3 Meme coins to follow in August: MemeCore (M), REKT, Pudgy Penguins (PENGU)

As the total market capitalization of Meme coins surpasses $73 billion, the altcoin market is experiencing a general rise. However, the leading Meme coin shows weak momentum, and the market focus in August shifts to potential small-cap Tokens. BeInCrypto provides a deep analysis of the technical aspects and price movement of the three major Tokens: MemeCore (M), Rekt (REKT), and Pudgy Penguins (PENGU), uncovering their potential big pump opportunities in August and offering the latest price analysis for crypto investors.

(Meme coin dark horse MemeCore (M) price analysis ) MemeCore (M) has become a leader in the Meme coin space since its launch, with an astonishing price movement of 911%. The current trading price is $0.557, and its explosive growth and strong market enthusiasm continue to attract the attention of the encryption community, indicating that there is still room for further upward movement in the altcoin market over the coming weeks. Especially since the rise in mid-July, this Token is moving towards two key targets: recovering the historical high (ATH) of $1.01 and breaking the $1.00 barrier. Although the current price is still 79% lower than the historical peak, whether it can reach these key price levels in the future heavily depends on strong investor support. If market sentiment shifts towards selling, the meme coin MemeCore may struggle to maintain its upward momentum. If the price falls below the critical support level of $0.440, it could lead the Token into a consolidation phase, hindering upward momentum and potentially dipping to the $0.298 area.

( big pump newcomer REKT (REKT) Token price movement prediction ) Rekt (REKT) performed brilliantly in July, with a rise of 221%. This altcoin is currently priced at $0.000001155 and has maintained a strong upward momentum this month. This significant increase has propelled REKT into the spotlight as a popular Meme coin worth watching, and with positive market sentiment, the investment potential for Meme coins in August is enormous. The Parabolic SAR indicator is situated below the candlestick, clearly indicating that REKT is currently in an active uptrend. If market conditions remain unchanged, this indicator suggests that the price of this small-cap token may continue to climb. REKT is expected to challenge the resistance level at $0.0000013, and even break through, which would mark an important milestone for this altcoin. However, if unexpected market conditions arise, REKT may face the risk of a pullback. If the price falls below the support level of $0.000000933, the token could drop to $0.000000745. Sustained dips below this support would invalidate the current bullish outlook.

( Potential Token Pudgy Penguins ( PENGU ) Technical Analysis ) Pudgy Penguins (PENGU) is currently trading at $0.035, which leaves a 33% room to its historical high (ATH) of $0.046. The Bollinger Bands are narrowing, indicating that this Meme coin is brewing a volatility explosion. This suggests a potential significant price movement in the short term, especially if the bullish momentum continues. The volatility triggered by the narrowing Bollinger Bands is expected to drive the PENGU price up. If this altcoin successfully breaks through the $0.040 resistance level, it may accelerate its rise towards the historical high of $0.046. After effectively breaking the ATH, PENGU is expected to continue climbing to $0.052, maintaining its upward trend and possibly setting a new high. Conversely, if PENGU fails to break the $0.040 resistance, bearish pressure may cause the price to retreat. In this scenario, the Token price could drop to $0.029, with a further downside target of $0.023. Such a decline would negate the current bullish expectations and suggest a trend reversal.

Conclusion: MemeCore (M), Rekt (REKT) and Pudgy Penguins (PENGU), as the representatives of Meme coins to focus on in August, all demonstrate unique upward momentum, but are also facing key resistance levels and potential pullback risks. Cryptocurrency investors need to closely monitor the defense and attack situations at key support and resistance levels of $0.440 (M), $0.000000933 (REKT), and $0.040 (PENGU), along with real-time market sentiment and Bitcoin market trends, to cautiously assess the altcoin investment strategy for August and seize the opportunities for big pumps in small market cap Tokens.