3 Meme Coins to Watch During the Final Week of May
Banana For Scale (BANANAS31), Pudgy Penguins (PENGU), and SkyAI (SKYAI) sit at decisive technical ranges this week. Each day by day chart presents a definite setup that merchants might want to monitor as meme coin volatility returns.
The wider meme coin sector stays extremely energetic in 2026, with merchants treating these tokens as high-beta autos relative to Bitcoin. Mixed alerts throughout the three charts level to a sector nonetheless looking for clear course.
Banana For Scale (BANANAS31) Eyes $0.014 Resistance Breakout
Banana For Scale (BANANAS31) trades round $0.0122 on Monday, up roughly 5% over 24 hours. The day by day chart reveals value transferring inside an ascending channel since early May.
The decrease boundary sits at $0.0092, which traces up with the 0.5 Fibonacci retracement. Resistance at $0.014 has been examined thrice with out a clear break, and one other try could lastly crack the meme coin ceiling.
A detailed above $0.014 may open a path towards the current swing high close to $0.0163. However, a drop under $0.0092 would expose the subsequent robust help at $0.0052, which coincides with the 0.786 retracement.
The Relative Strength Index (RSI) sits at 52, signaling impartial momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) stays bearish, though the histogram suggests bulls are slowly regaining the higher hand.
Meme Coins to Watch: SkyAI (SKYAI) Validates $0.24 as Key Support
SkyAI (SKYAI) trades round $0.337 on Monday after gaining roughly 3% over the previous day. The day by day chart reveals a pointy decline from the May 6 high close to $0.86.
During the selloff, the token misplaced two vital helps. The 0.382 Fibonacci degree at $0.56 and the 0.618 degree at $0.37 now act as resistance, capping any early restoration makes an attempt from this AI altcoin.
In distinction, patrons have validated the 0.786 retracement at $0.24 as contemporary help. That identical degree beforehand capped value motion as resistance on April 23, including weight to its position as a pivot.
The RSI prints in impartial territory close to 50. However, the MACD is attempting to flip bullish, hinting at a potential return of upside momentum if patrons can defend the decrease zone.
Pudgy Penguins (PENGU) Tests Ascending Support Line
Pudgy Penguins (PENGU) trades round $0.009 on Monday after a 1.4% pullback over the final 24 hours. The token lately bounced off the 0.382 Fibonacci retracement at $0.0085.
However, PENGU has misplaced the 0.5 retracement at $0.0095, which now caps the value as resistance. Bulls should reclaim that degree to lengthen the current rally towards larger targets.
At the identical time, value retains bouncing off the ascending help line that began at the April 5 low. The subsequent goal sits simply above the 0.618 retracement close to $0.011, with the $0.013 zone marking the degree past.
Like the different two tokens, the RSI prints close to 50, pointing to impartial momentum. The MACD can be turning bullish, hinting at bettering circumstances for patrons in the brief time period.
Which Meme Coin Offers the Strongest Setup This Week
Among the three, BANANAS31 presents the cleanest bullish construction. The token has examined $0.014 thrice, and a break above that degree may set off a pointy transfer towards the May high. Compared to final week’s setups, BANANAS31 stands out as the most actionable identify on the day by day timeframe.
SKYAI stays in a confirmed downtrend, though the bullish MACD shift hints at a potential imply reversion. Traders might want to watch for a detailed above $0.37 earlier than treating the restoration as confirmed.
PENGU sits at a choice level. The token holds the ascending trendline, but the loss of $0.0095 leaves it uncovered. A reclaim of that degree would tilt the steadiness again to the bulls.
For merchants rating these setups by readability, BANANAS31 leads, PENGU sits in the center, and SKYAI brings up the rear till the downtrend breaks.
The publish 3 Meme Coins to Watch During the Final Week of May appeared first on BeInCrypto.
