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ethereum
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binancecoin
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solana
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pepe
Pepe (PEPE)
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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
$105,013 0.46%
ethereum
Ethereum (ETHEREUM)
$3,550 -0.22%
binancecoin
BNB (BINANCECOIN)
$972.73 -0.57%
solana
Solana (SOLANA)
$159.59 -2.11%
ripple
XRP (RIPPLE)
$2.44 -0.38%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000010 0.54%
pepe
Pepe (PEPE)
$0.000006 0.51%
bonk
Bonk (BONK)
$0.000013 -0.68%
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Next Memecoins to Explode, November 12 - Dogecoin, Memecore, Dogwifhat

Highlights:

  • Dogecoin, Memecore, and Dogwifhat are showing early signs of fresh momentum, making them the next memecoins to explode.
  • Memecore has been gaining steadily and attracting buyers’ confidence at key resistance levels.
  • Both Dogecoin and Dogwifhat are sitting in very crucial areas for accumulation, suggesting imminent breakouts soon.

The global market cap has declined to $3.51 trillion, leading to about $413 million of liquidations, according to data from Coinglass. This negative sentiment has also led to Bitcoin and major altcoins suffering major losses. The memecoin sector has, however, risen to $52 billion. This increase seems to indicate that speculators are returning to the market. In this article, we will discuss the next memecoins to explode, such as Dogecoin, Memecore, and Dogwifhat.

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Next Memecoins to Explode

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, after a week of positive trading, is currently trading on a bearish note. The memecoin is currently trading around $0.175, down by 1.40%. Moreover, the market capitalization and trading volume have declined to $26 billion and $1.6 billion, respectively.

Next Memecoins to Explode, November 12 - Dogecoin, Memecore, Dogwifhat
Source: CoinMarketCap

According to Bitcoinsensus, the price chart of Dogecoin has been experiencing a similar trend of increasing lows and increasing highs since 2023. The memecoin is now at a new weekly accumulation zone, and this is one of the positive indications of future gains.

Citing historical patterns, these kinds of price structures are typically preceded by explosive rallies. Should this trend persist, a subsequent higher high would trigger a parabolic trend, pushing the price of Dogecoin above $0.80. This analysis should be closely monitored by investors interested in the next memecoins to explode.

2. Memecore (M)

Memecore is defying the broader market downturn today with a surge of 2.50% on the daily chart. Trading around $2.44, the memecoin has pushed the monthly gains to 19%. Its market capitalization stands at around $2.50 billion.

Next Memecoins to Explode, November 12 - Dogecoin, Memecore, Dogwifhat
Source: CoinMarketCap

Technical indicators on the daily chart show an imminent upward rally in Memecore’s market. The price has successfully rebounded from the key support around the $2 region and formed an ascending pattern. 

Source: TradingView

The bulls are currently eyeing the immediate resistance at the $2.60 level, whereby a break above this point could lead to a push toward the $3.02 mark. Moreover, the RSI has switched the course of its downward movement and is bouncing from the neutral zone, which is a sign that the buying pressure is growing.

3. Dogwifhat (WIF)

After a decline of 15% on the monthly chart, Dogwifhat rebounded on the weekly, with a surge of 17%. As of press time, WIF is exchanging hands at around $0.50%, with a market capitalization and trading volume of $480 million and $120 million.

Source: CoinMarketCap

Dogwifhat is currently trading in a tight resistance zone, and traders are closely following the price movement for signals of a potential uptrend. Analyst CW identified $0.52 as the major breakout level after a very strong accumulation period. The chart indicates that the selling wall, which prevents the price from going up, is under pressure because of the higher lows that are being formed.

In case the buyers succeed in overcoming the barrier of $0.52, WIF would target $0.61, thus prolonging the recent recovery. On the other hand, if there is rejection, the prices may revert to the range of $0.45-$0.47. Traders who are keeping an eye on the next memecoins to explode should monitor this setup for a breakout.

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