Memecoins surged back into focus with strong double-digit gains as Bitcoin pushed decisively above $70,000, reigniting risk-on sentiment across the market. Dogecoin confirmed a bullish breakout toward higher targets, while Pepe tests a key resistance zone that could determine whether its recent downtrend fully reverses. Bitcoin climbing back above $70,000 has clearly lifted sentiment across the crypto market. With confidence returning, traders are once again rotating into higher-risk plays, and memecoins are among the biggest beneficiaries.
The sector has jumped more than 12% in just 24 hours, with trading volume nearly doubling and total market capitalization rising from around $29 billion to close to $35 billion. Dogecoin and Pepe are leading this renewed wave of interest, posting gains of nearly 20% and 15%, respectively. As the DOGE price pushes toward higher resistance levels and the PEPE price tests a key barrier on the chart, the big question now is whether this momentum can carry through the rest of the month or if resistance will slow the rally before a sustained breakout unfolds. Dogecoin’s volatility has picked up notably since the start of the year, leading to a breakout from its prolonged descending trend.
The price recently tested the $0.15 resistance level but failed to secure a decisive close above it, triggering a short-term pullback. However, on-chain activity remains strong, with active addresses rising sharply from around 600,000 to nearly 970,000 — a clear sign of renewed network engagement. Despite posting double-digit gains, DOGE’s next move now hinges on the immediate resistance zone between $0.11 and $0.12. A sustained breakout and close above this range could open the door to another attempt at $0.15, while failure to hold the momentum may keep the price trapped in consolidation.
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