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Cryptocurrency News Articles
As Bitcoin (BTC) Prepares to Run, Meme Coins (DOGE, SHIB, PEPE) Are Waking From Their Slumber
May 08, 2025 at 10:32 pm
As Bitcoin steadies above key psychological zones and traders cautiously whisper the words “bull run,” a familiar pattern is taking shape: meme coins waking from their slumber.
As Bitcoin continues to hover above key psychological zones and traders tentatively whisper about a ‘bull run,’ a familiar pattern is emerging: meme coins waking from their slumber.
While Bitcoin usually sets the tone for the broader cryptocurrency market, coins like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE are once again drawing attention, with bullish signs suggesting a potential explosive rally. However, can this hype translate into actual gains this time? Let’s take a closer look.
Dogecoin (DOGE) Price Consolidates Ahead of Potential Breakout
Dogecoin, the original meme coin and X’s favorite, appears to be simmering beneath the surface. With prices bouncing between $0.14 and $0.17, DOGE is currently trading around the midpoint at $0.15, but the lack of activity isn’t fooling anyone.
Whale activity in particular has been busy. Last week alone, over 570 million DOGE coins were offloaded, indicating a potential shift in major players’ holdings and perhaps a strategic accumulation phase. Technical indicators support this assessment. The Relative Strength Index (RSI) stands at 43, suggesting room for growth, while MACD readings indicate increasing buyer interest.
Analysts are targeting $1 by summer 2025, which may seem ambitious. However, meme coins often thrive in momentum-driven cycles, and Dogecoin has previously demonstrated its ability to defy expectations.
With immediate resistance at $0.17 and support holding firm at $0.1405, DOGE appears poised for a move when market sentiment aligns.
Shiba Inu (SHIB) Shows Signs Of Recovery As Analysts Eye Symmetrical Triangle
While DOGE is grabbing the headlines, Shiba Inu (SHIB) is quietly writing its own comeback story. Up 36% from its intra-month low of $0.1029, SHIB has seen renewed traction following Bitcoin’s recent rally.
But this isn’t just a simple bounce; it’s part of a brewing technical setup. Analysts are noticing a symmetrical triangle formation, a classic signal of an impending breakout.
Projections vary, but some are staggering. StrongHedge and CryptoELITEs are forecasting a run toward $0.230, which would represent a 1,542% rally from current SHIB price levels around $0.140.
More conservatively, analyst SABoikie sees a repetition of historical fractals, leading to $0.10, which would still be a massive move from current levels.
In a meme coin market often driven as much by sentiment as by charts, SHIB has both. The bulls are stirring.
PEPE Price Set For 2x Surge As It Retraces Consolidation Pattern
The frog-faced wildcard of the meme coin world, PEPE, is the dark horse in this cycle.
According to well-followed analyst Altcoin Sherpa, PEPE is now retracing the same consolidation pattern it formed in late Q3 2024, right before it doubled in price by December.
Currently sitting in that same price region, PEPE is poised for a 2x surge, according to Sherpa. The difference now? It has broader recognition, more liquidity, and stronger historical precedent behind it.
PEPE may not yet have the same cultural saturation as DOGE or SHIB, but its community is growing louder, and in the world of meme coins, that can be the catalyst needed.
Rexas Finance (RXS) Plays A Different (And Bigger) Game
While meme coins largely feed off hype and speculation, Rexas Finance (RXS) is carving its path by building real-world utility.
In an era where blockchain projects are increasingly scrutinized for their lack of substance, RXS delivers with its innovative real-world asset (RWA) tokenization, enabling the investment in real estate, gold, and even art through cryptocurrency.
With no-code asset tokenization, an AI-driven NFT tool, cross-chain DeFi tools, and a fractional property ownership program (Rexas Estate), Rexas Finance is blending the best of Web3 and traditional finance.
Its presale success is also noteworthy. Now in stage 12 of 12, RXS has raised $48.49 million, sold over 462.49 million tokens, and surged from $0.03 to $0.20, a massive 566% increase.
It’s worth noting that while meme coins often struggle to maintain momentum after launch, Rexas Finance already has listings locked in across three major exchanges—Huobi, Gate.io, and Bittrex—ensuring seamless trading opportunities for diverse traders once the presale concludes.
Key Takeaways:
Memes coins are showing signs of life again as Bitcoin steadies above key psychological zones.
Dogecoin has seen increased activity from whales, with over 5
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