The meme coin market is back in focus as traders react to a surprise policy U-turn from the White House. Following ‘news reports, President Donald Trump’s decision to freeze tariffs on 75 countries for 90 days has triggered a broad rally across crypto markets, with meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) up double digits intraday.
According to Market sources, the meme token market has surged past $44.5 billion in value in the last 24 hours, up 10.5% as Bitcoin reclaimed $80,000 and Ethereum stabilized at $1,600. The bounce comes after a long pullback that had sidelined many retail traders. With meme coins leading the way, the question isn’t if hype is back but how far it will go before it cools off again.
DOGE Eyes $0.20 as RSI Turns Overbought
Dogecoin, the largest meme coin by market cap, was up 12% to reclaim the $0.160 mark, with $2.1 billion in trading volume. However, at press time, the DOGE price stands at $0.157. With the RSI on the daily chart in overbought territory, momentum suggests a run to $0.20 if the bullish pressure holds.
Experts believe DOGE’s volume profile confirms accumulation at key levels. If conditions remain favorable, we could see a retest of the April 2021 highs in a few months.
However, investors should remain cautious as a failure to break $0.164 could see a pullback to $0.1297 if Bitcoin gets hit by macro uncertainty.
SHIB Gains as Technicals Point Toward Breakout
Shiba Inu isn’t far behind. The Ethereum-based meme token was up 12.81% on the last day, trading at $0.00001197 and above the short-term SMA. At press time, DOGE price stands at $0.00001196. The RSI on the daily chart is pointing higher, so the token could reach the next resistance at $0.00001325.
This is happening as SHIB’s community is pumping on social media and hopes Shibarium will add fundamental value to the token. However, the price is still vulnerable to risk-off sentiment and $0.00001150 is the immediate support.
Meme coins like SHIB are getting more and more sensitive to overall sentiment and liquidity, experts say they’re the canary in the crypto coal mine.
PEPE Steals the Show with 17% Spike and $3B Market Cap
The biggest gainer of the day is PEPE, the third-largest meme coin by market capitalization. PEPE went up 17.36% in 24 hours, with daily volumes of $1.17 billion. At press press time, PEPE stands at $0.00000678. Analysts say the move is due to momentum trading and meme enthusiasm rekindled by improving market sentiment.
Chart indicators show more upside, with PEPE looking at near-term resistance at $0.00000735 and possibly $0.00000825 if momentum holds. But if the broader market stalls, PEPE could drop back to its support at $0.00000635.
Behind the Rally: Hype, Hope or Something More?
The meme coin rally might seem speculative, but it’s tapping into deeper market themes. Trump’s tariff suspension seems to have triggered a wave of risk-taking, and speculative assets like meme tokens are catching up faster than blue-chip coins. Analysts are watching to see if this is an altcoin season or just another cycle of euphoria.
Meme coin pumps often signal excess liquidity or a sentiment shift, but history shows they rarely sustain unless backed by broader crypto strength or real world developments.
With volumes surging across meme coin markets and social media buzz back to pre-slump levels, traders are wondering if speculative tokens will outperform established assets in the coming weeks. Some are even speculating this could be the start of another 2021 bull run, but others are more cautious.
Conclusion: The Meme coin Market is Buzzing Again — But For How Long?
Meme coins are back in the spotlight, powered by a combination of macro policy shifts, social media hype and speculative capital. While the 90-day tariff suspension has helped risk appetite across crypto markets, meme coins are especially volatile and sentiment-driven. Will DOGE, SHIB and PEPE continue to rally or get sold off? Only time will tell. For now, momentum is their friend, but history reminds us that meme-fueled surges can disappear as fast as they appear.
FAQs
Why are meme coins going up again?
DOGE, SHIB and PEPE are going up because of renewed risk appetite after US President Donald Trump reportedly paused tariffs on 75 countries and the broader crypto market is up.
Is it a good time to buy meme coins?
Prices are going up but memecoins are highly speculative and can be super volatile. Approach with caution and consider the risk.
How high can Dogecoin go this week?
If the sentiment is bullish DOGE could test $0.20. But if it fails to break $0.164 it could pull back.
What caused PEPE to jump 17%?
PEPE went up due to a mix of bullish technicals, increased volume and the overall crypto market recovery. The memecoin has been accumulating strong since the broader optimism.
Will memecoins hold this rally?
That depends if the broader market momentum holds. Memecoins are early movers during sentiment shifts but also the first to correct.
Glossary
Memecoin: A cryptocurrency’ that often starts as a joke or a viral trend with no inherent utility.
RSI (Relative Strength Index): A momentum indicator that measures the speed and change of ‘price movements.
SMA (Simple Moving Average): A technical indicator ‘that smooths out price data to identify trends.
Resistance/Support Levels: Price points where assets tend to face upward or ‘downward pressure respectively.
References
Disclaimer
This article is for informational purposes only and should not be construed as financial ‘advice. Cryptocurrency investments are highly volatile and carry risk. Always conduct ‘independent research and consult with a licensed financial advisor before making investment decisions
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