3 Meme Coins That Could Explode Before August Ends
Memecoins are back in the spotlight—whether that’s a good thing depends on your risk tolerance. Here are three tokens flashing bullish signals as we hit mid-August.
Dogecoin (DOGE): The OG memecoin keeps defying gravity. Whales are accumulating, and Elon’s latest tweetstorm could light the fuse.
Shiba Inu (SHIB): The ‘Dogecoin killer’ just burned 10B tokens—typical hype cycle or real momentum? Check the on-chain data before FOMO kicks in.
Pepe (PEPE): The green frog’s 30% weekly pump smells like a classic ‘buy the rumor’ play. Just remember: what goes up fast usually comes down faster.
Pro tip: If you’re trading these, set stop-losses—unless you enjoy donating to crypto casinos.
Comedian (BAN)
BAN has emerged as one of the top-performing meme coins this week, posting a 31.6% rise over the past seven days. Currently priced at $0.068, the cryptocurrency shows strong upward momentum. This surge highlights renewed interest in BAN.
BAN is now testing the resistance at $0.069, a level that has hindered its progress for over a month. However, the presence of the Parabolic SAR indicator below the candlesticks suggests the uptrend is active. If buying pressure continues, BAN may finally breach this barrier, pushing it toward $0.074.
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However, if investor sentiment shifts and selling pressure intensifies, BAN could fall below its support at $0.067. A decline to $0.063 or lower could invalidate the bullish outlook, signaling caution for traders and possibly initiating a broader correction.
Useless (USELESS)
USELESS experienced volatility this week but managed to post a 12% rise, currently trading at $0.292. The meme coin is testing this price level as support, showing some stability after recent fluctuations.
The Ichimoku Cloud indicates bullish momentum for USELESS, suggesting it could bounce off $0.292. If this uptrend continues, the price could rise to $0.364, a key resistance level. Breaking through this barrier is essential for USELESS to challenge its all-time high of $0.441 and attract further investor interest.
However, bearish pressure could lead to a downward reversal, pushing USELESS below its support levels. If selling accelerates, the coin could dip through the $0.292 and $0.249 supports. Such a decline WOULD undermine the bullish outlook.
Pudgy Penguins (PENGU)
PENGU has seen a significant 21% drop over the past week, causing concern among investors. Currently trading at $0.0314, the meme coin has reached a near-monthly low. This decline raises questions about the sustainability of its recent bullish momentum and the likelihood of further price erosion.
Despite the downturn, PENGU remains above the critical 50-day exponential moving average (EMA), signaling potential for a recovery. To regain lost ground, the coin must reclaim the $0.0322 support level. Doing so would offer hope for a bounce back and restore investor confidence in the short term.
If the selling pressure persists, PENGU risks falling below its support at $0.0298. A deeper slide could push the meme coin toward $0.0280 or lower, further dampening market sentiment.
