Next Memecoins to Explode, June 25 – WIF, SHIB, SPX

Highlights:

• WIF, SHIB, and SPX are the next memecoins to explode as momentum builds across the broader crypto market.
• Dogwifhat shows a bullish reversal after hitting the 0.618 Fibonacci level, with eyes on $1.70.
• SHIB and SPX show bullish reversal signs, supported by price action, volume shifts, and technical patterns.

The overall market capitalization has surged to $3.29T as the positive momentum prevails in the broad market. The flagship asset, Bitcoin, is hovering around $106k, with investors anticipating further gains. Similarly, the memecoin sector is sailing on a bullish ride as most tokens trade in green. Amidst this broad positive market momentum, let’s take a look at the next memecoins to explode, such as Dogwifhat, Shiba Inu, and SPX6900.

Next Memecoins to Explode

1. Dogwifhat (WIF)

Dogwifhat, a Solana-based memecoin, is recovering after a long time of trading under a descending channel pattern. The memecoin has surged by almost 10% on the weekly chart, pushing its price toward the $0.90 resistance zone. As of this writing, WIF is trading at $0.866 with a market cap and trading volume of $860 million and $410 million, respectively.

Following a recent analysis by analyst Bluntz, Dogwifhat could become one of the next memecoins to explode. The analyst perceives that a bullish formation is forming, which will be the completed five-wave pattern upwards and the corrective ABC decline. Notably, this retracement touched a critical Fibonacci level at 0.618, indicating a potential reversal and target towards the range of $1.70.

liking $wif here, clear 5 up on daily and subsequent abc back down to the major 0.618 in a nice 3 wave move.

impulse and correction lasted similar amount of time which is also what you wanna see.

the hat stays on pic.twitter.com/KhA19LYRNC

— Bluntz (@Bluntz_Capital) June 23, 2025

Additionally, Bluntz added symmetry in the timing of impulse and corrective moves, which supports the bullish scenario. WIF, with its current price of about $0.81, is ready to at least double based on this technical setup.

2. Shiba Inu (SHIB)

The second-largest memecoin, Shiba Inu, kicked off the week in style, forming a steady uptrend pattern, but currently faces a stiff rejection at the $0.0000118 mark. Following the rejection, the price has corrected to $0.0000117, a decline of 0.30% on the daily chart. In addition, its trading volume has dropped by 45% to $120 million.

Crypto analyst Jonathan Carter, however, observed that the memecoin is experiencing a reversal of its recent downward trend. SHIB is currently challenging key midline support as a part of a descending channel pattern observed on daily charts. In case the memecoin bounces back strongly, it could turn out to be the next memecoin to explode, given the projected upside targets of $0.00001250 to $0.00002420.

#SHIB

Shiba Inu is forming a descending channel pattern on the daily timeframe🔍

The price has declined from the upper border and is now retesting the midline support zone💁‍♂️

A sustained bounce from this zone could drive the price toward targets at $0.00001250, $0.00001500,… pic.twitter.com/Zwtpqlm26V

— Jonathan Carter (@JohncyCrypto) June 23, 2025

Fueling the bullish outlook, the number of tokens burned increased by more than 200% in 24 hours, reaching about 15 million SHIB. Such increased burn rates help reduce token supply, supporting higher prices, especially near critical support levels, where price reversals frequently start.

3. SPX6900 (SPX)

SPX price recently displayed a tremendous journey, with the price nearing its all-time high on June 12th. However, following the recent market fluctuations, the price corrected to lows of $0.93 over the weekend. Currently, the price has recovered and is hovering around $1.32, with a surge of 5% over the past 24 hours. Moreover, its market value and 24-hour trading volume stand at $1.23 billion and $110 million.

Technical indicators on the daily chart suggest that the memecoin is reversing its downtrend, which could possibly lead to a continuation of its upward journey. The RSI, which had dropped to 40 levels, has climbed into the neutral region, indicating an increased buying pressure.

Should the current trend hold, SPX could be ready to challenge key resistances observed at the $1.48 and $1.80 regions. In addition, SPX’s recovery effort is being held by the support at $0.9140, which, if breached, could shift the upward trend.