BANANAS31 eyes breakout; PENGU and SKYAI at key levels

Three meme tokens-Banana For Scale (BANANAS31), Pudgy Penguins (PENGU) and SkyAI (SKYAI)—are at technical decision points on the daily charts as trading resumes this week. BANANAS31 is near $0.0122, PENGU around $0.009 and SKYAI about $0.337.

BANANAS31 has traded inside an upward-sloping channel since early May. Price has tested resistance at $0.014 three times without a sustained close above that level. The channel’s lower edge aligns with the 0.5 Fibonacci retracement at $0.0092. A daily close above $0.014 would put the recent swing high near $0.0163 in play. A drop below $0.0092 would expose a deeper support area near $0.0052, the 0.786 retracement on the daily chart. The relative strength index reads about 52 and the MACD line remains below its signal line while the histogram shows shrinking bearish momentum.

SKYAI pulled back from a May 6 high near $0.86 and trades near $0.337 after a modest intraday gain. During the decline, the token lost support at the 0.382 Fibonacci level around $0.56 and the 0.618 level near $0.37; those levels now act as resistance. Buyers have validated the 0.786 retracement at $0.24; that level previously capped price action on April 23. The RSI is near 50 and the MACD is attempting to move higher. Market participants note the $0.37 level as a reference point for a sustained recovery and $0.24 as a defined downside pivot.

Pudgy Penguins trades near $0.009 after a small pullback and recently rebounded from the 0.382 Fibonacci level at $0.0085. The token lost the 0.5 retracement at $0.0095, which now serves as short-term resistance. Price has repeatedly found buying interest along an ascending trendline that began at the April 5 low. Short-term upside targets include the 0.618 retracement near $0.011 and a zone around $0.013. The RSI sits near 50 and the MACD histogram is showing early bullish readings.

Across the three daily charts, BANANAS31 shows an established channel with repeated tests of $0.014. PENGU is maintaining an ascending trendline while facing resistance at $0.0095. SKYAI has lower highs after the May peak and a validated $0.24 support level. Traders are applying Fibonacci retracements, RSI and MACD readings on the daily timeframe to identify specific entry, resistance and support levels as meme coin volatility returns to the market.