Next Memecoins to Explode, January 24 – PENGU, DOGE, PEPE

Highlights:

• PENGU has found strong demand near $0.009 and is showing room to move toward $0.0165 if buying interest grows.
• DOGE is stabilizing around $0.12 and could attempt a move toward $0.15 if momentum returns.
• PEPE bounced from its support zone and is pushing toward $0.00000925 with steady interest.

The crypto market is slightly up today after a bearish run yesterday. Most of the top 10 cryptocurrencies by market capitalization are trading in the red zone in the weekly chart. Despite the small recovery today, the overall sentiment remains negative, with the market awaiting fresh triggers that will drive it.

The overall market cap is up 0.08% to $3.02 trillion. In addition, the trading volume is slightly up 5.22% to $104.24 billion. The fear and greed index stands in the fear zone at an index of 35. The BTC dominance still stands at 60, showing that capital is still not rotating to altcoins. The memecoin market cap is down 0.2% to $44 billion, and the trading volume stands at $3.48 billion, according to CoinGecko data. With the current uncertainty in the market, here are the next memecoins to explode.

Next Memecoins to Explode

1. Pudgy Penguins (PENGU)

PENGU is trading at $0.009992, a 0.61% increase over the last 24 hours. The market cap stands at $628.15 million. Meanwhile, the trading volume of the memecoin has increased by 11.81.% to $118.28 million. Despite the bearish memecoin market, PENGU has gained 9.67% on the monthly chart.

PENGU is transitioning out of a prolonged decline and into a rebuilding phase. The token has rejected the lower extreme near $0.0090 several times. That reaction signals exhaustion from sellers. Since then, the market has lifted steadily.

The price has reclaimed the $0.0115 area and now trades above former breakdown levels. The range between $0.0120 and $0.0130 acts as a decision zone. A clean hold here opens room toward $0.0165. That level marks the next heavy supply area.

2. Dogecoin (DOGE)

The largest memecoin by market cap is trading at $0.1243, a 0.65% decrease in the past day. In addition, the trading volume is down 6.03% to $785.18 million, while the market cap stands at $20.93 billion.

Dogecoin is trading near a long-term demand zone after months of steady downside pressure. The price has compressed around the $0.12 area and shows reduced volatility. This zone has acted as support several times since mid 2024.

Below this range, the price risks sliding toward $0.10. However, stability here signals seller exhaustion. The upside interest appears capped near $0.15, which marks the first resistance. Above that level, momentum could build toward $0.18. Meanwhile, the volume has cooled, which often precedes expansion. As a result, the memecoin is now sitting at a decisive inflection point.

3. Pepe (PEPE)

The frog-themed memecoin, PEPE, is trading at $0.000005028 in the past 24 hours after a small 0.85% gain. The market cap stands at $2.08 billion, and the trading volume has increased by 13.54% to $415.3 million.

PEPE is trading inside a developing base after an extended correction on the daily chart. The market activity has slowed, but the structure has started to improve. The $0.00000373 zone has repeatedly absorbed selling pressure and remains the key downside level. Above it, the market has reclaimed the $0.00000500 area, which now defines short-term balance.

Momentum indicators show cooling conditions rather than renewed weakness. The MACD has flattened after a recent surge, which often signals consolidation. The upside attempts will face resistance near $0.00000925, a level tied to prior distribution. If stability holds, PEPE has room to rotate higher from this range.