Next Memecoins to Explode, May 3 – TRUMP, PENGU, BRETT

Highlights:

• TRUMP gains 3.49% and shows strong support near $12.61 with bulls aiming for a breakout move.
• PENGU jumps 11.43% and breaks resistance at $0.01100 with bulls defending key support zones.
• BRETT forms a cup and handle pattern as bulls target 0.00007055 despite a 0.70% daily drop.

The overall crypto market cap is experiencing a small pullback today after the US job data was released by the Labor Department. The overall market is down by 0.17% to $3.01 trillion in the past 24 hours. In addition, the trading volume has dropped 18.50% to $67.15 billion. The fear and greed index lies in the neutral zone at an index of 56. Bitcoin has dropped slightly after breaching the $97,000 mark and is now trading at $96,475, a slight 0.20% decrease in the past day. In addition, the trading volume is down 21.63% to $24.29 billion.

Meanwhile, the memecoin market is up by 0.3% to $59 billion. As the market awaits to see the next move of the Fed cuts, here are the next memecoins to explode.

Next Memecoins to Explode

1. OFFICIAL TRUMP (TRUMP)

TRUMP has defied the small pullback and is trading at $12.93, representing a 3.49% increase over the last 24 hours. The market cap stands at $2.158 billion. However, the trading volume has decreased by 12.89% to $673.86 million. Meanwhile, the coin has gained 38% in the past month.

According to crypto trader Mr. Bull, the memecoin has retested a critical support level and is ready for a bull run. According to his analysis of the 4-hour chart, the coin shows clear support near $12.613, and buyers have defended this zone multiple times.

$TRUMP Retest done and start running pic.twitter.com/YPNrPM7LHK

— Mr.Bull (@Danameer12) May 2, 2025

However, strong resistance appears near $17.675. Another key resistance level stands at $24.419. The risk zone lies below $12.613 and ends near $10.986. The analyst has noted that the price previously reversed sharply from that support area, and buyers are aiming for a move back toward $24.404.

2. Pudgy Penguins (PENGU)

PENGU, the memecoin based on Solana, is trading at $0.01170, an 11.43% increase in the past day. In addition, the trading volume has increased 88.89% to $251.71 million. Meanwhile, the market cap stands at $736.08 million. The coin has increased 32% in the weekly chart and 141% in the monthly chart, making it one of the next memecoins to explode.

Analyst Durden has predicted that the memecoin will be the first to be accepted by institutions. Supporting the bold claim is a weekly chart showing strong technicals. According to the chart, Price broke out of a falling wedge near $0.00490, and bulls pushed sharply above key resistance at $0.01100. Major support zones lie at $0.00944 and $0.00558, which held strong during the downtrend. In case of a pullback, the coin could retest $0.06510. The analyst has noted that bulls have to defend the critical price of $0.00805 to keep control.

3. Brett (BRETT)

BRETT is trading at $0.06352, a 0.70% decrease in the past day. Moreover, the trading volume has dropped 40.01% to $29.75 million. Meanwhile, the market cap stands at $629.58 million. The coin has increased 110% in the monthly chart but lost 8.88% in the weekly chart.

Despite the decline in the price of the coin, crypto analyst Guardian has identified a cup and handle forming on the BRETT/ETH chart. According to his analysis, pthe rice broke resistance at 0.00003595 with strong momentum. Meanwhile, bulls are now targeting 0.00005196 based on Fibonacci levels. Higher targets stand at 0.00007055, and key support zones include 0.00002999 and 0.00002498. If support holds, bulls are targeting 0.00007055 as the next target.