Top 5 memecoins to watch in January 2025 PENGU aims to turn $0.040 into support, while Fartcoin needs to hold $0.81 to avoid a drop to $0.70.

PEPE requires $0.00001785 as support to remain bullish, while SPX must surpass $0.91 to reverse its bearish trend.

Turbo is consolidating below the resistance of $0.013, with a breakout that could target $0.020 or risk falling to $0.006.

As the new year begins, the crypto market is anticipated to show greater resilience, with memecoins poised for notable activity. Although numerous meme cryptocurrencies emerged last year, only a few have captured investors' interest and maintained significant momentum.

BeInCrypto has identified five standout memecoins that are likely to maintain their bullish trends or initiate new rallies in January.

Pudgy Penguins (PENGU)

PENGU is currently trading at $0.029. The penguin-themed memecoin recently rose to the list of the top five memecoins after forming a new all-time high at $0.070, which is 134% above the current price.

As a result, it has surpassed popular tokens like dogwifhat (WIF) and Floki (FLOKI). Its growing prominence has attracted significant attention from investors in the memecoin space.

Although a price jump of 134% is unlikely, PENGU could aim to turn the resistance level of $0.040 into support. Achieving this would provide the memecoin with a foundation for potential rallies.