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  • DOGE leads meme coin rally as SHIB and PEPE near breakout zones
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DOGE leads meme coin rally as SHIB and PEPE near breakout zones

Karla Barker May 5, 2026

Meme coins are showing bullish strength again as the week begins, with Dogecoin leading the charge. DOGE surged over 9% last week and is trading around $0.113 on Monday. Shiba Inu and Pepe are also in the green, approaching key resistance levels that could trigger further rallies if broken.

Dogecoin extends gains after clearing key level

Dogecoin’s price is climbing after it closed above the 100-day exponential moving average at $0.104 last week. On Monday, DOGE is trading above $0.113. If momentum continues, the next target is the weekly resistance at $0.119.

The daily relative strength index is at 78, which is above the overbought threshold and still pointing upward. That suggests strong bullish momentum. The moving average convergence divergence indicator also shows rising green histogram bars, supporting the positive view.

But if DOGE faces a pullback, it could drop back to the 100-day EMA at $0.104.

Shiba Inu consolidation might end soon

Shiba Inu’s price found support around the 50-day EMA at $0.0000061 on Sunday and has since risen. On Monday, it is approaching the upper consolidation boundary at $0.0000064.

If SHIB closes above this level on a daily basis, the next target is the 100-day EMA at $0.0000064. A firm close above that could push the price toward the weekly resistance at $0.0000068.

The daily RSI is 58, above the neutral 50 mark but not yet overbought. That indicates bullish momentum. The MACD also shows green histogram bars, supporting a positive outlook.

On the downside, if SHIB gets rejected and corrects, it might fall back to the 50-day EMA at $0.0000061.

Pepe nears a key resistance zone

Pepe is trading just above the 100-day EMA at $0.0000040 on Monday, after finding support at $0.0000039. If PEPE closes above the 100-day EMA on a daily basis, it could rally toward the 200-day EMA at $0.0000050, which roughly lines up with daily resistance.

The daily RSI is 62, above neutral, signaling bullish strength. The MACD also shows a bullish crossover with green histogram bars.

But if PEPE pulls back and closes below the 50-day EMA at $0.0000037, the decline could extend to the April 7 low at $0.0000033.

Karla Barker

I have been writing about Cryptocurrencies and Blockchain technology since 2017. My work has been featured in major publications such as Forbes, CoinDesk, and Bitcoin Magazine. My mission is to educate the people about the potential of this transformative technology. When I’m not writing or teaching, I enjoy spending time with my husband and two young children.

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