Bonk (BONK), Pudgy Penguins (PENGU), and Snek (SNEK) Dominate Memecoin Surge: Price Analysis

The memecoins have started to put on their usual surges as Bitcoin traveled to its new all-time high. The most popular of these currently among traders are $BONK, $PENGU, and $SNEK. How are they performing?

$BONK now 4th biggest memecoin

Source: TradingView

$BONK, the number one memecoin for the Solana network, has now moved into 4th place for the memecoins as a category, with just Dogecoin, Shiba Inu, and Pepe ahead of it.

As can be seen in the short-term chart above, $BONK is really motoring. It is up around 10% for the day so far and is up 132% since breaking out of a downtrend towards the end of June.

$BONK has just reached a resistance level now, and if it breaks through here, the targets are $0.000040, and $0.0000486.

$PENGU star of the show

Source: TradingView

Pudgy Penguins (PENGU) has been a star of the memecoin show since it broke out of its downtrend at the end of June. Since that time, a 250% price spike to the upside has resulted

Going by Fibonacci extension levels, the 0.786 is the next target at $0.037, while the 1.618 Fibonacci extension level is at $0.073.

$SNEK surges out of downtrend

Source: TradingView

$SNEK has recently broken out of a downtrend that goes back to early December 2024, so perhaps the surge out of the breakout will be set to continue. If Bitcoin continues to do its thing, memecoins like $SNEK might be expected to thrive. Horizontal resistance levels in the chart are possible targets for $SNEK going forward.

Word of caution

Kita berpotensi memasuki tahap akhir dari pasar bull ini. Siklus normal 4 tahun biasanya akan berakhir lebih lambat di Q4. Namun, ini bisa menjadi pasar bull yang diperpanjang, dan bisa berlanjut hingga Q1 dan bahkan Q2 tahun 2026. Namun, tidak ada yang pasti, dan saat memperdagangkan memecoin, mungkin yang terbaik adalah masuk pada penarikan yang layak, dengan stop loss di bawah, dan mengambil keuntungan secara teratur.

Buying and holding memecoins is not for the faint of heart. It might look as if the market is just going to keep going up, but when it turns and you are stuck in a position, heavy losses can result.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.