Top Five Meme Coins To Watch For March 2025

A lot has happened in the meme coin market throughout February 2025. Ongoing scams, rug pulls, and the risks of political meme coins have impacted investor confidence. Notable events, such as the LIBRA meme coin scandal, have raised questions about the industry’s sustainability.

However, there have been some positive developments. The SEC recently clarified that meme coins are not securities; they are more similar to collectibles. Regardless, the sector suffered deep losses in February, with several tokens reaching record lows. The broader crypto market faced significant declines, and many investors experienced heavy drawdowns.

Yet, shifting market conditions in March could offer fresh opportunities for a turnaround. As major indicators suggest a potential change in sentiment, investors should watch these tokens closely.

Pepe (PEPE)

PEPE dropped over 35% last month amid overall market weakness. A recent recovery in Bitcoin, which has risen above $90,000, may help trigger a rebound for this token. With a high correlation of 0.89 with Bitcoin, PEPE tends to follow trends set by the leading cryptocurrency.

Technical indicators show an RSI of 47 and a CMF of 0.05. These figures suggest that the coin is not currently overbought or oversold, which may set a favorable stage if Bitcoin continues to recover.

PEPE potential scenarios for March:

• Bullish case: If RSI rises above 50-55 and CMF strengthens above 0.10, PEPE could enter an uptrend and attempt a breakout.
• Bearish case: If RSI drops below 40 and CMF turns negative (-0.05 to -0.10), selling pressure could increase, leading to a decline toward key support.
• Neutral case (most likely right now): RSI and CMF indicate sideways movement with minor fluctuations, meaning PEPE is likely consolidating between support and resistance before a larger move.

Popcat (POPCAT)

Popcat is a meme coin inspired by the internet meme featuring a cat named Oatmeal. Launched on the Solana blockchain, it has gained attention for its community-driven approach and the popularity of the meme.

POPCAT experienced a modest recovery, gaining 3% during February and trading at $0.28. Analysts note that the token needs to overcome a resistance level at $0.342 to unlock further gains. In previous cycles, a bounce from a support level around $0.238 helped push prices up to $0.645.

The ADX indicator remains below 25, a sign that bearish pressure is easing. Should POPCAT break through its resistance level, historical trends point to the possibility of a surge of roughly 129%.

Peanut The Squirrel (PNUT)

PNUT surprised many by rallying 56% last week, pushing its price to $0.226 and erasing February’s losses. The market now focuses on maintaining a support level at $0.227.

Analysts believe that if PNUT holds this support, it could climb to approximately $0.442, helping it recover earlier losses from January. Stable support levels can drive upward momentum, and PNUT appears well positioned given the current market sentiment.

Based on RSI (Relative Strength Index) at 41 and CMF (Chaikin Money Flow) at -0.05, we can assess the potential direction for PNUT in March. It is close to oversold but not quite there yet. There is some selling pressure, but it’s not extreme.

If RSI drops below 40, it could indicate further downside. If RSI bounces above 50, momentum could shift bullish.

PNUT’s CMF at -0.05 suggests a slight outflow of capital, but not strong enough to confirm a deep downtrend. Investors are cautious, and buying pressure isn’t dominant. It may indicate sideways trading with a slight downward bias.

What this means for PNUT’s price in March

• Neutral to slightly bearish for now.
• Key resistance: If RSI moves above 50 and CMF turns positive, PNUT could reverse to an uptrend.
• Key support: If RSI drops below 38-40, PNUT could see more downside pressure.
• Sideways possibility: With RSI near 40 and CMF at -0.05, PNUT is likely range-bound between support and resistance until a clear momentum shift.

Pudgy Penguins (PENGU)

PENGU hit a new low of $0.0067 in February during bearish conditions. However, it rebounded by 24.6% this week, and its price now stands at $0.0083. The next target lies at the $0.0100 resistance level.

A breakthrough here may lift the token to around $0.0147, recovering most of the recent losses. However, the meme coin’s outlook for March also depends on wider NFT market prospects.

If NFT trading increases, there might be a positive price impact on PENGU. Yet, this remains less likely.

Dogecoin (DOGE)

As of March 2025, the SEC has received several Dogecoin ETF applications. The commission recently clarified that meme coins are not securities, so a Dogecoin ETF will likely be approved eventually.

A DOGE ETF will allow institutional investors to pour capital into the meme coin. If it happens in March, the Dogecoin market will significantly shift.

Currently, DOGE RSI is 40, and CMF is -0.04. A recent sharp decline in Dogecoin’s RSI from 80 to 40 over two days offers insights into its potential price movements for March 2025.

An RSI of 80 indicates overbought conditions, suggesting potential overvaluation. A rapid drop to 40 moves it into neutral territory, reflecting a significant shift from strong buying to increased selling pressure.

Such a swift decline may signal an impending reversal or a period of consolidation, as the market adjusts from previous highs.

A CMF value of -0.04 indicates marginally more capital leaving the asset than entering, pointing to mild selling pressure.

DOGE implications for March 2025:

• Consolidation phase: A neutral RSI and near-zero CMF combination suggests that Dogecoin may enter a consolidation phase, with prices stabilizing as the market digests recent movements.
• Monitoring key levels: Investors should watch for RSI movements below 30 (oversold) or above 70 (overbought) and significant shifts in CMF values to anticipate potential bullish or bearish trends.

As market sentiment shifts, investors keep a close eye on these tokens. March may bring the reversal needed to unlock value, and technical indicators remain key to predicting further movement.