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Dogecoin nears a critical breakout above its 200-day EMA.
Shiba Inu breaks a falling wedge with bullish confirmation from the MACD.
Pepe maintains trendline support with RSI signaling further upside.
Meme coins are showing early signs of resurgence this week. After a sharp flash crash on Thursday, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are rebounding strongly, indicating renewed risk-on appetite among traders. Technical indicators suggest these tokens are shaping up for a possible extension of bullish momentum.
Let’s examine what the charts are telling us and whether these meme coins are preparing for a sustained breakout.
Dogecoin is showing resilience as it trades near $0.191, climbing approximately 14% from last week’s low of $0.1680. On June 11, 2025, the price cleared the 50-day EMA, which is positioned at $0.1996, if a breakout above the 50-day EMA occurs again. DOGE will try to make a run toward the 200-day EMA at $0.2144.
On the technical front, momentum is gradually shifting in favor of the bulls.
The RSI has rebounded from an oversold zone and currently hovers around 45, signaling recovering demand.
The MACD indicator is closing in on a bullish crossover, while bearish histogram bars continue to shrink, pointing to waning selling pressure.
Should DOGE manage a daily close above the 200-day EMA, a move toward the previous high at $0.250 - $0.255 is highly plausible. This zone, marked by a double-top pattern in May, represents a key psychological resistance level that could act as the next target for bulls.
However, failure to sustain above the 50-day EMA could prompt a reversal, with potential support retests around $0.1640, the May 6 low. Overall, Dogecoin is trading at a critical inflection point.
Also Read: Dogecoin Makes a Big Move: Will the Next Impulse Push It Past $1?
Shiba Inu is breaking out of a multi-week falling wedge pattern, a textbook bullish reversal signal. The breakout led to a surge toward $0.00001338, although SHIB is currently consolidating around $0.00001275.
From a technical standpoint, the breakout has flipped the sentiment.
The MACD has moved above its signal line, while histogram bars have turned positive. These developments support a renewed bullish push, particularly if SHIB holds above the 50-day EMA at $0.00001356.
The RSI is lagging somewhat, sitting near 44, but is climbing gradually. A daily close above the resistance level of $0.00001414, a peak from late March, could open the doors for a test of the 200-day EMA near $0.00001550.
Conversely, if momentum stalls, SHIB could enter a range-bound phase or pull back toward its next support at $0.00001165, the April 15 low.
Nevertheless, the wedge breakout remains intact, and as long as the structure holds, bulls may remain in control.
Also Read: 10 Best Memecoins to Buy on 12th June 2025
Pepe has been one of the more volatile meme coins, but recent price action shows encouraging signs. After a five-day rally pushed PEPE to $0.00001300, the coin is now consolidating just above $0.00001250, showing strength despite a minor pullback.
Technically, PEPE remains in a bullish structure. The price is holding above the rising trendline drawn from the April lows and is well-supported by the 50-day and 100-day EMAs.
The RSI, currently at 52.22, remains in a strong position after breaking through the midpoint.
A successful close above $0.00001275 would likely signal the start of another leg up, with the next major resistance at $0.00001550, its highest close in May. If that level breaks, momentum could accelerate toward the $0.00002040 resistance region.
If, however, PEPE fails to hold the 50-day EMA support at $0.00001160, the uptrend could weaken, opening a path back to the $0.0000100 psychological support zone. So far, though, Pepe’s structure suggests more upside ahead if bulls can maintain their grip.
The broader market is starting to show signs of stabilization after recent volatility. Bitcoin has cooled off slightly, giving altcoins and meme coins in particular room to regain ground. Dogecoin, Shiba Inu, and Pepe are all showing signs of accumulation and technical strength.
These meme coins also benefit from continued retail enthusiasm, social media buzz, and growing speculative appetite. With renewed capital inflows and improved chart structures, they could be primed for short- to medium-term rallies, especially if Bitcoin trades sideways or consolidates near highs.
Despite the improving outlook, traders should be aware of the risks. False breakouts, renewed volatility, or a sharp return of Bitcoin dominance could derail altcoin recoveries. Regulatory news, particularly from the U.S., also remains a wild card that could swing sentiment quickly.
Risk management strategies, including stop-losses and defined entry points, are crucial for navigating the volatility of meme coins.
Dogecoin, Shiba Inu, and Pepe are signaling bullish potential on their daily charts. With RSI improvements, EMA breakouts, and key resistance levels within reach, these meme coins may be gearing up for another leg higher. While caution is warranted, the technicals currently favor the bulls, and for short-term traders, meme coins could soon regain their spotlight.
