Meme Coin Mania: DOGE, SHIB, PEPE, BONK Surge 10%–20% as Bitcoin Rally Ignites Speculation**
The meme coin market is roaring back to life, with Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, and BONK leading double-digit gains on April 23, 2025, as Bitcoin’s climb toward $95,000 fuels risk appetite. DOGE surged 13%, breaching a critical descending trendline resistance and targeting $0.1809, while SHIB rallied 16% to challenge $0.00001612. PEPE and BONK followed suit, jumping 14% and 20%, respectively, as traders piled into high-risk assets .
Technical Breakouts and Market Sentiment
DOGE’s breakout from a six-month falling wedge pattern signals potential for a 45% rally to $0.2285 if bullish momentum holds . SHIB flipped its 50-day SMA, eyeing $0.00002040 if it sustains above key support . Meanwhile, BONK’s 25% rebound from $0.00001226 positions it to test $0.00001579, with a breakout potentially triggering a 55% surge .
$BTC Bitcoin’s Role and Overbought Risks
The rally aligns with Bitcoin’s recovery above $92,800, as traders bet on a push toward $95,000 . However, overbought signals like the Stochastic Oscillator and RSI near 70 for DOGE and PEPE hint at short-term corrections. Analysts warn that failure to hold recent gains could see DOGE retest $0.1626 or SHIB slide toward its 200-day EMA at $0.00001709 .
Catalysts Driving the Frenzy
Speculation around a DOGE ETF approval and whale accumulation (addresses holding 100M–1B DOGE tokens rose sharply) are fueling optimism . PEPE’s social media buzz and BONK’s integration into Solana’s ecosystem (140+ dApps) add momentum .
The Bottom Line
While meme coins thrive on Bitcoin’s coattails, their volatility demands caution. Traders should monitor Bitcoin’s trajectory and prepare for potential pullbacks. As one analyst noted: “Meme coins dance while Bitcoin leads the band—but the music could stop fast” .
CryptoMarketCapBackTo$3T#MarketRebound #USStockDrop #BinanceHODLerHYPER #BNBChainMeme
