Memecoins DOGE, PEPE, PENGU at Key Support: 100–172% Upside
Memecoin prices are deeply oversold as Dogecoin (DOGE), Pepe (PEPE) and Pudgy Penguins (PENGU) trade near key support levels. DOGE has formed lower highs and lows around a converging trendline at $0.15–$0.20. A decisive break above $0.18–$0.20 resistance, confirmed by an oversold weekly Stochastic RSI cross, could spark a near-100% rally toward $0.31 and $0.475. PEPE is holding at $0.0000059–$0.0000072 support, with RSI breaking its downtrend. An upside pivot may test $0.000009, $0.0000125 and $0.0000155–$0.000016 Fibonacci targets. PENGU retested the bottom of a weekly bull flag at about $0.0145. Its bottomed Stochastic RSI needs a trendline break to fuel a move to roughly $0.057. Traders seeking high-risk, high-reward memecoin plays can monitor these defined entry zones and upside targets, while managing extreme volatility and broader market trends.
Bullish
This news is categorized as bullish because all three memecoins—DOGE, PEPE and PENGU—are trading at strong technical support after steep declines and show clear bullish reversal signals. Each asset sits at or near horizontal and trendline support, with weekly Stochastic RSI readings in oversold territory and breaking downtrend patterns. Historical reactions to similar setups often trigger sharp bounces once key resistance levels are cleared. The identified Fibonacci targets (38.2%, 61.8%) and flag break projections offer defined upside objectives. While volatility remains high, these memecoins present structured entry zones and upside catalysts that could drive short-term rallies and attract momentum-based traders.