Meme Coins Show Early Week Recovery
Meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) started the week with gains. They bounced back after a sharp market drop on Friday. That day saw over $19 billion in liquidations. Data from derivatives markets shows retail demand is slowly returning. On-chain data also points to less selling pressure. Large and mid-size wallet holders are buying more. This could help the coins recover further.
Dogecoin Holds Gains Above $0.20
Dogecoin trades above $0.20 on Monday, keeping its 11% gain from Sunday. Large investors holding over 1 million DOGE support this rise. Santiment data shows 19.27 million DOGE were sold at a profit on Monday. This is a big change from Friday, when 150.51 million DOGE were sold at a loss. The share of DOGE supply in profit rose to 71.68% from 66.40% on Saturday.
On the 4-hour chart, DOGE aims for $0.22046, the low from last Thursday. A close above this could push it to $0.25. The MACD indicator shows positive momentum after crossing its signal line on Sunday. The RSI at 44 suggests selling pressure is easing. If DOGE falls below $0.20, it may test support at $0.168.
Shiba Inu and Pepe Show Signs of Recovery
Shiba Inu stays above the $0.00001000 level after two days of gains. Selling pressure is dropping, with losses shrinking from 10.46 million SHIB to 1.42 million SHIB, according to Santiment. Resistance may appear near $0.00001148, with a possible move to $0.00001361 if broken. The RSI at 43 and rising MACD suggest growing bullish momentum. If SHIB falls below $0.00001000, it could drop to $0.00000966.
Pepe trades above $0.00000750 after an 11% bounce on Sunday. It is recovering from a 27% drop on Friday. Mid-size holders with 100,000 to 10 million PEPE are accumulating, holding 610.21 billion tokens. Large holders (10 million to 1 billion PEPE) have stopped selling, keeping 15.42 trillion tokens. Pepe’s RSI at 34 shows it is moving out of oversold territory. However, the MACD indicates some bearish pressure. If Pepe falls below $0.00000653, it may test the $0.00000500 support level.
