Meme Coin Price Prediction: DOGE, SHIB, PEPE Close Position Soars by 14%, Retail Demand Explodes

With the overall recovery of the crypto assets market, the price of Bitcoin has surpassed $115,000, and meme coins such as DOGE, Shiba Inu (SHIB), and PEPE have also experienced significant pumps. CoinGlass data shows that in the past 24 hours, the open interest (OI) of DOGE, SHIB, and PEPE futures has increased by 10%, 9%, and 14%, respectively.

Retail demand returns, the surge in open contracts indicates confidence

(Source: Coinglass)

The sudden revival on October 26 boosted interest in popular meme coins amid speculative trading. CoinGlass data shows that over the past 24 hours, the open interest (OI) of DOGE, Shiba Inu, and PEPE futures increased by 10%, 9%, and 14%, reaching 1.99 billion USD, 84.07 million USD, and 253.3 million USD, respectively. The increase in open interest indicates that investors are increasing their risk exposure by using leverage or adding new long positions.

Open interest refers to the total value of all unsettled futures contracts, and changes in this indicator reflect the confidence and activity level of market participants. The open interest of DOGE at 1.99 billion USD has significantly increased compared to the previous stagnant state. A 10% daily increase indicates that approximately 180 million USD of new funds have entered the DOGE futures market, and this scale of capital inflow shows that the risk appetite of retail investors is on the rise.

The 14% increase of PEPE leads the three major meme coins, indicating that this relatively young meme coin is attracting more speculative capital. The 14% growth in open contracts signifies approximately $31 million in new leveraged positions, although the absolute scale is smaller than DOGE, the growth rate is faster. This phenomenon typically occurs in the early stages of warming market sentiment, where funds first flow into small-cap coins that are more volatile and have greater potential returns.

The 9% increase of Shiba Inu, although relatively moderate, corresponds to approximately $7.56 million in new funds when considering its $84.07 million in open contracts. As the second largest meme coin after DOGE, the stable growth of its open contracts indicates that the market still has confidence in its long-term prospects.

As market expectations for the “October pump” reignite, retail demand has also driven the breakthroughs of DOGE, SHIB, and PEPE. From a technical perspective, meme coins are gaining attention, but key resistance still exists, keeping the situation tense. This “breakthrough but still needs confirmation” state provides opportunities for traders but also brings risks.

Comparison of the Growth of Unclosed Contracts for the Three Major Meme Coins:

DOGE: +10%, reaching $1.99 billion, an increase of about $180 million

Shiba Inu (SHIB): +9%, reaching $84.07 million, with an addition of approximately $7.56 million.

PEPE: +14%, reaching $253.3 million, with an increase of about $31 million

DOGE Price Prediction: Breakthrough 0.20 USD Target 0.21490

(Source: Trading View)

As of Monday's press release, DOGE has risen slightly by 1%, continuing the nearly 5% increase from Sunday. The rebound of DOGE marks a breakout of a descending triangle pattern on the 4-hour chart. DOGE has broken through the descending triangle to reclaim $0.20, with bulls expecting further gains. The descending triangle is a consolidation pattern that typically appears during the retracement phase of a downtrend. When the price breaks above the upper boundary of the triangle, it often signifies the end of the downtrend and the beginning of a new round of upward movement.

The breakthrough rebound target for DOGE is the 200-period Exponential Moving Average (EMA) at $0.21490, slightly above the R1 pivot point. From the current $0.20 to $0.21490, this represents about a 7.5% upward potential. This is a relatively moderate but achievable short-term target. The 200-period EMA is an important indicator of long-term trends, and when the price reclaims this moving average, it often signifies a reversal of the long-term trend.

In addition to the potential for a pump, the technical indicators on the same chart also show that bullish momentum is strengthening. The Moving Average Convergence Divergence (MACD) indicator shows a stable upward trend as the green histogram rises above the zero line. Meanwhile, the Relative Strength Index (RSI) is at 72, entering the overbought region, indicating increased buying pressure.

The overbought condition of RSI 72 needs to be interpreted with caution. In meme coin price predictions, overbought does not necessarily mean a pullback is imminent, as RSI can remain in the overbought region for an extended period during a strong upward trend. During the DOGE bull market in 2021, RSI stayed above 70 for several consecutive weeks. Therefore, the current overbought status may be a reflection of strong upward momentum rather than a signal of a peak.

