Why are Dogecoin, Shiba Inu, Pepe, Floki, and Bonk up today?

What Changed in the Market for Meme Coins Today

The market is green today, and it shows. Bitcoin moved up with strength, and once that happened, risk appetite came back quickly. Money started flowing into faster-moving coins. Altcoins are slowly turning green, and meme coins are following the same path. Dogecoin, Shiba Inu, Pepe, Floki, and Bonk—all of them are moving up at the same time. That does not happen every day. This is why the memecoin price prediction is back in focus. Volumes are rising, social activity is louder, and short-term trades are back on the table.

But here is the real question.
Is this just a temporary bounce, or are meme coins setting up for something bigger? And why are all these popular names up today, at the same time?

Why Dogecoin Price Is Moving Higher 

The memecoin market has picked up momentum again this week. Overall, memecoin market cap is up around 23% in the last seven days, helped by traders returning after the holiday break and risk appetite slowly coming back. Dogecoin, the biggest memecoin, is leading the move with a weekly gain of nearly 20%, well ahead of Bitcoin and Ethereum. Sentiment is also improving, with the Fear and Greed Index moving back to neutral levels. 

Source: @TATrader_Alan

Dogecoin Price had been trending lower for a long time, with the price slowly drifting inside a falling wedge. On January 1, DOGE moved down near support and even slipped a bit, but that turned into a fake move. After that, the wedge finally broke, and the rally started. Right now, the price is sitting near the $0.15000 resistance zone. Some analysts have been watching this setup closely. Earlier, DOGE broke out from a bullish pennant, and the price did not cool off much after that. Now it looks like a bullish flag is taking shape near the top. The key level to watch is still around $0.15000.

If Dogecoin breaks this area and sustains there, the next move could stretch toward $0.16500, and with momentum, even $0.18500 is possible. If the coin fails to break above these levels, a slowdown could bring the price back toward $0.14000. In any case, the level that breaks the lower support around $0.12000 comes into view.

Shiba Inu Price Levels and Short-Term Outlook

Shiba Inu is trading around $0.058730, up nearly 4.77% in the last 24 hours. Market cap has moved higher as well, while trading volume jumped sharply by about 148%, showing fresh activity coming in.

Source: TradingView

Shiba Inu was weak for a long time; the price kept sliding lower following a downtrend line. Then that line finally broke, and buyers showed enough buying interest after that.

One important thing is that the 21 EMA crossed above the 50 EMA. That golden cross usually changes short-term bias. Right now, SHIB is near a resistance area. RSI is in the overbought area, so a small retracement toward the 21 EMA would be possible.

If the price breaks above $0.00000904 and stays there, the next areas sit near $0.00001043. After that, $0.00001150 is possible if momentum does not fade. In the other case, if price loses the 21 EMA static support, downside levels come in around $0.00000805 and even $0.00000701.

Where Pepe Coin Price Could Go Next

Pepe has picked up strong momentum in the last 24 hours. The token is up around 10.8%, clearly outperforming the broader crypto market, which is barely moving. The rally is not new either, as PEPE is already up more than 66% over the past week. This move also lines up with the wider memecoin sector jump, where PEPE has been one of the main drivers behind the recent market cap surge.

Chart Source: TradingView

PEPE was moving down for a long time on the 4-hour chart. Price was sitting near old support and not doing much. Buyers were there, but waiting. Nothing happened until the trendline finally broke.

Once that break was held, buyers stepped in properly. After that, the price moved fast. Right now, PEPE is trading above the $0.00000697 zone. Earlier, this was resistance; now it looks like support. A small pullback would not be strange at all. Until the price holds the $0.00000697 area, the price can move toward $0.00000790. If momentum stays strong, $0.00001057 is also possible.

If this support level fails, the downside opens up. First $0.00000528, and then even $0.00000392 if selling increases.

Floki Short-Term Price Prediction

The Floki coin price is up around 3.44% in the last 24 hours and nearly 36.18% on the week. Before this move, like the other memecoins, the Floki price was stuck in a downtrend for a long time. For a few days, the price was just sitting near a strong support zone, which we can call an accumulation zone.

Chart Source: TradingView

Things changed once the price moved above the 21 EMA: buying volume jumped after that. Right now, Floki is trading above a resistance area. RSI is already above 75, so a short pullback toward $0.00005000 would not be surprising. If the trend stays intact, the price can move toward $0.00006693, then $0.00008000. With strong momentum, $0.00010960 also comes into view. If momentum fades and selling increases, downside support sits near $0.00003809.

Bonk Short-Term Price Prediction 

Bonk is trading around $0.00001175, up close to 4.9%, and volume has jumped hard, around 165%. That volume spike is the main thing here. Price was flat for a long time and then suddenly moved. On the chart, Bonk pushed above the Supertrend, which usually flips short-term bias. RSI is already high, close to the overbought area, so a small pause or pullback would not be strange.

Chart Source: TradingView

If Bonk keeps pushing and manages to stay above current levels, the next area to watch is $0.00001287. After that, the price could stretch toward $0.00001504. Only if momentum stays strong does $0.00001702 come into play.

On the selling side, if this move starts losing steam, the price can slide back toward $0.00000999; that level matters. If it fails, the downside opens up, and the next support sits near $0.00000760, and below that, $0.00000541 if selling really picks up.

Expert Opinion

Memecoin price prediction is back on the table, mostly because traders are in a risk-taking mood again. Bitcoin's holding strength changed the tone fast. Once that happened, money started rotating into meme coins. Nothing complex here. Dogecoin, Shiba Inu, Pepe, Floki, and Bonk are all moving on the same sentiment shift.

Volume is back, trades are quick, and people are chasing momentum. But these moves stay fragile. If the market cools even a bit, meme coins usually react first. So the upside is there, but patience matters more than hype.

YMYL Disclaimer

This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve risk, and readers should conduct their own research before making any investment decisions.