Next Memecoins to Explode, May 7 – SHIB, PEPE, POPCAT
Highlights:
- Shiba Inu shows a 30% upside potential, targeting $0.00001678 if the breakout is sustained.
- PEPE breaks key resistance, maintaining bullish momentum with a potential move towards $0.000015.
- Popcat’s bullish rally signals a breakout, targeting a 41.55% gain with strong support levels.
The crypto market is up today as the leading asset, Bitcoin, climbed above the $97K mark after a brief correction. Following the broad market rally, the global market cap has surged to the $3 trillion mark while the 24-hour trading volume stands at $83 billion.
The rally has also been reflected in the memecoin sector, as its market capitalization surged above $50 billion. In addition, its trading volume has experienced a slight increase to $4.90 billion. In the section below, we will discuss the next memecoins to explode, such as Shiba Inu, PEPE and Popcat (SOL).
Next Memecoins to Explode
1. Shiba Inu (SHIB)
The second-largest memecoin, Shiba Inu, is trading at $0.00001285, up by 3.50% in the past 24 hours. SHIB has been trading on an ascending pattern recently, surging by 13% on the monthly chart. This bullish trend has elevated the market capitalization and trading volume to $7.57 billion and $130 million, respectively.
A rounded bottom pattern on the daily chart shows signs of recovery for the Shiba Inu price. From a $0.00001282 low, it bounced to trade at $0.00001305. Based on the chart analysis, a breakout above $0.00001274 might signal a trend reversal.
If SHIB can clear the next resistance at $0.00001678, the analyst projects a 30% surge. Meanwhile, the RSI of 52 shows neutral momentum. However, short-term selling pressure persists. Should the bullish setup be maintained, SHIB could be one of the next memecoins to explode in the coming sessions if the breakout occurs.
2. PEPE
The frog-themed memecoin, PEPE, has surged by 5% today following the broad market rally. The bullish momentum has pushed the price to $0.000008205 to reverse the descending pattern observed on the weekly chart. Having surged by 27% on the monthly chart, the memecoin’s market cap has surged to $3.45 billion.
PEPE is catching eyes as one of the next memecoins to explode, setting up strong on the technicals. The daily Ichimoku Cloud has shifted from red to green, and the token is now trading above it. Such a shift indicates bullish pressure mounting. As a result, PEPE has managed to hold above a key range between $0.0000075 and $0.0000077, gaining further support.
$PEPE flipping bullish on the daily🔥
Pepe coin is now retesting the daily Ichimoku Cloud as support before making a move higher pic.twitter.com/ZIbB7xPhgB
— Bitcoinsensus (@Bitcoinsensus) May 6, 2025
Additionally, the break above a descending trendline breaks the previous downtrend. After stabilizing near $0.000022 in March’s highs, the price is now consolidating. As long as momentum prevails, a run toward $0.000015 is still on the cards, with buyers protecting the current levels.
3. POPCAT
Popcat (SOL) is riding on a massive bullish rally today after recording a surge of 10% in the past 24 hours. The memecoin is trading at $0.4183 with a market capitalization of $410 million as of this writing. Furthermore, the memecoin has surged by 15% and 200% on the weekly and monthly charts.
A recent analysis by analyst CryptoBull_360 suggests that Popcat is indicating a potential breakout. On the 4-hour time frame, the cryptocurrency has been consolidating within a horizontal resistance zone. As volume builds, momentum is swinging in favor of POPCAT, potentially breaking over the crucial resistance level. The analyst is anticipating a big move upward if this breakout materializes.
#POPCAT is getting ready for strong breakout from the depicted horizontal resistance zone in 4Hr TF, Volume rising as good momentum, keep an eye on!!$POPCAT #POPCATUSDT #memecoin pic.twitter.com/a3Uuqsdv0Y
— CryptoBull_360 (@CryptoBull_360) May 7, 2025
The price is currently trading closer to significant levels, aiming to reach targets near $0.6000, which represents a potential 41.55% gain. If it continues to hold strong above key support levels, POPCAT is positioned to become one of the next memecoins to explode.
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Raymond Munene
Raymond Munene is a crypto content writer who contributes to Crypto2Community. With over three years of experience, he is interested in Bitcoin, Blockchain, and Technical Analysis. Focusing on daily market analysis, his research helps traders and investors alike. His particular interest in cryptocurrency and blockchain aids his audience.
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