Banana For Scale (BANANAS31), Pudgy Penguins (PENGU), and SkyAI (SKYAI) sit at decisive technical levels this week. Each daily chart presents a distinct setup that traders may want to track as meme coin volatility returns.

The wider meme coin sector remains highly active in 2026, with traders treating these tokens as high-beta vehicles relative to Bitcoin. Mixed signals across the three charts point to a sector still searching for clear direction.

Banana For Scale (BANANAS31) trades around $0.0122 on Monday, up roughly 5% over 24 hours. The daily chart shows price moving inside an ascending channel since early May.

The lower boundary sits at $0.0092, which lines up with the 0.5 Fibonacci retracement. Resistance at $0.014 has been tested three times without a clean break, and another attempt may finally crack the meme coin ceiling.

A close above $0.014 could open a path toward the recent swing high near $0.0163. However, a drop below $0.0092 would expose the next strong support at $0.0052, which coincides with the 0.786 retracement.

The Relative Strength Index (RSI) sits at 52, signaling neutral momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) remains bearish, although the histogram suggests bulls are slowly regaining the upper hand.

SkyAI (SKYAI) trades around $0.337 on Monday after gaining roughly 3% over the past day. The daily chart shows a sharp decline from the May 6 high near $0.86.

During the selloff, the token lost two important supports. The 0.382 Fibonacci level at $0.56 and the 0.618 level at $0.37 now act as resistance, capping any early recovery attempts from this AI altcoin.

In contrast, buyers have validated the 0.786 retracement at $0.24 as fresh support. That same level previously capped price action as resistance on April 23, adding weight to its role as a pivot.

The RSI prints in neutral territory near 50. However, the MACD is trying to turn bullish, hinting at a possible return of upside momentum if buyers can defend the lower zone.

Pudgy Penguins (PENGU) trades around $0.009 on Monday after a 1.4% pullback over the last 24 hours. The token recently bounced off the 0.382 Fibonacci retracement at $0.0085.

However, PENGU has lost the 0.5 retracement at $0.0095, which now caps the price as resistance. Bulls must reclaim that level to extend the recent rally toward higher targets.

At the same time, price keeps bouncing off the ascending support line that started at the April 5 low. The next target sits just above the 0.618 retracement near $0.011, with the $0.013 zone marking the level beyond.

Like the other two tokens, the RSI prints near 50, pointing to neutral momentum. The MACD is also turning bullish, hinting at improving conditions for buyers in the short term.

Among the three, BANANAS31 presents the cleanest bullish structure. The token has tested $0.014 three times, and a break above that level could trigger a sharp move toward the May high. Compared to last week’s setups, BANANAS31 stands out as the most actionable name on the daily timeframe.

SKYAI remains in a confirmed downtrend, although the bullish MACD shift hints at a possible mean reversion. Traders may want to wait for a close above $0.37 before treating the recovery as confirmed.

PENGU sits at a decision point. The token holds the ascending trendline, yet the loss of $0.0095 leaves it exposed. A reclaim of that level would tilt the balance back to the bulls.

For traders ranking these setups by clarity, BANANAS31 leads, PENGU sits in the middle, and SKYAI brings up the rear until the downtrend breaks.

The post 3 Meme Coins to Watch During the Final Week of May appeared first on BeInCrypto.

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