A rare signal just flashed for PEPE, DOGE, and SHIB | Credit: Hameem Sarwar
* The memecoin market is starting 2026 with major volatility, led by a PEPE breakout of 26%.
* Heavy inflows for PEPE, DOGE, and SHIB suggest sentiment is shifting from bears to bulls.
* This analysis highlights the key points of interest that could sustain the memecoin rally.
2026 is already showing signs of volatility, and the memecoin market is wasting no time reclaiming attention.
Just one day into the New Year, one of 2025’s biggest memecoin underperformers has staged a breakout.
Over the past 24 hours, frog-themed PEPE has surged roughly 26%, marking one of its strongest single-day moves in months.
Dogecoin (DOGE) and Shiba Inu (SHIB) have also joined the rebound, posting gains as speculative interest rotates back into high-risk corners of the market.
In this analysis, CCN breaks down what fueled the sudden surge and what the charts suggest could come next for the prices of PEPE, SHIB, and DOGE.
PEPE
PEPE is surging after a significant breakout fueled by heavy buying pressure. Recent data from the daily chart indicates that the memecoin has successfully broken out of a falling wedge pattern.
This move coincided with the Chaikin Money Flow (CMF) hitting its highest level since May 2025, signaling a massive influx of capital.
As a result of this momentum, PEPE’s price crushed the critical resistance level at $0.0000050. Furthermore, the rally shows no signs of slowing down.
The Supertrend indicator recently flipped green for the first time since last September, providing a strong bullish signal for trend followers.
If this trend persists, the price will likely target $0.0000058, which aligns with the 0.236 Fibonacci level.
Moreover, a continued surge in memecoin demand throughout January could push the token even higher. In this bullish scenario, PEPE’s price may climb toward $0.0000066.
However, traders should remain cautious. If selling pressure increases, the current bullish thesis could fail.
Consequently, the memecoin’s value might decline to a support level of $0.0000029 if that were to happen.
Dogecoin (DOGE)
Dogecoin jumped nearly 8% in the last 24 hours, even though it missed a double-digit gain.
Interestingly, this move marks the first time in a long while that the coin has shown such strength.
Following this push, the price broke above the upper trendline of a descending channel. This breakout suggests that the long period of bearish consolidation may finally be coming to an end.
Currently, the memecoin is poised to rise above the 20 EMA. If it succeeds, the move would confirm the bullish breakout and potentially drive DOGE toward higher resistance levels.
Meanwhile, the Awesome Oscillator has turned green, despite the reading remaining negative. This shift indicates that momentum is slowly moving from the bears to the bulls.
Once the market confirms this momentum, Dogecoin’s price could climb beyond $0.14. If the buying pressure holds, the next short-term target could be $0.17.
On the contrary, a sudden decline in volume or buying pressure could render this entire prediction invalid. In that bearish scenario, Dogecoin’s price might decline back below the $0.10 support level.
Shiba Inu (SHIB)
Like PEPE and DOGE, the Shiba Inu token is now following the broader memecoin rally.
During the same period, SHIB’s price increased by 7.38% as trading volume rose steadily. On the daily chart, the Moving Average Convergence Divergence (MACD) formed a bullish crossover, signaling a shift in market sentiment.
This technical setup occurred just as SHIB began flirting with the upper trendline of a descending triangle.
In addition to the MACD shift, the Parabolic Stop And Reverse (SAR) dots have positioned themselves below the token’s price. This indicator suggests that sufficient underlying support exists to sustain the current rally.
Consequently, if the bulls maintain their momentum, SHIB might surge toward the $0.0000087 resistance level.
However, traders should be cautious of a potential rejection at this key hurdle. If the memecoin fails to break past this resistance, the value could decline back to $0.0000068.
In summary, this might be too early to call, but PEPE, SHIB, and DOGE might be some of the cryptos to watch out for this year.
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