Don't miss out on 3 MEME coins promising to explode in August!

The market capitalization of meme coins has officially surpassed 73 billion USD, thanks to the explosive growth of the crypto market. Notably, many small-cap tokens are becoming the "rising stars" with exceptional performance, while top meme coins are struggling to maintain their growth momentum.

As we enter August, the big question is: Which names will continue to break through and lead the next wave of growth? Below are 3 potential meme coins that are sending positive signals this month.

MemeCore (M): "The new star" of the meme coin community

MemeCore has quickly become one of the most prominent names in the meme coin space, recording an impressive growth of 911% since its launch. Currently trading around 0.55 USD, this altcoin continues to attract attention thanks to its explosive upward momentum and increasingly strong presence in the market – a signal that there is still significant room for price increases in the near future.

In particular, after a breakthrough phase since mid-July, MemeCore is aiming for two important milestones: breaking through the 1 USD threshold and conquering the historic peak (ATH) 1.01 USD. Although it is still 79% lower than the ATH, strong support from the investor community is expected to play a key role in helping this coin get closer to these goals.

However, if market sentiment reverses towards a sell-off, MemeCore may face downward pressure. A drop below the support level of 0.44 USD could pull this coin into a consolidation phase, possibly even causing it to retreat further to the area of 0.29 USD.

Price chart M | Source: TradingView## Rekt (REKT): Is the uptrend still not stopping?

REKT made a strong impression in July with a 265% increase, becoming one of the most prominent meme coins recently. Currently, this altcoin is trading around 0.0000011 USD, continuing to maintain impressive growth momentum as market sentiment remains optimistic.

Notably, the appearance of the Parabolic SAR indicator below the price candles indicates that the uptrend is still dominant. If this momentum is maintained, REKT could very well advance towards the 0.0000013 USD mark – even breaking through this threshold, opening up opportunities to conquer the next important milestones.

However, unexpected market factors may exert pressure for adjustment. A drop below the support area of 0.00000093 USD could pull REKT back to 0.00000074 USD; and if this level is also broken, the short-term bullish outlook will be severely threatened.

REKT price chart | Source: TradingView## Pudgy Penguins (PENGU): Preparing for a new breakout?

PENGU is currently trading around 0.035 USD, down 33% from the historical peak of 0.046 USD. Notably, the Bollinger Bands are converging, signaling the possibility of a strong price movement on the chart – especially if the upward momentum is sustained.

According to technical analysis, the narrowing of Bollinger Bands is often a signal for a breakout. If PENGU breaks through the resistance level of 0.04 USD, this coin could quickly return to the ATH level of 0.046 USD. A successful breakout here will pave the way for a new target at 0.052 USD, marking an impressive growth phase and the potential for a new peak.

On the contrary, if PENGU fails to break through the resistance level of 0.04 USD, selling pressure may increase, pulling the price down to 0.029 USD. In a more negative scenario, the adjustment momentum could continue to push this coin down to 0.023 USD.

Breaking these support levels will weaken the bullish outlook while also indicating that the growth trend is at risk of reversing.

PENGU Price Chart | Source: TradingViewJustin