Key Highlights
- Meme coins – POPCAT, PNUT, and PENGU gained momentum after Robinhood announced their listing, driving investor interest despite broader market weakness.
- POPCAT surged 13.67% and is eyeing a breakout above $0.248, while PNUT saw an 8.50% rise, with holders and open interest surge.
- A bullish divergence and declining sell pressure suggest a relief rally for PENGU if breaks key resistance $0.0091$0.01 possible.
Three memecoins POPCAT, PNUT, and PENGU are trending on Coinpedia Markets, as Popular crypto and stock trading platform, Robinhood has announced the listing of these meme coins amid a downtrend within the crypto market.
Popcat (POPCAT)
Over the last 24 hours, POPCAT price has broken out its 10-day EMA at $0.188 and currently trading at $0.1926, a 13.67% rise. POPCAT has bounced off from its support level of $0.181 and is now heading to a resistance of $0.205.
Can POPCAT hit $0.31?
Popcat coin has a significant hurdle to break the resistance at $0.248. If macroeconomic market conditions and investor behavior improve, POPCAT may hit past the $0.210588 resistance.
A successful breach of this level might push the altcoin to reach $0.238 or $0.248, invalidating the current negative trend. This would indicate a shift in market behavior, potentially paving the way for a more prolonged rebound up to $0.31 this week.
However, if it is unable to break the $0.238 mark, the memecoin will most likely trade between $0.150 and $0.227.
Peanut the Squirrel (PNUT)
PNUT price hits a 24H high of $0.1801, up 8.50% in the past 24 hours. The price has climbed from a descending trendline resistance. The RSI jumped from 33.57 on March 10 to 63.73, suggesting bullish momentum. While the MACD is at -0.0124, indicating a potential buy signal as momentum shifts bullish.
Could $PNUT hit its Monthly High of $0.308?
If buying pressure continues PNUT token could break its next resistance at $0.1950 and $0.2150 this week. A sustained surge above $0.2150 may push PNUT toward the $0.2500 mark which it reached on March 2, 2025.
On-chain metrics are bullish, with PNUT holders increasing from 81,956 to 84,142 in the past week, while open interest surged 19% to $137.10 million in the last 24 hours. This indicates growing investor confidence and increased trading activity.
However, if the breakout fails, PNUT could trade between support at $0.15 and $0.13.
$PENGU coin is currently holding strong, displaying signs of potential reversal after an extended downtrend where it peaked at $0.046 on Jan 26, 2025. The 4-hour Relative Strength Index (RSI) has been consistently oversold, but a slight bullish divergence is forming.
Will PENGU Reclaims Past $0.01?
$PENGU divergence and decreased selling volume indicate that negative momentum is fading. Given the dramatic decrease, a relief rally could be on the horizon. A bounce from the $0.007 (small breakout level) resistance level is consistent with a probable reversal, as indicated by the RSI, which has exited the oversold zone.
If the $PENGU price breaks above minor resistance around $0.007, it is likely to move to $0.0091, and then to the target price of $0.01 this week. However, failure to sustain the $0.005 mark could lead to a decrease.
