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bitcoin
Bitcoin (BITCOIN)
$94,531 -0.09%
ethereum
Ethereum (ETHEREUM)
$1,796 0.03%
binancecoin
BNB (BINANCECOIN)
$599.32 -0.20%
solana
Solana (SOLANA)
$146.78 -0.11%
ripple
XRP (RIPPLE)
$2.20 -2.51%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.08%
pepe
Pepe (PEPE)
$0.000009 0.04%
bonk
Bonk (BONK)
$0.000019 -3.37%
bitcoin
Bitcoin (BITCOIN)
$94,531 -0.09%
ethereum
Ethereum (ETHEREUM)
$1,796 0.03%
binancecoin
BNB (BINANCECOIN)
$599.32 -0.20%
solana
Solana (SOLANA)
$146.78 -0.11%
ripple
XRP (RIPPLE)
$2.20 -2.51%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -1.08%
pepe
Pepe (PEPE)
$0.000009 0.04%
bonk
Bonk (BONK)
$0.000019 -3.37%
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Next Memecoins to Explode, April 30 - FLOKI, Shiba Inu, Dogecoin

Highlights:

  • Amidst the current market trend, the next memecoins to explode include FLOKI, SHIB and DOGE.
  • FLOKI rebounds from support and eyes $0.00025–$0.00035 resistance.
  • Shiba Inu breaks channel, while Dogecoin forms bullish recovery patterns.

The crypto market has a bearish outlook today, with most prices trending downwards. This recent pullback has seen the market capitalization and trading volume drop to $2.97 trillion and $72 billion, respectively. Despite this shift, the fear and greed index has remained at the 52 level, indicating a neutral market sentiment.

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 Following the broad market shift, the memecoin sector displays the same trend with its market cap and trading volume declining to $55 billion and $5 billion, respectively. Despite the downturn, several memecoins with the potential to explode have caught our spotlight, hinting at major price moves ahead.

Next Memecoins to Explode

1. FLOKI

FLOKI has been on a remarkable rally recently, surging by more than 50% and 25% on the monthly and weekly charts, respectively. As of this writing, the memecoin is exchanging hands at $0.00008700, up by 2% in the past 24 hours. Moreover, its market capitalization has climbed to $840M while the trading volume has declined to $105M.

Source: CoinMarketCap

FLOKI has bounced back from the trend line, thus regaining its strength on the weekly chart. The token is now back at $0.000083 after a significant bounce from the low in its price. FLOKI performed the same after bouncing off support levels and then a sharp bounce up. The structure remains intact, with higher lows and a steady macro uptrend.

Analyst projection of a target is between $0.00025 and $0.00035, which is at the level of resistance. Such a pattern implies that there is a constant increase towards that range, making FLOKI one of the next memecoins to explode.

2. Shiba Inu (SHIB)

The second-largest memecoin, Shiba Inu, is currently resting at around $0.00001335 with a decline of 3% in the past 24 hours. Despite this latest decline, the memecoin is up by 10% over the past 30 days. SHIB has developed strong support in the $0.00001000 region, while the resistance is at $0.00001500. Its market capitalization and trading volume have dropped to $7.80 billion and $165 billion.

Source: CoinMarketCap

In a 2-week time frame, SHIB cleared a descending channel. This breakout clearly indicates more upside moves after the downtrend, which has dragged on for some time now. At present, it is trading around $0.00001300, which indicates a recovery from the recent low levels.

Near-term targets include $0.00001510 and $0.00001850, offering strong upside markers. Additional zones at $0.00002110 and $.00002460 could also get activated, provided that the momentum persists to double the price from the current values. With the current structure, SHIB is now poised to join the list of next memecoins set to explode, and traders should keep an eye on upward pressure formation.

3. Dogecoin (DOGE)

The OG memecoin, Dogecoin, is still consolidating around the $0.1700 as bears and bulls battle for control. As of this writing, the memecoin was up by 2.30% to trade at $0.1745 with a trading volume of $880 million. 

Source: CoinMarketCap

The price of Dogecoin has had a distinguishable pattern and movements in recent periods hint at a breakout. It started with a rising wedge, which was then broken by a decline through the parallel channel. In every drop, the price reverted back and returned to a recovery phase. A similar pattern is repeating again now that Dogecoin has also started to rise after its recovery phase.

The four-hour chart shows consistent patterns preceding the upward trending movement. Formations, such as a rising wedge breakdown and a channel retreat and bounce, are also observed. At the moment, DOGE is trading around $0.17 after breaking the resistance level and should the trend persist, the analyst suggests the memecoin could be a chance for those looking for the next memecoins to explode.

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