The crypto market has been posting greener numbers, with the bulls getting unchained. As a result, memecoins such as Dogecoin, Shiba Inu, Trump coin, and Bonk have recorded the highest gains during this period.
Successively, market players have been keen on icebreaker questions like: Will the memecoin segment maintain its bullish recovery and surpass its important resistance levels this week? Or is this another minor pump before the dump?
In this article, CoinPedia’s expert panel has uncovered the market sentiment and possible price analysis of the top 3 memecoins by market cap.
Dogecoin (DOGE)
The Doge coin price has maintained its positive action by adding 8.26% in 24 hours and 17.79% over the last 30 days. Notably, with a YTD return of +16.16%, it has secured the 07th position with a market capitalization of $54.185 billion.
The Simple Moving Average (SMA) is on the verge of experiencing a bearish convergence in the DOGE price chart. Moreover, the MACD indicator records a similar price action in the daily time frame. However, considering the present market sentiments, a positive reversal cannot be ignored.
Suppose, a bullish reversal occurs, under such a situation, the Dogecoin price will retest its upper high of $0.440 in the coming time. On the contrary, if the bears outrun the bulls, this could result in it plunging toward its low of $0.325.
Wondering if DOGE memecoin will reach $3? Read CoinPedia’s Dogecoin Price Prediction to uncover the possible long-term mysteries!
Shiba Inu (SHIB)
Despite recording a bearish action this year, the SHIB coin price has jumped ~4% today with a trading volume of over $600 million. This meme coin has a Year-to-Date (YTD) return of -2.67% and has secured a market valuation of $12.124 billion.
The Relative Strength Index (RSI) records a bearish curve in the daily time frame. Moreover, the EMA 50/200-day shows a similar price action. This suggests a negative outlook for the second-largest meme coin by market cap.
If the bulls regain momentum, the Shiba Inu price will breach its resistance level of $0.00002350 and head toward its upper resistance level of $0.00003080. However, a bearish reversal could pull the price of this meme coin toward its low of $0.000170.
Are you planning on stacking the SHIB memecoins before they strike off a “0?” Read our Shiba Inu Price Prediction!
Bonk (BONK)
With a jump of over 15% in 24 hours, the Bonk price has outperformed top cryptocurrencies. Reportedly, this Solana-based memecoin reclaimed a position among the top 50 cryptocurrencies with a market cap of over $2.51 billion.
The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram, with its averages recording an upward trajectory. Further, the SMA indicator supports the Bonk price chart in the daily time frame, suggesting a positive outlook.
Maintaining a bullish price action could push the price of Bonk toward its upper resistance level of $0.00004050 this month. Conversely, a trend reversal could pull the price toward its low of $0.0000270.
Curious to find out if Bonk memecoin will hit a new 52-week high this 2025? Read CoinPedia’s Bonk Price Prediction 2025, 2026 – 2030!
FAQs
For this memecoin to achieve the $100 milestone it will have to achieve a market cap of $14.77 Trillion. Thus, it is highly unlikely for this memecoin to achieve this price tag with the current token supply.
With increased adoption and pro-crypto policies by U.S. President Donald Trump, the DOGE coin price could smash the $1 mark this year.
It is highly unlikely for this meme coin to achieve the price tag considering its circulation and maximum supply.
With a 24-hour trading volume of $931.187 million, it is exchanging hands at $0.00003270.
