Top 3 Memecoins to Watch in May

The year's first quarter wasn't exactly kind to memecoins, as many of these tokens saw their valuations slide amid waning buying pressure and challenging macroeconomic conditions.

However, April brought a different tale, with several memecoins staging significant comebacks, fueled by a return of hype. This momentum has sparked optimism that the memecoin supercycle could be back in motion.

In this analysis, CCN breaks down the top three memecoins to watch in May, highlighting why these tokens could offer notable upside, backed by technical insights and market trends.

Official Trump (TRUMP)

TRUMP is among the memecoins to watch in May, largely due to its recent performance and an upcoming event scheduled for next month.

Earlier in the month, TRUMP fell below $7, marking a 90% correction from its all-time high. But later on, the memecoin's value surged beyond $15 after reports emerged that U.S. President Donald Trump plans to host some of the top holders of the memecoin.

This event, set for May 22, is one factor that makes TRUMP a memecoin to watch. As the date approaches, the cryptocurrency's demand is likely to escalate.

If that occurs, TRUMP's price might trade higher. Technically, the daily chart shows that bulls still hold sway in the price action.

This is evident from the Bull Bear Power (BPP) position, which remains in the positive zone. Although the Relative Strength Index (RSI) reading has decreased, it has yet to fall below the neutral line.

This signifies that bullish momentum is still present around TRUMP's price. As May unfolds, if sentiment remains bullish, TRUMP could breach the resistance at $17.05.

If successful, the market value could reach $23.21 at the 0.382 Fibonacci level. With intensified buying pressure, TRUMP might attain $33.15, closely tied to the 0.618 golden pocket ratio.

Conversely, if the scheduled meeting with the members turns into a "sell the news" event, this prediction might not materialize. In that scenario, TRUMP's value could decline toward $7.11.

Housecoin (HOUSE)

Housecoin, a token built on the Solana blockchain, is one of the memecoins to watch in May 2025. Earlier today, HOUSE's market cap briefly crossed the $100 million threshold after a 60% surge in the last 24 hours.

Housecoin makes the list due to the number of Key Opinion Leaders (KOLs) pushing the coin. For instance, Ansem, a KOL with over 700,000 followers, is driving the buzzing narrative around the memecoin.

On April 25, the analyst posted on X, stating that HOUSE's price could trade higher.

"I've not witnessed a stronger community under $10M market cap than Housecoin. It’s an attention economy ball under water. Flip the housing market narrative is ridiculously memeable. Once this sends its boomer news report-worthy. Trillions," Ansem said.

At press time, Housecoin is trading at $0.095. However, the 4-hour chart shows that it has the potential to trade higher.

On this chart, the Money Flow Index (MFI) continues to rise, indicating increasing buying pressure. If this trend persists, HOUSE's price might hit $0.11 in the short term.

In May, this value could be higher if buying pressure intensifies as HOUSE might climb toward $0.50.

If the hype around Housecoin fades, this might not happen. Should that be the case, Housecoin's price could decline to $0.068

Bonk (BONK)

This month, BONK, the second most valuable Solana memecoin, has appreciated by 80%. This price action contradicts how BONK performed between January and March.

By the look of things, BONK's price is likely to extend this performance into May. According to the daily BONK/USD chart, the rally came after BONK's price broke out of a descending channel.

The memecoin's price has been consolidating between $0.000018 and $0.000020. But amid this consolidation, the Moving Average Convergence Divergence (MACD) has remained positive, indicating bullish momentum.

If this trend continues, ATOM could climb to $14.04 in the short term. By next month, the cryptocurrency's value could inch closer to $20.97.

Alternatively, if demand for the memecoin lessens, BONK might not hit these values. Instead, it could drop below the upper trendline of the descending channel