- Dogecoin nears key resistance at $0.21; breaking it could confirm a bullish phase, with meme coins gaining momentum.
- Pepe sees strong whale accumulation, indicating potential upside, with analyst predicting a 300% gain if momentum holds.
- Trading volume surge in meme coins hints at accumulation; DOGS may reverse trend if it maintains support and breaks resistance.
The crypto market is having a strong recovery, with meme coins gaining. Dogecoin, Pepe, and Shiba Inu have surged between 12% and 13% over the past week. Dogecoin is the largest meme coin by market cap, at $29.30 billion, trading at $0.1972 at press time.
Dogecoin and Pepe Show Bullish Potential
According to analyst Ali, Dogecoin is near key price levels. The support level is at $0.177, while resistance is at $0.207. Ali noted that breaking the $0.21 resistance level could confirm a bullish phase, based on the SuperTrend indicator.
Meanwhile, Pepe has had increasing whale accumulation. Spot On Chain data shows that a newly created wallet withdrew 500 billion PEPE, worth $4.3 million, from Binance. An early PEPE investor, identified as qianbaidu.eth, withdrew 506.2 billion PEPE, valued at $4.4 million, from Binance. The whale now holds 699.8 billion PEPE, with a floating profit of $164,000.
According to analyst Rose, Pepe is rebounding from a historical support zone. The price pattern similars a double-bottom reversal, confirming bullish momentum. The next targets include $0.00002384, $0.00002965, and $0.00003466, with a potential upside exceeding 300% if momentum sustains.
BONK and FLOKI Performance
BONK has had an 8.40% price decline over the past day, now trading at $0.00001388. The market cap is at $1.08 billion, while daily trading volume has increased by 3.10% to $128.29 million. Community sentiment is largely positive, with 86% bullish votes and 14% bearish.
FLOKI has also had a slight dip, trading at $0.00007138, down 1.70% in the last 24 hours. The market cap is now at $687.15 million, with a 74.76% surge in daily trading volume to $162.88 million. Analyst Javon Marks noted that FLOKI is nearing another breakout, following a pattern of strong upside movements after previous breakouts.
Shiba Inu is also showing strength despite being well below its previous highs. According to Marks, Shiba Inu’s next price target is at $0.000081, potentially leading to a 415% increase if bullish momentum continues.
Market Trends and Key Observations
DOGS has been in a downtrend since late 2024, forming consistent lower highs and lower lows. A consolidation phase has been evident since March 2025, with low volatility and reduced trading volume. However, a recent spike in volume suggests renewed buying interest.
Comparing other meme tokens, MEME and TRUMP have underperformed, showing strong bearish trends. Meanwhile, BONE has shown resilience, likely due to its community support and stronger fundamentals.
Trading volume across meme coins has been relatively low in recent weeks, indicating reduced interest. However, the latest volume surge could indicate accumulation or an upcoming breakout.
If DOGS maintains its support level and sees higher trading volume, an upward reversal could be possible. A breakout above key resistance levels would be necessary to confirm a trend reversal.
Meme coins remain volatile within the crypto market. Their price movements often depend on community sentiment, whale accumulation, and market trends. While some tokens show bullish potential, others continue to struggle with bearish pressure.
