Next Memecoins to Explode, January 17 – DOGE, FARTCOIN, SHIB

Highlights:

• DOGE is finding strong support near $0.135 and could move toward $0.150 if momentum builds.
• Fartcoin is stabilizing around $0.28 and may push toward $0.40 if buying pressure returns.
• SHIB has bounced from $0.00000689 and is showing room for a move toward $0.000011 if interest strengthens.

The crypto market is moderately down today, owing to leverage reduction and the regulatory standstill in Washington over digital assets. As a result, the fear and greed index has shifted back to the neutral zone at an index of after touching the greed zone. As of press time, the total market cap is down 0.34% to $3.22 trillion. In addition, the trading volume is down 27.63% to $87.53 billion in the past day.

The total liquidations in the last day totaled $143.69 million, according to Coinglass data. The memecoin market cap is down 0.4% to $48 billion, and the trading volume stands at $3.9 billion, according to CoinGecko data. With the market cooling off due to regulatory uncertainty, here are the next memecoins to explode.

Next Memecoins to Explode

1. Dogecoin (DOGE)

The largest memecoin by market cap is trading at $0.1371, a 2.15% decrease in the past day. In addition, the trading volume is down 1.95% to $1.31 billion, while the market cap stands at $23.09 billion.

Source: CoinMarketCap

Dogecoin has formed a clear double bottom after a prolonged decline, according to popular analyst Trader Tardigrade. The price has reacted strongly from the $0.135 support zone, which has capped downside pressure. Moreover, repeated rebounds from this area suggest sellers have lost control. The structure is pushing the price toward the $0.150 region, which now acts as a key resistance level. A sustained move above this zone signals trend reversal confirmation for the memecoin.

Meanwhile, momentum has improved as candles print higher lows. The RSI has also recovered from oversold territory, reinforcing bullish conditions. In addition, the volume expansion supports the breakout attempt. However, rejection near resistance may trigger a short pullback toward $0.140.

2. Fartcoin (FARTCOIN)

Fartcoin, a Solana-based memecoin, is trading at $0.3730, with a 0.59% decrease in the past 24 hours. The market cap of the memecoin stands at $373.06 million, while the trading volume is down 46.25% to $61.73 million.

Source: CoinMarketCap

Fartcoin has been trading inside a broad descending channel after a sharp sell-off earlier. The price jumped from the $0.28 demand zone, which has repeatedly absorbed downside pressure. The $0.38 to $0.4 area has capped upside moves and remains the key resistance. A clean push above this zone will open the room toward the $0.50 and higher channel resistance.

The stochastic RSI has stayed near oversold levels, hinting at building momentum. However, failure above the resistance may cause a brief pullback toward $0.30. Overall, the setup favors continuation if the price holds the rising base.

3. Shiba Inu (SHIB)

SHIB has defied the overall market momentum today and has printed a green candle on the daily chart. The memecoin is trading at $0.000008479, a 0.45% increase in the past day. In addition, the trading volume has increased 4% to $99.41 million. Meanwhile, the market cap of the memecoin stands at $4.99 billion.

Source: CoinMarketCap

SHIB is trading inside a tight range on the daily chart after a sharp bounce from the $0.00000689 low. The price is now holding near $0.00000848 and is showing steady acceptance above $0.00000813. This zone has acted as a short-term floor during recent pullbacks. Meanwhile, the $0.00001005 level stands as the first major barrier overhead.

Source: TradingView

A daily close above that area can push the price toward $0.00001116 next. The RSI has stabilized near the mid-range and is showing improving momentum. However, failure to hold $0.00000813 can expose $0.00000689 again.

eToro Platform

Best Crypto Exchange

• Over 90 top cryptos to trade
• Regulated by top-tier entities
• User-friendly trading app
• 30+ million users

9.9

Visit eToro

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.