Next Memecoins to Explode, April 23 – PEPE, SHIB, AI16Z

Highlights:

• The next memecoins to explode include PEPE, SHIB, and AI16Z, showing strong bullish momentum.
• Shiba Inu has formed a bullish pattern, targeting a 512% surge to $0.000081.
• AI16Z indicates a 62% potential rise from symmetrical triangle breakout.

The crypto market has continued its bullish outlook, with the leading asset, Bitcoin, holding above the $94K mark. The bullish momentum has seen the overall market cap and 24-hour trading volume surge to $2.95 trillion and $137 billion, respectively. Additionally, the fear and greed index is now resting at 52, indicating a neutral sentiment in the market.

Following the broad market rally, the memecoin sector has followed suit with its market cap and trading volume surging to $53 billion and $9 billion, respectively. Several memecoins have recorded double-digit gains, pushing the prices to new heights. Amidst the ongoing rally, let’s take a look at the next memecoins to explode, such as PEPE, SHIB, and AI16Z.

Next Memecoins to Explode

1. PEPE

The frog-themed memecoin has surged by 12% in the past 24 hours, elevating the price to $0.000009135. PEPE kicked off today’s session on a low note at $0.000008535 before surging to $0.000009200, where it faced resistance, leading to a minor pullback. The memecoin has surged by 28% and 20% on the weekly and monthly charts, respectively. Furthermore, its market cap has reclaimed the $3.80 billion mark while the trading volume is $1.20 billion.

Crypto analyst James Wynn has noted that PEPE will break out if it goes above $0.00001. Wynn points out the psychological barrier at this level with a short term target of $0.00001050. If PEPE breaks out it will be brief volatility followed by a big rally as FOMO kicks in.

Since everyone is asking for $PEPE TA updates again, I’ll start them up again.

I see short term resistance around 0.00001000 (psychological resistance).

And clear resistance / take profit zone at 0.00001050.

Here we will see a cup form. Where short term traders take profit,… pic.twitter.com/Bwv3IdZpWD

— James Wynn (@JamesWynnReal) April 23, 2025

He expects a “cup and handle” pattern and PEPE will retest $0.00001050 after a breakout before it continues. This could potentially make PEPE become the next memecoin to explode.

2. Shiba Inu (SHIB)

The second-largest memecoin, Shiba Inu, has broken out of the prolonged consolidation phase around $0.00001200 after a bullish movement. At press time, SHIB is trading at $0.00001375, up by 9% on the daily chart. It has a market cap and a trading volume of $8.10 billion and $306 million, respectively.

Shiba Inu has been consolidating and forming an inverse head-and-shoulders pattern. This pattern is often bullish and means a breakout is coming. As the price approaches the final shoulder of the formation, analysts suggest that SHIB is going to rally big.

$SHIB (Shiba Inu) is still holding in what looks to be a massive Inverse Head & Shoulders pattern and as prices look to be in the final shoulder of this pattern, a surge can be looming and it could be towards our larger breakout target OVER +512% AWAY at $0.000081 … https://t.co/Hachq6l4Kt pic.twitter.com/dinK1YvZid

— JAVONMARKS (@JavonTM1) April 22, 2025

Analyst Javon Marks has highlighted that this pattern could take SHIB to 512% and a target of $0.000081. If the pattern completes as expected, SHIB could be the next memecoin to explode with a big move from the current level.

3. AI16Z

The AI agent token, AI16Z, has surged massively by 36% in the past 24 hours to trade at $0.185. The memecoin is trading below the $0.1900 resistance, a level last seen in early April. Over the past week, the memecoin has surged by 46%, pushing the market cap and trading volume to $204 million and $125 million, respectively.

AI16Z is moving up after consolidating in a symmetrical triangle for several weeks. The price has broken above the descending trendline at $0.147. The volume has increased during the breakout, confirming the momentum.

#AI16Z gaining bullish traction from the symmetrical triangle formation in LTFs, Volume rising as good momentum, keep an eye on!#Ai agents are gaining traction#AI16ZUSDT #ZEREBRO #CHILLGUY #GOAT pic.twitter.com/Dn79zwml9s

— CryptoBull_360 (@CryptoBull_360) April 22, 2025

This pattern often means a change in trend with a clear upside setup. The target range is $0.23, which is 62% from the current levels. As long as the price holds above the support, traders should watch the trend closely for follow-through.