- Memecoins are seeing renewed interest, with Dogecoin, Shiba Inu, and Pepe leading social mentions.
- Technical indicators suggest potential breakouts for Dogecoin and Pepe, with SHIB testing key resistance.
Memecoins are back in the spotlight following a dip, with social interest gaining momentum. Dogecoin, Pepe, and Trump tokens have witnessed their discussion increase, as per LunarCrush, which indicates renewed investor interest.
For the first time in a long while, we're seeing a solid increase across the board on social mentions for memecoins. Let's see which coins are leading…
1) Dogecoin
2) Pepe
3) Official Trump
4) Shiba Inu
5) PWEASE
6) Bonk
7) Gigachad
8) Fartcoin
9) Unicorn Fart Dust
10) Floki… pic.twitter.com/eq5cSeQOsY— LunarCrush.com Social Analytics (@LunarCrush) March 11, 2025
This change follows a precipitous drop in meme coin usage following a series of poor launches and rug pulls. Pump.fun, a token launchpad, reported a 90% decrease in new tokens after the Libra rug pull.
Similarly, a report from CoinGecko indicates that the meme coin market capitalization has decreased by 32% since the first week of February, with trading volumes plummeting by 72%.
Despite this dip, Dogecoin, Shiba Inu, and Bonk have held strong through various market cycles. The coins have established strong communities with strong engagement and ongoing interest within the markets.
The recent surge in talk suggests that the memecoins are likely entering a new phase of existence, especially as popular names stay at the top of social media. Most low-quality memecoins do not take hold, though, and this helps validate the idea that few will make it.
Price Analysis: DOGE, SHIB, and PEPE Gain While TRUMP Lags
In a challenging market, top memecoins have seen a bounce in price. Dogecoin, Shiba Inu, and Pepe have gained 5%, 4%, and 9% respectively. The Trump token trails behind with a 1.5% gain and the largest weekly drop among the top memecoins.
Historical patterns for Dogecoin suggest a strong price rally may follow the recent drop. The last 64% corrections were followed by 300% and 500% increases. Its recent 66% drop fits into these patterns and is fueling speculation that Dogecoin could rally back towards the $1 mark.
Meanwhile, SHIB is probing the level of resistance within a falling wedge pattern. If it breaks through the MA 50 level, it may trigger price targets between $0.00001305 and $0.00001565.
Pepe’s chart shows a breakout possibility because it has formed a falling wedge and double-bottom pattern. Its price action suggests a bull reversal could drive it towards $0.00002095, 220% higher than current prices.
Indicators like the Relative Strength Index also validate this outlook as it broke through a declining trendline, which is a bullish crossover. A drop through strong support around $0.000002980 would eliminate this potential.
Memecoins Are Evolving, Not Fading Away
Memecoins are cyclical by nature, with spikes and crashes. The unpredictability does not allow the majority to survive,e with 99.99% most likely not surviving. The strongest projects survive with strong community support and presence within the markets.
This recent surge in social interest reflects the fact that the memecoins are not vanishing but are actually evolving. Long-standing names like Dogecoin and Shiba Inu are continuing to draw the investor community’s attention, with new coins finding it hard to find their place.