Traders monitor BANANAS31, PENGU and SKYAI at key levels

Traders watched Banana For Scale (BANANAS31), Pudgy Penguins (PENGU) and SkyAI (SKYAI) on Monday as each token traded at specific Fibonacci retracement levels.

BANANAS31 traded near $0.0122 after a roughly 5% 24-hour rise. The daily chart shows price inside an ascending channel that began in early May. The channel’s lower boundary is near $0.0092, which aligns with the 0.5 Fibonacci retracement. Price has tested $0.014 three times without a daily close above that level. The recent swing high sits near $0.0163. A drop below $0.0092 places the 0.786 retracement around $0.0052 in focus. The Relative Strength Index reads about 52 and the MACD remains bearish while its histogram has moved toward positive values.

SKYAI changed hands near $0.337 after a roughly 3% gain over the previous day following a decline from a May 6 high near $0.86. The chart shows the 0.382 Fibonacci level at $0.56 and the 0.618 level at $0.37 acting as resistance. The 0.786 retracement at $0.24 has acted as support after capping price on April 23. The RSI sits near 50 and the MACD on the daily timeframe shows signs of a bullish shift.

PENGU traded around $0.009 after a modest pullback and a bounce from the 0.382 Fibonacci level at $0.0085. The 0.5 retracement at $0.0095 has been lost and now appears as resistance. Price continues to respect an ascending trendline that began at the April 5 low. Near-term upside levels on the chart are just above the 0.618 retracement near $0.011 and a zone near $0.013. The RSI reads close to 50 and the MACD is turning bullish on the daily chart.

Trading activity in the meme coin sector has been high in 2026, with these tokens showing larger price swings than Bitcoin in recent sessions. Fibonacci retracement levels are used on these charts to mark potential support and resistance after prior highs or lows. The Relative Strength Index measures momentum around a midpoint of 50, while the MACD compares short- and long-term moving averages to show trend direction.

Market observers will monitor a daily close above $0.014 for BANANAS31, a reclaim of $0.0095 for PENGU, and a daily close above $0.37 for SKYAI. Breaks below the noted support levels on each chart would put lower Fibonacci retracements into focus.