Top Memecoins to Watch Today, May 20 – Dogecoin, Pudgy Penguins, TROLL

Highlights:

• Dogecoin remains in a $0.07–$0.09 accumulation zone with potential targets up to $2.
• Pudgy Penguin’s recent expansion of its Manchester City collaboration is expected to boost the price.
• TROLL shows bullish reversal near $0.1048, eyeing resistance at $0.1249 and possible highs of $0.1400.

The crypto market is riding mixed sentiment today, with most token prices showing varying signals. Despite the U.S. Senate advancing a joint resolution that could require President Donald Trump to seek congressional approval to continue the war in Iran, the crypto market has seen a minimal response. 

The overall market capitalization has surged by 0.45% to $2.57 trillion, while the trading volume declined to $70 billion. As a result, Bitcoin reclaimed the $77K mark with other leading altcoins recording modest gains. The memecoin sector followed a similar trend, with most tokens trading in green or red. However, several memecoins are showing promising trends despite the broad volatility. In the section below, we will discuss the top memecoins to watch today, such as Dogecoin, Pudgy Penguins, and TROLL.

Top Memecoins to Watch Today

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is exchanging hands around $0.1037 with a minor decline of 0.20% over the last 24 hours. The memecoin has seen a decline of nearly 10% on the weekly chart following the broad market downturn. Its market cap and trading volume stand at $17 billion and $680 million, respectively.

Crypto analyst Crypto Patel has highlighted a recurring setup on Dogecoin’s two-week chart. Patel has marked a broken descending trendline, followed by a retest around the lower channel support. Moreover, the analysis positions DOGE near the $0.07 to $0.09 accumulation band.

$DOGE Did 26,834% Last Cycle From The Same Setup.

Now It's Printing The EXACT Same Fractal.
Breakout 1 ✅
Breakout 2 ✅
Retest In Progress.

Accumulation: $0.09-$0.07
Targets: $0.5 / $1 / $2
SL: HTF Close Below $0.048

Patience Pays. Panic Doesn't. NFA & DYOR.@dogecoin pic.twitter.com/zX4Y21Nfd2

— Crypto Patel (@CryptoPatel) May 19, 2026

Patel compared the setup with a prior cycle that produced a 26,834% rally after similar breakouts. The chart outlines targets at $0.50, $1, and $2 if buyers defend the zone. However, a higher-timeframe close below $0.048 would weaken the structure. 

2. Pudgy Penguins (PENGU)

PENGU is trading on a bullish note today after recording a decline of 7% over the last 7 days. The memecoin has surged by nearly 3% today, pushing the monthly gains to 20%. Currently, the price is hovering around $0.008817, with a market cap of $550 million.

Pudgy Penguins recently strengthened its collaboration with Manchester City, following a successful initial drop. The project aims to merge physical and digital experiences for fans globally. This initiative will broaden the visibility of Pengu and the Pudgy Penguins brand beyond crypto circles.

another mancity collab secured by pudgy team

ngl the reach just keeps getting bigger

whole brand spreading way past crypto now$pengu on its way to another insane run https://t.co/OQKcxpXxdC pic.twitter.com/gKstYtt5j3

— heinous (𝖙𝖊𝖘𝖙𝖎𝖈𝖑𝖊𝖘 𝖆𝖗𝖈) (@Arcane_Crypto_) May 20, 2026

Analysts view this move as a catalyst for market growth, potentially driving the market cap back toward the $3 million mark. The memecoin could break out of its consolidation zone, potentially boosting the price. With more details on the partnerships coming soon, PENGU emerges among the top memecoins to watch today.

3. TROLL

The Solana-based memecoin, TROLL, has been on an explosive run recently, surging by more than 400% on the monthly chart. The memecoin has today shed some of its gains, declining by 5%, pushing the price to $0.1130. Moreover, its trading volume has decreased by 6% to $9.50 million.

Despite the recent pullback in TROLL’s price, the memecoin has formed a bullish reversal on the 4-hour chart. TROLL has formed a series of green candlesticks from the support around the $0.1048 mark on the lower Bollinger band. Currently, the price has tested and crossed the middle band at $0.1149, indicating that the bulls have the upper hand.

Should the current trend hold further, the memecoin could rally to retest the major resistance at the upper band around $0.1249. A successful break above this region could see TROLL climb to highs of $0.1400. Moreover, the MACD indicator is backing this latest rally. The MACD line is making a crossover above the signal line in the positive territory, indicating increased buying pressure.