a higher low, suggesting weakening bearish momentum. Additionally, the MACD histogram is contracting toward the zero line, supporting the case for a possible upside move. The next major resistance lies around $0.00001860, aligning with the 50-day SMA and a previous support-turned-resistance level. The next level to watch is $0.00002100, a key horizontal resistance from late May as well as a swing high in late April. The final target, near $0.00002580, represents the…

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Filed under: News - @ June 16, 2025 9:28 am