Best Memecoins to Watch Today, August 12 – Dogecoin, LIGHT, TRUMP

Highlights:

• Dogecoin shows bullish divergence as price and RSI break key descending resistance lines.
• LIGHT maintains an ascending structure, while RSI and MACD indicate sustained buying momentum.
• TRUMP defends $1.46–$1.47 support, with $1.50 marking the key double-bottom breakout level.

The crypto market displays muted momentum as investors await the US inflation report today. The U.S. July CPI report is due today at 8:30 a.m. ET, giving investors a fresh look at how inflation is moving and what it could mean for the Federal Reserve’s next interest-rate decision. The report comes after June’s weaker-than-expected inflation reading, which has raised hopes that price pressures are continuing to ease.

The overall market capitalization has seen a minor decline to $2.19 trillion while the 24-hour trading volume surged to $54 billion. The memecoin sector has also faced a similar trend as its market valuation declined by more than 4% to $22 billion. However, its trading volume has climbed to $2 billion, indicating increased market activity. As the broader crypto market awaits the US CPI data, let’s take a look at the best memecoins to watch today, such as Dogecoin, LIGHT, and OFFICIAL TRUMP.

Best Memecoins to Watch Today

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is up by nearly 2%, pushing the price to $0.0719. The memecoin has recorded a daily low and high of $0.06997 and $0.07286, respectively. Meanwhile, its trading volume has exploded by 70% to $600 million.

Crypto analyst Trader Tardigrade has shared that Dogecoin’s daily chart shows three bullish technical signals after weeks of declining price action. The analyst points to a bullish divergence, with DOGE making lower lows while RSI formed higher lows. The setup suggests selling pressure may be weakening near support.

$Doge/daily#Dogecoin daily chart is stacking three major bullish signals.

1️⃣ Bullish Divergence: Price printed lower lows while RSI formed higher lows for over a month (green) —> bottom formation
2️⃣ Price Breakout: Broke through descending trendline (purple) —> price action
3️⃣… pic.twitter.com/DfXVVxbzJD

— Trader Tardigrade 🧬 (@TATrader_Alan) August 11, 2026

Meanwhile, Dogecoin has moved above its descending trendline, while RSI also cleared its own resistance line. The analyst views both breaks as confirmation of improving momentum, placing DOGE among the best memecoins to watch today as traders assess whether the breakout can hold.

2. LIGHT

LIGHT has extended its upward momentum with a surge of 5% over the last 24 hours. The price is now up by 23% and 50% on the weekly and monthly charts, respectively. At the time of this writing, LIGHT was trading around $0.1760, with a market cap of $120 million.

LIGHT has formed an ascending pattern on the daily chart as the bullish momentum mounts. The price has held an upward trajectory since late July despite facing stiff rejection on the upper trendline. Currently, the bulls have the upper hand as green candlesticks continue forming toward the upper trendline.

Meanwhile, indicators such as the Moving Average Convergence Divergence and Relative Strength Index back the rally continuation. The 14-day RSI is hovering around the 60 level, indicating LIGHT’s market is not yet overbought. Moreover, the MACD line is trending further above the signal line, indicating robust buying pressure.

3. OFFICIAL TRUMP (TRUMP)

TRUMP is trading on a bearish note today after dropping by 0.35% on the daily chart. Despite hinting at a bullish reversal on the weekly chart, the memecoin is down by more than 5% on the monthly chart. The price is currently hovering around $0.006410, with a trading volume of $70 million.

TRUMP is testing the $1.46–$1.47 support zone again after retreating from $1.50 resistance. This second defence creates a potential double-bottom pattern on the five-minute chart. The price sits near $1.469, keeping the lower boundary under focus. For traders tracking the best memecoins to watch today, $1.50 remains the breakout level.

$TRUMP is forming a Double Bottom 👀📈

Price is defending the $1.46–$1.47 support zone for the second time, showing buyers are stepping in around the same level. The key trigger is a reclaim of $1.50 resistance 🔥

A confirmed breakout could send $TRUMP toward the chart’s $1.54… pic.twitter.com/GMlCndx6EJ

— Crypto With Gopal (@cryptowithgopal) August 12, 2026

A move above $1.50 would confirm the setup and shift attention toward the chart’s $1.54 target. From $1.469, that target represents roughly 5% upside if buyers maintain control. However, a break below $1.46 could weaken the structure and delay the move.