Skip to content
September 8, 2025Bitzo logoBitzo

The Rise of Memecoins: Analyzing Dogecoin, Pudgy Penguins, and Dogwifhat

Monday's trading session might be a pivotal moment for Bitcoin, but alongside it, memecoins like Dogecoin (DOGE), Pudgy Penguins (PENGU), and Dogwifhat (WIF) are generating their own ￰0￱ are the charts saying about these playful cryptocurrency assets? Dogecoin (DOGE) - The Pioneer Memecoin's Current Trajectory Long regarded as the leading figure in the memecoin category, Dogecoin has recently achieved a technical ￰1￱ a previous fall from a triangular pattern, DOGE has now surged past its downtrend line. Here's a closer look at the recent uptrend captured in this chart:) - Facing Resistance Similarly to Dogecoin, Pudgy Penguins is encountering a significant resistance level that could hinder immediate upward ￰2￱ memecoin's chart displays a crucial juncture:) - A Critical Resistance Ahead Among the three, Dogwifhat represents a speculative bet with a significant resistance level at $0.85.

If it manages to break and hold above this level, the next target could be $1. The current chart suggests a tough road ahead:

Bitzo logo
Bitzo

Latest news and analysis from Bitzo

Privacy Coins Seize Market Lead: Sector Jumps 15% as Broader Crypto Market Stalls

Privacy Coins Seize Market Lead: Sector Jumps 15% as Broader Crypto Market Stalls

On Nov. 1, privacy coins experienced a major rally, boosting their collective market capitalization by 15% to over $24.3 billion. Top Performers and Financial Milestones A rally across most privacy co...

Bitcoin.com logoBitcoin.com
1 min
Shiba Inu Advances Shibarium Security Upgrade Amid October Price Decline

Shiba Inu Advances Shibarium Security Upgrade Amid October Price Decline

The Shiba Inu team has launched a Shibarium security upgrade through the RPC Migration Network, enhancing decentralization by closing legacy endpoints and eliminating single points of failure for impr...

CoinOtag logoCoinOtag
1 min
Columbia Business professor casts doubt on tokenized bank deposits

Columbia Business professor casts doubt on tokenized bank deposits

Tokenized bank deposits lack the flexibility and technical features of stablecoins, making them an inferior product, according to Omid Malekan....

Cointelegraph logoCointelegraph
1 min