Next Memecoins to Explode, Feb 19 – Dogecoin, Bonk, Dogwhifhat

Highlights:

• The next memecoins to explode are Dogecoin, Bonk, and Dogwhifhat, as the market remains volatile.
• Dogecoin could be gearing up for an upward journey with the possibility of reaching $1.5 based on technical analysis.
• Bonk and Dogwhifhat are approaching key support levels, which could bounce if those levels will hold.

The crypto market displays mixed sentiment as the bulls and bears battle for control. The global market cap and 24-hour trading volume have surged to $3.17 trillion and $102 billion, respectively. However, the fear and greed index has dropped to 37 levels, indicating a fear sentiment.

The leading asset, Bitcoin, is still consolidating around the $95k level, while altcoins such as Litecoin and Aptos have emerged among the top gainers today. Amidst the mixed sentiment, the memecoin sector has seen a hit as its market cap and 24-hour trading volume dropped to $67 billion and $6.30 billion, respectively. 

As the broad market remains uncertain, let’s look at the next memecoins to explode, such as Dogecoin, Bonk, and Dogwhifhat. 

Next Memecoins to Explode

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is trading at $0.254 with a modest gain of 0.70% in the past 24 hours. DOGE has declined over 30% in the past month, dropping the market cap and trading volume to $37.40 billion and $1.32 billion, respectively.

Crypto analyst and trader Trader Tardigrade has shared the analysis of the weekly Stochastic RSI of DOGE and pointed out a crossover in the oversold area. This signal points to the possibility of an upward price movement for DOGE. According to the chart and analysis from Tardigrade, DOGE is currently within the macro channel and has a target of $1.5.

#Dogecoin weekly Stochastic RSI signals Crossover in Oversold zone 🔥
Macro channel sets $Doge target above $1.5 🚀 pic.twitter.com/FfH6M97kim

— Trader Tardigrade (@TATrader_Alan) February 19, 2025

This technical pattern could make Dogecoin one of the next memecoins to explode. The crossover in the oversold region indicates some potential for an upward move in the next trading sessions.

2. Bonk (BONK)

The dog-themed memecoin, BONK, has been trading on a descending channel recently, losing over 50% and 9% on the monthly and weekly charts, respectively. At press time, BONK is trading at $0.0000158, up by 0.17% in the past 24 hours. Its market cap and trading volume are $1.20 billion and $118 million, respectively. 

According to analyst Ali Martinez, BONK is nearing an essential support level at $0.0000091. Ali has pointed to this level as decisive for the coin’s stability and positive destiny if sustained at this level. 

$BONK is on its way to test the $0.0000091 support level! pic.twitter.com/6DXcurXBSt

— Ali (@ali_charts) February 19, 2025

If BONK keeps the value at this range, it will offer a great opportunity for a robust rebound. Consequently, investors should watch for a retest at the $0.000091 support level as it could mark a significant juncture in the trajectory of what could be the next memecoin to explode.

3. Dogwhifhat (WIF)

Dogwhifhat is displaying signs of recovery after reversing the weekly decline to an 8% gain. At press time, WIF is trading at $0.634, up by 1.17% in the past 24 hours. Despite the bullish reversal, the memecoin remains at 60% on the weekly chart. Its market cap and trading volume stand at $626 million and $275 million, respectively.

WIF is currently down 90% from its all-time high and is still approaching a possible accumulation range of $0.20 – $0.50. This makes it possible to sit in the potential interest zone, according to analyst CrediBull Crypto, which makes it the next memecoin to explode. Currently, its price sits at around $0.64, which is relatively stable and has been falling in the recent past months.

Fwiw, $WIF is finally approaching an area of interest that I talked about months ago, down some 90% from the highs where I advised caution and called for a major correction to sub $1 levels.

The region between .20-.50 is a place where I would actually consider blind… https://t.co/yV9jnKbtOA pic.twitter.com/iZGLmxDAf8

— CrediBULL Crypto (@CredibleCrypto) February 19, 2025

Despite the deterioration of this zone, it is a favorable area that provides an adequate risk-to-reward ratio for long-term investment. The analyst recommends that one should wait for a clear accumulation pattern before making decisions. Thus, the market conditions surrounding SOL and memecoins will remain the focus for WIF’s next steps.