As of the latest update, the memecoin market is witnessing a sharp uptrend to start 2026. The total sector market cap jumped 10.8% over the last 24 hours, reaching $48.4 billion.
The Dogecoin, Shiba Inu, and Pepe are all the main movers as the bullish momentum continues to gain momentum over the last 24 hours.
Memecoin Frenzy: Dogecoin, Shiba Inu, And Pepe Prices Surge
Memecoin prices surged across the board, led by PEPE’s 17% rally. Dogecoin followed with a 10% gain, while Shiba Inu rose 9%.
The broader crypto market also showed strong performance, rising 3% in the past day and reclaiming the $3.12 trillion mark
Bitcoin price is trading above $90k in addition to the rising global sentiment and seasonal factors, which assisted in driving this force. Capital is now being shifted by analysts to high-volatility sectors such as memecoins.
The activity of a significant memecoin trading has increased dramatically, and PEPE is doing the best among them. Dogecoin and Shiba Inu also recorded strong returns.
Cryptocurrency Fear and Greed Index increased by 8 to 36, the value that indicated an improvement in investor sentiment.
Dogecoin Price Soars 10% as Whales Buy 325M DOGE
In the past 24 hours, Dogecoin price increased by more than 10% to $0.1432. The rally was spurred by the positive trend in altcoins and favorable technical signs.
The trading volume increased 114% to reach a high of $3.23 billion, showing increased interest.
Whales have purchased over 325 million DOGE on-chain, and 220 million of them in the last 24 hours. These massive inflows assisted Dogecoin to regain the support level of $0.130.
The rush came after a greater crypto market momentum, with Bitcoin trading above $91 000 and Ethereum price nearing $3,000.
As long as the bullish pressure persists, DOGE is likely to revisit $0.15.A prolonged breakout would provide a road to the area of $0.20, which would strengthen short-term bullishness.
SHIB Eyes $0.0000090 After Bullish 8% Spike
Shiba Inu Price climbed 8% in 24 hours, reaching $0.000007665. Trading volume rose sharply to $216.26 million, up 86.04%.
This surge indicates growing bullish momentum. If buyers sustain pressure, SHIB could potentially push toward the $0.0000090 resistance level in the near term.
Pepe Coin Price Jumps 17% After Falling Wedge Breakout
Pepe coin price jumped 17% after breaking out of a falling wedge pattern, signaling renewed bullish momentum in early January.
The token was trading at $0.0000055907 with a high increase of 112% in the volume of the day to 3.45 billion.
The increase in derivatives was indicated by an increase in open interest of 0.65 to a high of $448.70 million.
Technical indicators aid the possibility of an increase up to $0.0000058 when the momentum prevails.
Source: CoinglassPEPE has the potential to increase gains over the next few days due to increased demand for memecoins.
The rally highlights renewed investor interest as a trading frenzy gathers strength in leading meme tokens, with PEPE the one potentially in a new upward direction in the month.
What’s Next for Dogecoin, Shiba Inu, And Pepe
As the bullish trend continues, Dogecoin can soon approach the level of $0.15, Shiba Inu could reach the level of $0.0000090, and PEPE will be able to shake hands at the level of $0.0000058.
The continued pressure to buy and increasing volumes, and the wider optimism in the market, may be the driver to further increases in these memecoins in the short term.
Source: https://coingape.com/trending/why-are-memecoin-prices-surging-dogecoin-shiba-inu-and-pepe-lead-rally/
