Key Takeaways
- Pudgy Penguins (PENGU) started a bullish trend reversal in April.
- Dogwifhat (WIF) attempts to break out from a descending wedge.
- Mog Coin (MOG) broke out from a descending resistance trend line.
Memecoins were the category hit hardest by the crypto market correction at the start of 2025.
However, they rebounded in April and could be gearing up for the next upward movement.
This article will analyze three trending memecoins with bullish charts that can increase significantly in July.
PENGU Ready to Pump
The PENGU analysis shows that the price broke out from a long-term descending resistance trend line in May.
The ensuing upward movement is a five-wave structure, likely starting a bullish trend reversal.
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While PENGU fell after its $0.017 high on May 14, the decline looks corrective.
The movement is contained inside a descending parallel channel and has significant overlap.
The PENGU price bounced once it reached the channel’s support trend line (green icon).
The bounce was preceded by a bullish divergence in the daily Relative Strength Index (RSI) (orange).
After the bounce, the price reclaimed the 0.618 Fibonacci retracement support level at $0.009, a horizontal support area.
So, it is very likely that the memecoin has started a bullish trend reversal and will pump in July.
If both upward movements have the same length, PENGU can reach a high of $0.037.
WIF Breakout Incoming
WIF is the second memecoin that can pump in July, which completed a similar five-wave increase in April.
Since then, it has corrected inside a descending wedge and bounced at the 0.618 Fibonacci support level (green icon).
While the Dogwifhat price made an unsuccessful breakout attempt on June 25, it is gearing up for another one.
The WIF chart is less bullish than PENGU because the RSI does not have a bullish divergence.
Nevertheless, a wedge breakout will confirm the upward trend and could take WIF to a high of $2.76.
MOG Price Breaks Out
The final memecoin that can post significant gains in July is MOG.
The MOG price completed a five-wave upward movement starting in April.
While the price has corrected since May 23, it completed an A-B-C structure (red) with a bounce at the 0.618 Fibonacci retracement support level (green icon).
Shortly afterward, it broke out from a descending resistance trend line, indicating its correction was over.
Like WIF, the RSI has not generated any bullish divergence. However, it broke out from its resistance trend line while the MACD made a bullish cross.
An upward movement with the same length can take the MOG price to $0.0000019.
Memecoins Pump in July
PENGU, WIF, and MOG are three memecoins that will likely pump in July.
All three started upward movements in April and have completed the corrections that began in May.
MOG has already broken out from its resistance, while PENGU and WIF are close to doing so.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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