The crypto market posted greener numbers as the bulls went wild. As a result, memecoins such as Dogecoin, Shiba Inu, Trump coin, and Bonk saw the highest gains during this period.
Successively, market participants were interested in icebreaker questions such as: will the memecoin segment maintain its bullish recovery and surpass its important resistance levels this week? Or is this another minor pump before discharge?
In this article, CoinPedia’s panel of experts uncovered the market sentiment and possible price analysis of the top 3 memecoins by market cap.
Dogecoin (DOGE)
Doge coin price maintained its positive action by adding 8.26% in 24 hours and 17.79% in the last 30 days. Notably, with a cumulative return of +16.16%, it secured the 07th position with a market capitalization of $54.185 billion.
The simple moving average (SMA) is about to experience a bearish convergence in the DOGE price chart. Additionally, the MACD indicator records similar price action on the daily time frame. However, given the current market sentiment, a positive reversal cannot be ignored.
Suppose a bullish reversal occurs, in such a situation, Dogecoin price will retest its high of $0.440 in the coming time. On the contrary, if the bears overtake the bulls, it could send it plunging towards its low of $0.325.
Wondering if DOGE memecoin will hit $3? Read CoinPedia Dogecoin Price Prediction to uncover possible long-term mysteries!
Shiba Inu (SHIB)
Despite some bearish action recorded this year, the price of SHIB coins jumped around 4% today with a trading volume of over $600 million. This meme coin has a cumulative yield (YTD) of -2.67% and has achieved a market valuation of $12.124 billion.
The relative strength index (RSI) records a bearish curve on the daily period. Additionally, the 50/200-day EMA shows similar price action. This suggests a negative outlook for the second largest coin by market capitalization.
If the bulls regain momentum, Shiba Inu price will break through its resistance level of $0.00002350 and head towards its upper resistance level of $0.00003080. However, a bearish reversal could pull the price of this meme coin towards its all-time low of $0.000170.
Are you considering stacking SHIB memecoins before they hit a “0?” » Read our Shiba Inu Price Prediction!
Bonk (BONK)
With a jump of more than 15% in 24 hours, the price of Bonk outperformed the main cryptocurrencies. It appears that this Solana-based memecoin has reclaimed a position among the top 50 cryptocurrencies with a market capitalization of over $2.51 billion.
The Moving Average Convergence Divergence (MACD) shows a steady increase in the green histogram, with its averages registering an upward trajectory. Additionally, the SMA indicator supports the Bonk price chart on the daily time frame, suggesting a positive outlook.
Continued bullish price action could push Bonk price towards its upper resistance level of $0.00004050 this month. Conversely, a trend reversal could pull the price towards its low of $0.0000270.
Curious to know if the Bonk memecoin will hit a new 52-week high in 2025? Read CoinPedia Bonk Price Prediction 2025, 2026 – 2030!
FAQs
For this memecoin to reach the $100 mark, it will need to reach a market capitalization of $14.77 trillion. So it is very unlikely that this memecoin will reach this price with the current token supply.
With the increased adoption and pro-crypto policies of US President Donald Trump, the price of DOGE coin may surpass the $1 mark this year.
It is very unlikely that this meme coin will reach the listed price given its circulation and maximum supply.
With a 24-hour trading volume of $931.187 million, it exchanges hands at $0.00003270.