Why Meme Coins DOGE, SHIB, PEPE, and PUMP Price Are Surging Today?

The meme coins DOGE, SHIB, PEPE, and PUMP Price advanced as the broader crypto market moved sideways. Bitcoin price stabilized at $77,000, which signifies a time of consolidation. Memes tokens have re-attracted attention among investors even as key market trends are muted.

The top meme sector market capitalisation increased over 24 hours more than 2% to reach a high of $36.8 billion. The meme token Dogecoin increased by 5%. Shiba Inu posted a small gain over the same time frame.

PEPE gained 2%, with PUMP up about 6%. Bitcoin, Ethereum and XRP are attracting investor attention due to potential wide price movements triggered by geopolitical events and the Federal Reserve decision.

DOGE Price Climbs Above $0.10, Cup-and-Handle Pattern Signals Potential Rally

Dogecoin price is trading at $0.105 with a 5.12% increase in the last 24 hours. This marks the latest gain for the meme coin, which comes as Bitcoin remained largely unchanged in the same time frame. The meme coin is holding up in the short term above the important $0.10 support. 

This could clear the way for $0.12 soon. On the upside, a strong upturn could lead to $0.15 soon. But a move below $0.10 could see a fall to $0.095. A cryptocurrency analyst pointed to a potential cup-and-handle pattern on the four-hour chart. The handle is being formed now, suggesting a breakout.

SHIB Holds Crucial Support as Burn Rate Jumps 41%

Shiba Inu price rose 1.87% to $0.00000624 over the past 24 hours. The meme coin is currently holding above the crucial $0.0000061 support. Holding this level may give a chance to retest $0.00000630. Falling below support could see a move down to $0.00000611. 

The Fed’s interest rate decision will give traders clues. In the meantime, 10.26 million SHIB tokens were burned (41% growth) in the last 24 hours, bringing the total burned to 410.83 trillion.

Pepe Price Eyes $0.0000041 Resistance Amid Rising Open Interest

Pepe coin price climbed 2.34% to $0.00000395 in the past 24 hours. The rise occurs with a price above $76,400 in Bitcoin. A sustained rebound might propel the future Pepe coin outlook to the resistance of $0.0000041. 

But falling below its 30-day SMA of $0.000003874 could be a weakness indicator. The trading volume increased by 2.98% to $2.11 billion, and the open interest increased by 14%.

PUMP Price Jumps Nearly 5% as $370M Token Burn Sparks Rally

Pump.fun price climbed 4.87% to $0.00187 over the past 24 hours. The token was popular as the number of platform activities and trading volumes increased rapidly. PUMP was one of the most popular assets as volume increased by 310% to $204 million. 

The protest came after a big burn of approximately 370 million tokens. The coin also reported a 7.6% daily gain. Holding above $0.0018 may open the path toward $0.0020. Any price that falls below that would result in a pullback to $0.0017.

What’s Next For Meme Coin?

Meme coins can stay on the volatile side as the traders monitor the stability of Bitcoin and the Federal Reserve ruling. Gains could be prolonged with sustained volume and high levels of support. But the macro-driven shock or breakdown under the key supports can easily turn around recent momentum within the sector.