Meme coins make a full comeback! DOGE confirms an upward trend, SHIB aims for the 200-day moving average, and PEPE reclaims key price levels.

The meme coin market is experiencing a strong rebound, with DOGE, Shiba Inu (SHIB), and PEPE leading the charge. As the DOGE ETF listing approaches, market sentiment is fully ignited, and the open interest (OI) in the derivatives market has surged, with technical indicators showing that the three major meme coins are likely to continue their upward trend.

derivation data shows capital inflow

CoinGlass data shows that the OI of the three major meme coins has risen across the board:

DOGE: Increased from 3.31 billion USD to 4.33 billion USD

SHIB: From 173.75 million USD to 209.45 million USD

PEPE: rose from 545.77 million USD to 659.74 million USD

This reflects an increase in investors' risk appetite, especially against the backdrop of the upcoming DOGE ETF, with funds actively positioning themselves.

DOGE: Breakthrough confirmed, looking up at 0.28659 USD

(Source: Trading View)

DOGE continues the trend line breakout on the daily chart, successfully standing above 0.25000 USD, approaching the August 14th high of 0.25574 USD.

If it breaks through: the target aims directly at the R2 pivot point of 0.28659 USD.

Technical Analysis: RSI rises to 63, still has room away from the overbought zone; MACD green bars expand, indicating that buying momentum continues to strengthen.

Support level: If it falls back, 0.21930 USD is the key defense.

SHIB: Five consecutive days of rise, aiming for 200-day EMA

(Source: Trading View)

SHIB has risen for the fifth consecutive day driven by DOGE, currently priced at 0.00001297 USD, having surpassed the 100-day EMA.

Upward target: 200-day EMA 0.00001384 USD, potential pump of about 5%

Technical Analysis: RSI rises to 56, MACD line approaches the zero axis and turns upward.

Support level: If it breaks below the 50-day EMA (0.00001276 USD), it may test 0.00001166 USD.

PEPE: Reclaim 0.00001000 USD, challenge long-term moving average

(Source: Trading View)

PEPE returns to the psychological barrier of 0.00001000 USD, but faces resistance at the 50-day EMA (0.00001062 USD).

If it breaks through: 200-day EMA (0.00001098 USD), it is expected to hit the August high of 0.00001266 USD.

Technical analysis: RSI rises to 53, MACD continues to rise after the golden cross on Sunday.

Support Level: If it is blocked and falls back, or tests 0.00000900 USD.

Conclusion

As the launch of the DOGE ETF approaches, the sentiment in the meme coin market is surging, with both capital and technical factors supporting a continuation of the pump in the short term. DOGE has confirmed a breakout in trend, SHIB is targeting the 200-day moving average, and PEPE is poised to launch in front of the key moving averages. If market sentiment continues to heat up, the three major meme coins may welcome a new round of collective explosion.