Meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are showing signs of a potential rally, driven by increased capital inflows in derivatives markets. This shift in trader sentiment aligns with the recent US Federal Reserve interest rate cut.
Technically, DOGE is bouncing off a key support trendline, eyeing a move toward $0.30. SHIB is rebounding from its 200-period EMA, targeting higher resistance levels. PEPE is holding above a crucial psychological level, with bulls aiming for last week’s high. Indicators for all three suggest building bullish momentum.
