Next Memecoins to Explode, Jan 22 – Trump, Dogecoin, Bonk

Highlights:

• With strong bullish trends and market potential, Dogecoin, TRUMP, and BONK emerge as the next memecoins to explode.
• Analyst forecast an additional surge for TRUMP, having surged 535% since launch, buoyed by ETF interest.
• Dogecoin and BONK technical indicators signal massive rallies due to the rising bullish momentum.

Today, the crypto market displays a bullish sentiment as prices embark on upward trajectories. The renewed market interest has seen Bitcoin retrace above the $105k level while most altcoins record huge gains. 

In addition, the bullish momentum has elevated the global market cap by 1.90% to $3.62 trillion despite a decline in the 24-hour trading volume of $180 billion. However, the fear and greed index rests at 66 index indicating a greed sentiment. 

Amidst the broad market recovery, the memecoin sector has risen by 5.42% to $108 billion and a 24-hour trading volume of $32 billion. Memecoins are known to offer good investment opportunities, especially when the market embarks on bullish movements. So, here is a look at the next memecoins to explode, such as Trump, Dogecoin, and Bonk. 

Next Memecoins to Explode

1. OFFICIAL TRUMP (TRUMP)

A recent memecoin launched on the Solana blockchain by U.S. President Donald Trump has been making waves and gaining significant attention from crypto enthusiasts. As of this writing, TRUMP is trading at $42, up 7.09% in the past 24 hours. Since its launch on Jan 18, the memecoin has gained a massive 535%. Its market cap and trading volume are $8.25 billion and $20.4 billion, respectively. 

TRUMP token has surged after breaking out of a falling wedge pattern, signaling bullish momentum. Crypto analyst Ali Martinez highlighted this breakout as a key technical indicator. The move positions the token for a potential rally as the analyst sets a $54 price target.

$TRUMP broke out of the falling wedge and the target remains at $54! https://t.co/3Dq0ZzAoh3 pic.twitter.com/Mf9XnNTQjx

— Ali (@ali_charts) January 21, 2025

Furthermore, on Tuesday, REX Shares filed for a TRUMP ETF with the SEC, days after the coin’s launch. The filing also included ETFs for Dogecoin and BONK, hinting at broader crypto adoption. With growing ETF interest and bullish breakout, TRUMP could be among the next memecoins to explode as it continues to gain popularity.

2. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is trading at $0.36, gaining 5.47% in the past 24 hours. Despite displaying a bearish trend recently after facing a stiff rejection at the $0.42 region, the memecoin has been up 14% over the past month. Furthermore, the market cap and trading volume have climbed to $53.60 billion and $8.45 billion, respectively. 

Dogecoin could see a massive 55x rally, potentially reaching $20, according to crypto analyst Dima James Potts. He links Dogecoin’s historical surges to U.S. presidential inaugurations, citing patterns from 2017 and 2021.

$DOGE $10+ DOGECOIN?! 🚀🚀

This weekly chart of #DOGECOIN shows its performance in the days and weeks following each presidential inauguration (indicated by vertical green lines).

• 1st cycle (2017): Dogecoin increased 30X after the inauguration date.

• 2nd cycle (2021):… pic.twitter.com/3unXeJ8YKu

— Ðima James Potts (@DimaPotts36) January 19, 2025

During the 2017 cycle, DOGE rose 30x, while the 2021 rally hit 80x. Potts predicts similar growth in 2025, with DOGE currently priced at $0.38. Institutional interest and technological advancements could pose it as one of the next memecoins to explode. These factors, coupled with historical trends, create a strong case for a significant price rally.

3. Bonk (BONK)

A leading memecoin on the Solana blockchain has shown an impressive rally over the past week, surging by over 20%. As of this writing, the memecoin is trading at $0.000033, up by 13% in the past 24 hours. The robust bullish momentum has elevated the market cap and trading volume to $2.49 billion and $967 million, respectively. 

Looking at the daily technical indicators, BONK displays a potential breakout above $0.00003600 soon. A breakout above this point would energize the bulls, leading to a fresh rally toward the key resistance at $0.00004800.

The Moving Average Convergence Convergence (MACD) and Relative Strength Index (RSI) indicators back this rally. The MACD indicator shows a constant rise in the green histogram, with its averages recording an upward trajectory. 

Similarly, the RSI is in the neutral region at 52, suggesting further room for growth. Should the bullish momentum hold, the RSI could climb toward the overbought region, rallying the price past the key resistance levels.