The cryptocurrency market has been posting greener numbers, with bulls taking the liberty. As a result, meme coins such as Dogecoin, Shiba Inu, Trump Coin, and Bonk recorded the highest gains during this period.
Respectively, market participants were keen to ask deadlock-breaking questions such as: Will the memecoin sector maintain its bullish recovery and surpass important resistance levels this week? Or is this another secondary pump before emptying?
In this article, the team of experts at CoinPedia reveals the market sentiment and potential price analysis of the top 3 meme coins by market cap.
Dogecoin (DOGE)
Doge coin price maintained its positive move by adding 8.26% in 24 hours and 17.79% in the past 30 days. It is worth noting that with a YTD return of +16.16%, it ranked seventh with a market capitalization of $54.185 billion.
The Simple Moving Average (SMA) is about to experience bearish convergence in the DOGE price chart. Moreover, the MACD indicator records similar price action on the daily time frame. However, given the current market sentiment, the positive reversal cannot be ignored.
Suppose a bullish reversal occurs, and under such a situation, Dogecoin price will retest its high at $0.440 next time. Conversely, if the bulls outperform the bulls, it could send it falling towards the lows at $0.325.
Wondering if DOGE memecoin will reach $3? Read Dogecoin price predictions from CoinPedia to unravel potential long-term mysteries!
Shiba Inu (SHIB)
Despite recording a downward move this year, the price of SHIB token jumped almost 4% today on a trading volume of over $600 million. This meme coin has a yearly return (YTD) of -2.67% and has a market valuation of $12.124 billion.
The Relative Strength Index (RSI) is recording a bearish curve on the daily time frame. Moreover, the 50/200 day moving average shows similar price action. This indicates a negative outlook for the second largest meme coin by market cap.
If the bulls regain momentum, Shiba Inu price will break through its resistance level of $0.00002350 and head towards the upper resistance level of $0.00003080. However, a bearish reversal could drag the price of this coin towards the low of $0.000170.
Are you planning to stack SHIB memecoins before the “0” is deleted? Read our Shiba Inu price predictions!
Bonk (bonk)
With a jump of more than 15% in 24 hours, Bonk’s price outperformed the top cryptocurrencies. Solana-based memcoin has reportedly regained its place among the top 50 cryptocurrencies with a market capitalization of over $2.51 billion.
The Moving Average Convergence Divergence (MACD) is showing a continuous rise in the green chart, with its averages recording an upward trajectory. Moreover, the SMA indicator supports the Bonk price chart on the daily time frame, indicating a positive outlook.
Sustaining the bullish price action could push Bonk price towards the upper resistance level at $0.00004050 this month. Conversely, a trend reversal could pull the price towards the low of $0.0000270.
Curious to know if Bonk memecoin will hit a new 52-week high in 2025? Read CoinPedia’s Bonk price predictions for 2025, 2026 – 2030!
Frequently asked questions
For this memecoin to achieve the $100 target, it must achieve a market cap of $100 $14.77 trillion. Therefore, it is unlikely that the memecoin will achieve this price with the current token supply.
With increased adoption and pro-crypto policies by US President Donald Trump, DOGE coin price could break the $1 mark this year.
It is highly unlikely that this meme coin will achieve the price due to its circulation and maximum supply.
With a 24-hour trading volume of $931.187 million, it is trading at $0.00003270.
