Meme coins opened the trading week in divergent directions on Monday, with BANANAS31 rising 5% to around $0.0122 while Pudgy Penguins slipped 1.4% to $0.009. SkyAI managed a modest 3% gain to $0.337, though it remains well off its May 6 high near $0.86. The three tokens illustrate the range of technical setups currently playing out in the high-beta corner of crypto.
BANANAS31 presses $0.014 resistance
BANANAS31 has tested the $0.014 level three times without a clean breakout, and Monday's push keeps that ceiling in focus. The token's RSI sits at a neutral 52, and while the MACD is still bearish, the histogram shows bulls regaining strength. A close above $0.014 could open the path to $0.0163. On the downside, support sits at $0.0092, the 0.5 Fibonacci level, with a break below that exposing $0.0052. The repeated tests of $0.014 suggest accumulation, but a failure to break could lead to a retest of support. Of the three coins, BANANAS31 has the cleanest bullish structure.
SKYAI still digging out from May peak
SkyAI has been in a confirmed downtrend since hitting $0.86 on May 6. Monday's 3% uptick to $0.337 is small relative to that decline. The coin has validated key support at $0.24, the 0.786 Fibonacci level. Resistance now stands at $0.37 (0.618) and $0.56 (0.382). The RSI is near 50, and the MACD is attempting to turn bullish. The gap between current price and the May high shows how much ground needs to be recovered. Traders are likely waiting for a close above $0.37 before calling a recovery.
PENGU at a decision point
Pudgy Penguins is trading at a decision point. It's down 1.4% on the day but still holding above an ascending support line that dates back to April 5. The RSI is near neutral 50, and the MACD is turning bullish. Reclaiming $0.0095 would tilt the balance to bulls; the next targets are $0.011 (0.618 Fibonacci) and $0.013. Support is at $0.0085 (0.382 Fibonacci). The ascending support line from April 5 is a bullish structure, but the coin needs to reclaim $0.0095 to gain momentum.
What to watch this week
The wider meme coin sector remains highly active in 2026, with traders treating these tokens as high-beta plays relative to Bitcoin. All three tokens have RSI near 50, indicating no overbought or oversold conditions — meaning the next catalyst could determine direction. For BANANAS31, the $0.014 level is the immediate line in the sand. If it breaks, $0.0163 becomes the next target. For SKYAI, a close above $0.37 would offer the first real sign of trend change. PENGU's ascending support line will be tested again if the broader market turns lower; a break below would invalidate the bullish pattern. Each coin faces its own technical test this week.
