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bitcoin
Bitcoin (BITCOIN)
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ethereum
Ethereum (ETHEREUM)
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binancecoin
BNB (BINANCECOIN)
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solana
Solana (SOLANA)
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ripple
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Next Memecoins to Explode, July 9 - PENGU, FLOKI, DOGE

Highlights:

  • Pudgy Penguins, FLOKI, and Dogecoin are highlighted as the next memecoins to explode amid bullish trends.
  • PENGU shows growth potential with ETF rumors, while FLOKI breaks a key resistance, hinting at a notable rally.
  • DOGE attracts whales again, signaling possible big price swings ahead as traders place bullish bets.

The crypto market is looking positive today, as the global market cap surges to $3.39 trillion while the daily trading volume declines to $99 billion, indicating increased market activity. Despite the fluctuations, the fear and greed index has remained at neutral levels at 52 indexes. Similarly, the memecoin sector mirrors the broad positive outlook, as most of the tokens show double-digit gains. Amidst this bullish sentiment, let’s discuss some of the next memecoins to explode, such as Pudgy Penguins, FLOKI, and Dogecoin.

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Next Memecoins to Explode

1. Pudgy Penguins (PENGU)

Pudgy Penguins has been on a bullish ride recently, erasing one zero in its price as it surged above $0.0100. On the monthly chart, the memecoin has surged by over 40%, pushing its market cap and trading volume to $920 million and $150 million, respectively. Currently, the price is sitting around $0.0147, with a decline of 2% over the past 24 hours. 

Source: CoinMarketCap

Crypto analyst Satoshi Flipper recently shared insights on PENGU, positioning it as one of the next memecoins to explode. Flipper suggests that the current market cap of the memecoin under $1 billion seems below the value of other competitors such as PEPE and DOGE. Furthermore, PENGU is charting a potential bullish ascending triangle near term, which is an anticipation of future expansion.

Moreover, Flipper emphasizes that Canary has a pending ETF proposal that is currently under SEC review, which has the potential for a price rally. After months of monitoring the market, the analyst just bought a significant PENGU position. He is quite optimistic about PENGU with a lot of positive trends in the future within six months.

2. FLOKI

FLOKI has surged by over 25% over the past 7 days, pushing the price above the $0.0000900 resistance level. Since forming a solid support at the $0.000060 mark, the memecoin has been trading on an ascending pattern, indicating a further upward journey. As of this writing, FLOKI is trading around $0.00009020 with a surge of 6% over the past 24 hours. In addition, its trading volume has surged by 100% to $250 million.

Source: CoinMarketCap

FLOKI recently broke out of a downward trend that had lasted for several weeks. Formation of the price action appeared in the form of a falling wedge pattern, which is considered by analyst to be a bullish reversal formation. Once it broke the resistance, it rallied up above the $0.00009000 mark.

This price movement suggests increasing market interest in FLOKI, making it one of the next memecoins to explode. The analyst suggests a possible 51% breakout gain on the breakout zone. The prospective target of around $0.00013400 seems likely to be achieved should the momentum prevail. Volume is also gaining traction, indicating that there is robust buying pressure.

3. Dogecoin (DOGE)

The OG-memecoin, Dogecoin, is hovering around $0.1730 with a surge of 1.30% in the past 24 hours. Over the past week, the memecoin has surged by 6% as the price looks to challenge the resistance at the $0.1800 region. Its market cap and trading volume stand at $25.95 billion and $840 million, respectively.

Source: CoinMarketCap

Dogecoin is gaining attention as possibly the next memecoin to explode after recent notable whale activity. IntoTheBlock data shows that the number of coins held by large wallets jumped by 112% in a single week. This swift accumulation implies that large investors may be anticipating large-scale price movement in the near future. In addition, Dogecoin has been consolidating between $0.126 and $0.176, and interest by whales might signal future volatility.

Source: Intotheblock

Meanwhile, bullish forecasts are also supported by derivative markets. Dogecoin has seen its open interest grow by more than $2 billion, a mark that has not been seen since June. Furthermore, funding rates increased to +0.21%, which means traders are becoming more optimistic about bullish positions.

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