Meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) regained strength on Thursday, supported by fresh capital inflows in derivatives markets. The renewed enthusiasm coincides with the US Federal Reserve’s 25-basis-point rate cut, which has boosted risk-on sentiment across speculative assets. Technical setups now suggest room for further upside if momentum continues.
Derivatives data show rising optimism
According to CoinGlass, Open Interest (OI) in DOGE, SHIB, and PEPE rose by 3%, 5%, and 7%, reaching $5.55 billion, $246 million, and $784 million, respectively. The steady increase in capital inflows indicates a shift in sentiment, with traders showing higher conviction in meme coin recovery prospects.
Dogecoin could target $0.31
DOGE advanced 4.67% in the previous session and traded steady on Thursday, bouncing from a trendline support drawn from the September 9 and 17 lows on the 4-hour chart. Immediate resistance lies at $0.3146 (R2 pivot), representing nearly 10% upside potential.
Momentum indicators reinforce the bullish view, with the RSI at 63 and the MACD crossing above its signal line. On the downside, failure to hold above the 50-EMA at $0.2647 could trigger a pullback toward the 100-EMA at $0.2517.
Shiba Inu eyes continuation above $0.00001364
SHIB extended gains for the third day in a row, trading 0.50% higher on Thursday. The token bounced from the 200-EMA on the 4-hour chart and is now testing the central pivot level at $0.00001364. A decisive breakout could open the way toward $0.00001488 (R1 pivot).
The RSI above 58 and the MACD’s bullish crossover support the bullish case. Conversely, rejection from $0.00001368 could see SHIB retesting support at $0.00001293 (200-EMA).
Pepe targets $0.00001266
PEPE added over 1% on Thursday, extending its rebound from the 200-EMA. The rally cleared the central pivot at $0.00001135, setting sights on $0.00001266, last reached on Saturday.
Technical signals remain constructive, with the MACD climbing into positive territory alongside rising green histogram bars, and the RSI at 63 highlighting strong buying pressure. A dip back below $0.00001135, however, could expose the token to support at $0.00001067 (200-EMA).
