Next Memecoins to Explode, May 6 – Dogecoin, PEPE, BONK

Highlights:

• Dogecoin remains in a strong uptrend, with price holding above key Ichimoku support levels.
• PEPE confirmed a breakout above resistance, turning the $0.00000404 zone into support.
• BONK has broken out of a four-month range, with traders watching for continuation toward higher targets.

Crypto prices are rallying on Wednesday following the easing of geopolitical tensions in the Middle East. President Donald Trump signaled the end of the “EPIC FURY” noting that the war would come to an end if Iran agreed to the terms. As a result, the total market cap and trading volume have surged to $2.70 trillion and $165 billion, respectively.

The memecoin sector has also witnessed a similar trend, with its market valuation surging by nearly 10% to $40 billion. In addition, its trading volume has gained 20%, pushing the value to $6.50 billion. Amidst this broad market rebound, let’s discuss the next memecoins to explode, such as Dogecoin, PEPE, and Bonk.

Next Memecoins to Explode

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is trading around $0.1150, up 0.10% over the last 24 hours. The memecoin has recorded weekly and monthly gains of 8% and 25%, respectively. Moreover, its trading volume has surged by 70% to $2.50 billion.

Dogecoin is holding a firm uptrend on the 4-hour chart, as the price respects Ichimoku signals, according to crypto analyst Trader Tardigrade. The price has continued to track above both Tenkan-sen and Kijun-sen, confirming steady directional strength. Meanwhile, the candles have remained above the Kumo, reinforcing bullish structure. 

$DOGE/4h <Ichimoku Update>#Dogecoin is in a **strong uptrend** on the 4-hour chart, consistently following both the Tenkan-sen and Kijun-sen (pink circles) higher, while trading above the Kumo.

❇️ This clean alignment of price action with the two momentum lines shows healthy… pic.twitter.com/AjZPGaXF0H

— Trader Tardigrade 🧬 (@TATrader_Alan) May 6, 2026

The analyst has highlighted that momentum remains intact, with no signs of immediate exhaustion, making DOGE one of the next memecoins to explode. Earlier, two setups delivered notable gains during this move. The Kumo retest produced a 26% rise, confirming a strong support reaction. Meanwhile, a breakout above the cloud with a bullish cross returned 23%. 

2. PEPE

PEPE displays a bullish outlook today following the broader market rebound. As of this writing, the memecoin is hovering around $0.000004160, up by more than 1% over the last 24 hours. Its market cap and trading volume stand at $1.70 billion and $600 million, respectively. 

PEPE shows a shift in structure after a break above its long-standing descending trendline. The price cleared the $0.00000404 resistance level with a strong daily close. This move signals weakening bearish pressure from the September downtrend. The breakout holds technical significance, as PEPE now trades above a key supply zone. 

#PEPE
Güncel görünüm.

Dostlar $PEPE kritik eşiği geçti. ⚡️

✅ Eylül’den gelen düşüş trendi kırıldı
✅ 0.00000404$ direnci aşıldı
✅ Üzerinde günlük kapanış geldi

Yani kırılım artık teyit almaya başladı. 👀

Şuan teknik tarafta önü oldukça açık görünüyor.

Yakın takibinizde… https://t.co/xa7jIINYIj pic.twitter.com/CzayyTppgZ

— Bitcoin Meraklısı (@Bitcoinmeraklsi) May 6, 2026

Meanwhile, momentum indicators also align with this move, supporting a developing bullish structure. With resistance flipped into support, higher targets have been noted at $0.00000450 and $0.00000500. However, the price must sustain above the breakout zone to maintain momentum. A drop below $0.00000404 could invalidate the current setup.

3. BONK

BONK has extended its upward rally with a surge of 4.50% on the daily chart. The price is currently resting around $0.000006770, with a trading volume of $115 million. Its market cap sits around $595 million.

BONK has been trading sideways for nearly four months, forming a clear accumulation base. The memecoin has been compressed between support near $0.0000057 and resistance around $0.0000077. Recently, buyers pushed the price above this ceiling with strong momentum, ending the range-bound structure. 

$BONK chopped sideways for 4 months…
This is usually where the real move starts. pic.twitter.com/cuENO7h9sH

— The Moon Show (@TheMoonShow) May 5, 2026

According to the chart, analysts project a measured move toward $0.0000115, indicating roughly a 45% upside from the breakout level. If momentum holds, the price may test $0.0000120 next. However, failure to hold above $0.0000077 risks a return to consolidation.