Dogecoin 
$0.095024 surged by 3.9% to reach $0.173, driven by optimism over anticipated ETF approvals for Solana 
$86 and XRP. Conversely, BONK witnessed a 7.2% decline, dropping to $0.000021 and partly retracting its recent gains. Meanwhile, the memecoin market saw Shiba Inu and Pepe experiencing gains, climbing to $0.0000131 and $0.0000102 respectively. Market factors include ETF expectations, technical formations, whale movements, and profit-taking activities.
Rebound in Dogecoin Confidence
Dogecoin investors regained confidence amid reports suggesting that the U.S. Securities and Exchange Commission is working on a phased ETF approval model. While altcoins like XRP and Solana are expected to receive priority approval, Dogecoin is speculated to be included due to the “criteria-based approval” narrative. This anticipation pushed the price above the 7-day and 30-day moving averages. CoinMarketCap data shows that the Relative Strength Index (RSI) hovers near 50, as DOGE tests the $0.174 Fibonacci resistance. Successful navigation of this could set Dogecoin’s sights on $0.20.
During the same period, BONK investors opted for profit-taking after recent strong gains. The altcoin, climbing 46% in one week following increased supply via LetsBONK, saw daily RSI edge towards 70, triggering selling pressure. The trading volume reduction by 45% signals waning upward momentum, focusing attention on Fib 23.6 support at $0.00002087. A daily close below this could deepen the decline.
Shiba Inu and Pepe Attract Renewed Interest
Shiba Inu broke above its multi-week downward trendline at $0.00001280, signaling a technical micro-breakthrough. Supporting the price were the positive MACD crossover and the burning of over 1 billion SHIB coins, reducing circulation. Major wallets hold 61.53% of the total supply, while open interest in derivative products grew by $18.6 million in 24 hours. This setup has investors eyeing the 38.2 Fib resistance of $0.00001322 short-term.
Pepe’s upward movement was driven by chart formations, with the reemergence of a bull flag pattern previously boosting the price tenfold. The formational flagpole’s upper edge at $0.00001050 approaches a breakout, with the RSI neutral at 50 and the MACD histogram staying positive.
Increased holdings by Ethereum 
$2,344’s top 500 wallets by 5% over the past month have eased selling pressure on Pepe, supporting its rise. Pepe coin continues to maintain its support at $0.00000947 and is expected to target $0.000015.
