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May's Next Meme Coin Moves: Which One's Gonna Pop?
So April was wild for meme coins. Dogecoin barely moved (up 13.5%), but Pudgy Penguins jumped 53% and SkyAI went absolutely nuts with 290%. Now we're in May and I'm watching all three to see which one's the next meme coin to actually break out.
DOGE is doing its usual thing - sitting around $0.10, testing support after months of sideways action. The charts look compressed, like something's about to give. If it can hold the $0.082 zone and flip that $0.10 level, then maybe we're looking at a run toward $0.14. But honestly? DOGE feels like the boring play right now.
PENGU actually looks interesting. It just broke through some key resistance and is retesting it as support around $0.01. If that holds, the next target is $0.013. The volume spiked on the breakout and the momentum looks legit. This one's got community backing too, which always helps for meme coins.
SkyAI is the risky one. Up 290% in a month is insane, and yeah, the 4-hour chart looks stretched. It's pushing into that $0.23-$0.25 supply zone after a vertical move with barely any pullbacks. That's either the setup for another leg up to $0.32, or it's the trap before a sharp reversal. If support at $0.16 breaks, we could see a deeper retest down to $0.07.
May's gonna be about which next meme coin actually holds its momentum. DOGE needs that $0.10 confirmation, PENGU's got the setup, and SkyAI's basically a coin flip at this point. Watching and waiting.