Looking down, if DOGE breaks below $0.20000, the immediate support level is at the S1 pivot point of $0.19115. $0.20 is an important psychological level and also a key support for DOGE in the recent period. If it fails to hold, it will trigger a technical adjustment, targeting $0.19115. In a more extreme scenario, if $0.19115 is also lost, the next support level could be around $0.18.

SHIB, PEPE Price Prediction: Strong Momentum in Continuous Rise

(Source: Trading View)

As of the writing of this article on October 27, the trading price of Shiba Inu has surpassed the psychological barrier of 0.00001000 USD, rising nearly 5% in the past 24 hours. The price of Shiba Inu increased by 1% on Monday, up 3.50% compared to Sunday. This meme coin has broken through the downward channel on the 4-hour chart, targeting the 200-period moving average at 0.00001104 USD. A decisive close above this level will place the R2 and R3 pivot points at 0.00001138 USD and 0.00001207 USD, respectively, entering the radar of SHIB bulls.

$0.00001000 (commonly known as “four zeros”) is an important psychological barrier for Shiba Inu. This integer price level occupies a significant position in the psychology of retail investors, and many novice investors set buy or sell orders at such round numbers. If Shiba Inu returns to this level, it is expected to rise further, as it signifies the restoration of market confidence.

The MACD and signal line on the 4-hour chart indicate a new upward beginning above the zero axis, continuing the upward trend and suggesting that bullish momentum is strengthening. Similarly, the RSI indicator is at 72, breaking the overbought boundary, showing that buying pressure has increased. The RSI of Shiba Inu at 72 is the same as that of DOGE, indicating that the technical aspects of the two meme coins are highly synchronized, and this synchronicity suggests they are driven by the same market forces.

If SHIB fails to maintain above $0.00001000, it may return to the S1 pivot point of $0.00000987. This is the recent support level, and if it breaks below, it will signal a short-term breakout failure, potentially triggering profit-taking.

(Source: TradingView)

Similar to Shiba Inu, PEPE has continued the upward trend following the breakout of the downtrend channel on the 4-hour chart. As of Monday's publication, PEPE's trading price has surpassed $0.00000700, maintaining an upward trend for the fifth consecutive day. With increasing retail interest, PEPE's steady recovery has gained momentum. The five consecutive days of gains is a strong performance in technical analysis, indicating sustained buying pressure with limited selling pressure.

The target for the frog-themed meme coin is the R1 pivot point of 0.00000771 USD, followed by the 200-period EMA of 0.00000815 USD. The potential increase from the current 0.00000700 USD to 0.00000815 USD indicates about a 16% pump, which is the largest potential increase among the three meme coins.

From a technical perspective, the strengthening bullish momentum indicates the upward potential of PEPE. Both the MACD and the signal line are in an upward trend, the RSI indicator is at 64, close to the overbought area, maintaining a bullish inclination. Pepe's RSI of 64 is lower than DOGE and Shiba Inu's 72, which means there is still more room for Pepe to rise before entering the overbought zone. In terms of risk-reward ratio, Pepe may be the most attractive target among the three meme coins at this stage.

The downside is that the 50-period EMA at $0.00000714 remains a key support level for PEPE, followed by the S1 pivot point at $0.00000668. If Pepe fails to hold $0.00000700, a pullback to the 50-period EMA at $0.00000714 would be a normal technical adjustment. A deeper pullback would test $0.00000668.

The Risks and Opportunities of Meme Coins

The simultaneous breakthrough of the three major meme coins and the consistency of technical indicators are bullish, providing an optimistic basis for meme coin price predictions. However, the risks cannot be ignored. The RSI overbought indicates that there may be profit-taking pressure in the short term, and the rapid growth of open contracts also suggests that a sudden market reversal could trigger a chain liquidation.

For investors, the strategy at the current stage should be cautiously optimistic. Participation in the rebound of meme coins is possible, but strict stop-loss levels need to be set and profits should be taken in a timely manner. It is recommended to keep meme coin positions within 10% to 20% of total assets to avoid excessive concentration of risk. At the same time, closely monitor the trend of Bitcoin, as the rise and fall of meme coins highly depend on market sentiment. If Bitcoin retraces, the decline of meme coins may be even larger.

Historically, the surge of meme coins is often short-lived. In 2021, DOGE skyrocketed from $0.05 to $0.70, but subsequently fell back and lingered in the range of $0.10 to $0.20 for a long time. This “pump and dump” characteristic makes meme coins more suitable for short-term trading rather than long-term investment. The current rebound may present a short-term opportunity, but its sustainability depends on the broader market environment and the continuity of retail demand.