Next Memecoins to Explode, August 2 – PENGU, PEPE, DOGE

Highlights:

• Pudgy Penguins is forming a bullish pennant and may rally to $0.11110 if it breaks above the $0.04840 resistance.
• Pepe must hold the $0.00001041 support to avoid a drop as sellers stay active below the $0.00001320 resistance.
• Dogecoin is targeting $0.27166 after bouncing from key support at $0.19701 and may extend gains if bulls hold control.

The crypto market is down today, compounded by macroeconomic factors and profit-taking in the market. The United States announced a fresh wave of tariffs on different countries after the negotiation window had expired. As of press time, the overall market cap is down 1.45% to $3.71 trillion, while the trading volume is up 3.54% to $187.09 billion. The fear and greed index has dropped from the recent greed zone and stands in the neutral zone at an index of 51. According to CoinGlass data, the total liquidations in the past day come in at $710.64 million.

The memecoin market has followed the broad decline in the market and is down 2.8% to $70 billion. Most of the top 10 memecoins are trading in the red zone on the weekly chart. Despite the drop in the market, these are the next memecoins to explode.

Next Memecoins to Explode

1. Pudgy Penguins (PENGU)

PENGU is trading at $0.03483, a 2.84% increase over the last 24 hours. The market cap stands at $2.18 billion. Meanwhile, the trading volume has dropped by 13.18% to $1.02 billion. The coin has been on an upward trajectory, gaining 124% in the monthly chart.

According to a recent analysis by Ali, Pudgy Penguins is forming a clear bullish pennant pattern. The flagpole starts near $0.01740 and reaches about $0.04840. The price then consolidated inside a converging triangle. The price support lies near $0.03540, marked by the 78.6% Fibonacci retracement, and the resistance sits around $0.04840, the top of the pennant.

$PENGU is forming a textbook bullish flag, signaling a potential explosive bullish breakout toward $0.110! pic.twitter.com/XcugaQEZFW

— Ali (@ali_charts) July 31, 2025

A breakout above this level could target higher Fibonacci extensions. The first target aligns with $0.06160 at the 1.272 level. The coin could rally to $0.11110 if the pattern plays out.

2. Pepe (PEPE)

PEPE is trading at $0.00001037, a 1.12% decrease over the last 24 hours. The market cap stands at $4.36 billion, while the trading volume has increased by 5.09% to $879 million.

PEPE is showing strong support at around $0.00001041. The price recently rejected the $0.00001320 resistance level. If bulls regain momentum, the next major resistance stands at $0.00002651. This level marks a potential upside of 155%. However, the current trend shows consistently lower highs and lower lows. Sellers remain active below the $0.00001320 zone.

The $0.00001041 support must hold to avoid deeper losses. Below this level, PEPE may revisit the $0.00000800 zone. The highlighted upside target at $0.00002651 remains possible if buyers break $0.00001320.

3. Dogecoin (DOGE)

The largest memecoin by market cap is trading at $0.1960, a 4.86% decrease in the past day. However, the trading volume has increased 21.29% to $2.97 billion. Meanwhile, the market cap stands at $29.47 billion. The coin has increased 12.4% in the monthly chart.

Dogecoin has faced a sharp pullback. The price has bounced from strong support near $0.19701. This level has held well in recent weeks. Buyers now aim to push the price towards the next resistance at $0.27166. This zone has acted as a ceiling before. If bulls break it, the next target sits at $0.39436. However, price must hold above $0.19701 to maintain bullish momentum.

Sellers remain active below $0.27166. Dogecoin formed a strong rally in July before hitting resistance. The structure now shows a possible higher low. This supports the bullish recovery setup. If the price drops below $0.19701, the downside could extend toward $0.15000. Traders should watch the $0.19701 level closely. A strong bounce here could trigger another breakout run.