Meme Coins Price Prediction: DOGE, SHIB, PEPE, and PENGU as Bitcoin Rallies Above $75k

The meme coin price has seen a surge on Thursday after the crypto market surge lifted major tokens across the board.

In the past 24 hours, the entire crypto market increased by 1.29%, which raised the total capitalization to $2.54 trillion.

The rally was followed by the rise of Meme coins whose total market value increased by 4% to reach 36.6 billion. Dogecoin price shot upwards, rejoining the $0.96 mark amid the new speculative pressure. The Shiba Inu value stood at a consistent 3% gain since investors re-invested their assets in risky investments.

Pepe coin shot up by 8%, which signified increased retail trading sentiment in the session.

Pengu had a 9% burst that lead it ahead of most of the meme counterparts. Bitcoin price soared over $75,000 with institutional buying in spot ETFs adding to momentum. 

Ether price also shot up to over $2,300 with a 2% growth rate. XRP price rallied above $1.40 after a 4% surge.

Dogecoin Price Holds Key Support as Bulls Eye $0.10 Breakout

Dogecoin has risen by 5% in the past 24 hours, and it is currently trading at approximately $0.0964 in the previous session. The move came as Bitcoin rose 5% to enhance a wider cryptocurrency recovery. Technical analysts pointed out a key support at the range of $0.0930 to $0.0941 as critical to near-term stability. Holding above that range could allow DOGE to challenge resistance between $0.0975 and $0.0997. 

Further bullish action can lead the long-term DOGE projection to the major mark of $0.10 within a short period. Any decrease below $0.0908, on the other hand, would put the market at risk of a stiffer downside adjustment. 

Crypto analyst Trader Tardigrade says Dogecoin is on a tightening weekly RSI in a shrinking triangle around its apex. He observes that this type of compression usually indicates a break out. In the event that price breaks resistance without leaving behind any residual, he thinks the rally will be quick and the potential explosive upward surge.

Shiba Inu Price Outlook: Can SHIB Sustain Its Rally?

Shiba Inu increased by 3.04% in the last 24 hours to trade at $0.000006076, following the overall crypto-surge. This action followed Bitcoin soaring above $75,000, which enhanced the sentiment among meme tokens. Analysts observe that a break above the $0.0000062 pivot may clear the way to the resistance at 0.0000065.

However, slipping under $0.0000058 may trigger a decline toward $0.0000052. In the meantime, the burn rate of SHIB increased by 41.08% within a day, where more than 410 trillion tokens were burned off forever.

Will Pepe Coin Rally To $0.0000040 In April?

At the time of writing, the PEPE coin surged to $0.0000039 over the past 24 hours.

Should the bulls manage to achieve a solid close above $0.00000390, the subsequent upside target will be just around $0.0000040. Sustainable breakout may push gains further to $0.00000420, which is a significant psychological barrier.

On the negative side, the immediate support is at about 0.00000370. A fall below that would take PEPE to $0.00000350.

Pudgy Penguins Up 8% as Open Interest Rises to $75.89M

Pudgy Penguins rose by 9% in 24 hours to trade at $0.007455 as the market activity increased.  The trading volume increased by 16% to $242.83 million with open interest rising by 13% to 81.18 million. 

Above $0.0075, analysts say a retest of $0.0078 would be triggered. A fall to below $0.0068 could be an indicator of even greater losses.

What’s Next for Meme Coin Price?

The meme coin price segment is still reflecting the power of Bitcoin as institutional demand drives the greater crypto wave. The continued inflows of ETFs and clarity in regulation processes would strengthen the bullishness in high-risk assets. 

Nonetheless, traders are wary of the SEC roundtable on Clarity Act. Positive performance can lead to gains expansion, and confusion might produce a volatile reaction in the short run in DOGE, SHIB, PEPE, and PENGU.