Although the overall crypto market itself is the epitome of volatility, memecoins completely change the dynamic. Memecoins are the result of internet jokes turning into real-life financial assets. The nature of these tokens is such that they can see a meteoric rise in value one day, and sink the next.
This duality and uncertainty of the memecoin landscape make memecoin trading a thrilling activity. A testament to this uncertainty is the recent memecoin activity on PEPE, SHIB, and DOGE. All of these memecoins have begun to show some traction on the price chart.
Detailed Look Into Memecoin
Pepe is at the forefront of the movement, as it is showing potential to grow by 110%. According to analysts, the token is exhibiting a classic cup and handle pattern on the price chart. The rounded cup formation began to show in December 2024 and continued until April 2025. Hence, alluding to a positive price movement.
SHIB has been on a consolidating run for the last three days. According to current metrics, the token is exhibiting key resistance levels near $0.00001600 and support levels at $0.00001100. A breakout of this bracelet could push the price higher, but a fall below this level can trigger a cascade.
As of now, DOGE is trading inside a clear ascending bracket. Therefore, this suggests a clear sign of bullish price movement. Currently, the RSI of the token is positioned nicely at a neutral level. Hence, the token is currently in a stable state. However, it is a memecoin; therefore, anything can happen at any time.
