Risk Appetite Returns as Retail Money Flows Back into the Market

As the cryptocurrency market rebounds strongly — with Bitcoin (BTC) reportedly breaking above $115,000 — major meme coins are once again capturing attention from retail investors.

According to CoinGlass, the open interest (OI) in Dogecoin, Shiba Inu, and Pepe futures has surged by approximately 10 %, 9 %, and 14 % respectively over the past 24 hours. This indicates that traders are increasingly willing to take on more risk — either by opening new long positions or leveraging existing ones. (Mitrade.com)

This revival of “risk-on” sentiment is the primary driver behind the renewed rally in meme coins, as small-scale investors return to speculative assets after a cautious period.

In short: capital is flowing back into meme coins, fueling expectations for a strong “Uptober” — a month of bullish momentum across the crypto market.

Dogecoin (DOGE) – Technical Breakout Reinforces Bullish Momentum

For Dogecoin:

DOGE recently broke out of a descending triangle pattern on the 4-hour chart, signaling a clear shift toward bullish control.

On the technical front, the MACD indicator has turned upward, while the histogram crossed into positive territory — a strong signal of rising momentum. Meanwhile, RSI has reached around 72, confirming that buyers remain in control but also warning that the market may enter an overbought zone.

Key resistance lies near the 200-period EMA (≈ $0.21490) and the R1 Pivot Point. A solid close above this level could open the door for further upside.

Conversely, if DOGE corrects below $0.20000, the nearest support sits around the S1 Pivot Point at $0.19115.

Overall, DOGE shows clear bullish potential, but its next challenge will be overcoming the major resistance barrier around $0.2149 to sustain momentum.

Shiba Inu (SHIB) – Regaining the Psychological Level at $0.00001000

Shiba Inu is also showing renewed strength:

SHIB is trading above the psychological threshold of $0.00001000, up nearly 5 % in the last 24 hours.

On the 4-hour timeframe, SHIB broke out of a descending price channel, marking the start of a potential trend reversal.

The next target lies near the 200-period EMA (~ $0.00001104). A confirmed close above that level would pave the way toward R2 and R3 resistance levels at $0.00001138 and $0.00001207 respectively.

However, if SHIB loses the $0.00001000 support zone, selling pressure could drive a pullback toward the S1 level around $0.00000987.

SHIB is currently in a re-accumulation phase — holding above key support and targeting a breakout that could reignite a strong upward leg.

Pepe (PEPE) – Steady Recovery but Facing Technical Hurdles Ahead

For Pepe, the meme coin inspired by the famous cartoon frog:

PEPE continues to extend its recovery after breaking out of a descending price channel on the 4-hour chart. As of Monday, it trades around $0.00000700, marking five consecutive days of gains.

Immediate resistance sits near the R1 Pivot Point (~ $0.00000771), followed by the 200-EMA (~ $0.00000815).

Key supports include the 50-EMA (~ $0.00000714) and S1 Pivot Point (~ $0.00000668).

Both MACD and its signal line are trending higher, while RSI ≈ 64, indicating continued bullish bias.

Although PEPE maintains a strong technical setup, it must overcome these resistance zones to confirm a sustainable upward move.

Summary and Risk Outlook

Overall, DOGE, SHIB, and PEPE are all benefiting from the return of retail risk appetite and increasing open interest across derivatives markets. Technical indicators — including bullish breakouts, positive MACD, and elevated RSI — all support a continuation of the upward trend.

However:

The trio must still clear key resistance levels (such as EMA 200 and R1 pivot zones).

Short-term corrections remain possible if buying pressure fades or if broader market sentiment turns cautious (for instance, a sharp BTC pullback).

Meme coins remain highly speculative — their prices are driven more by social sentiment and liquidity flows than by fundamentals.

Investor guidance:

Consider allocating only a small portion of capital to meme coins and define clear stop-loss levels.

Wait for confirmed breakouts above resistance for more reliable entries.

Avoid holding long-term without re-evaluation, as meme coins are prone to sharp and sudden reversals.