Next Memecoins to Explode, May 17 – Dogwifhat, Bonk, Dogecoin
Highlights:
- WIF has fallen 4.17% on the daily chart but holds a bullish momentum with a potential rally.
- BONK has dropped 9.41% yet gains traction from a new Solana validator deal with DeFi Development Corp.
- DOGE is trading at $0.2192 and eyeing $0.95 after breaking out of a strong bullish flag pattern on the weekly chart.
The memecoin market has taken a minor hit today, and most of the top ten memecoins are trading in the red zone today as of press time. The market is down 2.4% to $72 billion after a strong recovery in the past days.
Meanwhile, the overall crypto market value is down today by 1.36% to $3.29 trillion in the past 24 hours. In addition, the trading volume has decreased 17.53% to $110.67 billion. Despite the small pullback, the fear and greed index has shifted to the greed zone and stands at an index of 68. Most of the top 10 cryptocurrencies are also bleeding in the red zone, with Bitcoin leading the way. The top cryptocurrency is down 0.54% and is trading at $103,516. Slight market corrections offer the perfect time to enter the market; hence, these are the next memecoins to explode.
Next Memecoins to Explode
1. Dogwifhat (WIF)
The Solana-based memecoin is trading at $0.9680, a 4.17% decrease in the past day. In addition, the trading volume has decreased 6.10% to $499.42 million. Meanwhile, the market cap stands at $966.91 million. The coin has increased 17.46% in the weekly chart and 157.51% in the monthly chart.
Despite the slight correction in the price of the coin today, analysts have predicted a bullish outlook for the coin. According to crypto trader CRYPTOzz, WIF broke out of a symmetrical triangle on the 12-hour WIF/Tether chart, and the price has entered the retest phase near ascending support. In addition, the descending resistance has flipped into support.
A symmetrical triangle pattern breakout has been confirmed in the 12-hour timeframe👀
The asset is currently in the retest phase💁♂️
A bullish wave of around 40% is anticipated in the upcoming days📈
👇Crypto Traders-join Telegram👇 https://t.co/4ApYM0WgpD
. pic.twitter.com/5X0smTNdLs— Whales_Crypto_Trading 🐋 (@WHALES_CRYPTOzz) May 17, 2025
Buyers have defended the support zone near 2.00 multiple times. The volume had dropped during consolidation but may rise on confirmation. The key resistance zone sits near 4.00 to 4.50. A move above 3.35 could trigger strong upside, and the price may rally 40% from the breakout point.
2. Bonk (BONK)
Bonk is trading at $0.00001916, with a 9.41% decrease in the past 24 hours. The market cap stands at $1.51 billion, while the trading volume is down 21.07% to $338.4 million. The Solana-based coin is showing signs of recovery after falling 11.59% on the weekly chart.
Bonk is set to rally after the small correction in its price ends. DeFi Development Corporation has partnered with BONK to launch a Solana validator. The partnership marks the first time a public firm has partnered with a community meme coin. DeFi Development Corp will manage and operate the validator. Both entities will grow the stake and share validator rewards.
1/ Let's BONK ❗️❗️❗️
Today, we're announcing a historic partnership with @bonk_inu, Solana’s premier community memecoin with +920K holders and +400 integrations!
Together, we’re launching the first-ever public company x memecoin validator on Solana. 🧵 pic.twitter.com/zPXaTSXXIq
— DeFi Dev Corp. (@defidevcorp) May 16, 2025
The company aims to expand its validator business and increase SOL per share value. BONK will also push the adoption of BONKSOL, its Liquid Staking Token. The token supports community staking and helps secure the Solana network. The development is expected to increase the activity of the memecoin and, in turn, raise its price.
3. Dogecoin (DOGE)
The peer-to-peer digital currency is trading at $0.2192, a 2.78% decrease in the daily chart. In addition, the trading volume has decreased 31.46% to $1.73 billion. Meanwhile, the market value of the coin stands at $32.73 billion.
According to Bitcoinsensus, Dogecoin is following a clear bullish flag pattern on the weekly chart. Each breakout has triggered stronger upside waves. The first wave gained 90%, while the second gained 215%. In addition, the third wave gained 440%.
$DOGE BULL FLAG CYCLES :
On the weekly time-frame, Dogecoin has been moving in impulsive waves to the upside📈
Each wave has outperformed the one before by a lot :
First wave : +90%
Second wave : +215%
Third wave : +440%
Fifth wave : +??The next projected target for $DOGE is… pic.twitter.com/i5Dy6hRAm3
— Bitcoinsensus (@Bitcoinsensus) May 16, 2025
A fourth breakout has started after consolidating inside another bull flag. Previous breakouts started after similar downward channels. Momentum has shifted as price breaks out of the fourth flag, and the next price target sits at $0.95.
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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