Memecoins such as DOGE, SHIB, and PEPE are outperforming Bitcoin this week, following US President Donald Trump’s latest supportive statements.
Trump Support Drives Memecoin Sector Valuation Above $62 Billion
Memecoins have made a positive start to the week, as investors reacted to Bitcoin price stagnation and fresh bullish statements from US President Donald Trump.
Since the initial rally on Monday, Bitcoin’s price has failed multiple attempts to breach the $90,000 resistance. As BTC tumbled 2% to hit $86,000 on Wednesday as investors shifting their capital toward alternative assets.
Memecoin Market Performance | Coingecko
Recent markets data from Coingecko, shows that memecoins are receiving unusually high inflows, since top ranked assets including BTC, ETH, XRP and SOL all stuck in a consolidation phase.
This trend is evident in the chart above, as the total market capitalization of memecoins surged 9.2%, surpassing the $62.5 billion mark. Among the top performers on Wednesday, March 26, the three largest memecoins—Dogecoin, Pepe, and Shiba Inu—are leading the charge.
Why are Memecoins Rallying this Week?
Memecoins began rallying after U.S. President Donald Trump reiterated his support for the $TRUMP meme token on Monday.
Notably, the global memecoin market had suffered significant reputational setback when the Libra memecoin rug pull which involved Argentine President Javier Milei. Many had expected the Trump would step-away from the offical TRUMP and Melainia memes, launched during the inauguration on January 20.
Donald Trump re-emphasizes support for TRUMP memecoin, March 24 2025 | Truth Social
Referencing the $6 billion inflows observed on Wednesday, Trump’s latest Truth post, declaring TRUMP token as the ‘greatest of them all’ appears to have reignited investor confidence across the memecoin market.
Top 3 Memecoins Price Prediction
Dogecoin Price Forecast: DOGE Eyes $0.22 Breakout Amid Surging Momentum
Currently trading at $0.20, Dogecoin has recorded an 8.6% gain in the last 24 hours, which propels DOGE’s market capitalization above the $30 billion mark.
Zooming out, the Dogecoin price forecast chart below shows that DOGE has surged 23.57% over the past four days, accompanied by a notable increase in trading volume, signaling strong buying pressure.
Bollinger Bands indicate that the price is approaching the upper boundary at $0.197, reinforcing bullish momentum.
Dogecoin Price Forecast
A breakout above this level could push DOGE toward the $0.22 psychological resistance.
However, caution remains as a rejection at $0.197 could trigger a pullback. The lower Bollinger Band at $0.152 serves as a key support level. If selling pressure intensifies, DOGE may retrace toward $0.18, where the 50-day moving average aligns with a prior resistance-turned-support.
The volume indicator suggests rising participation, favoring the bulls, but a drop in volume could signal exhaustion, leading to a correction. As long as DOGE maintains its upward trajectory, the bullish case remains intact, with $0.22 as the next target.
Shiba Inu Price Forecast: SHIB Targets $0.000016 as Bullish Breakout Gains Strength
Shiba Inu price forecast remains optimistic as SHIB trades at $0.00001458, registering a 5.35% gain in the past 24 hours. The chart reflects a strong 25.66% rally over four days, driven by increasing volume, suggesting growing investor confidence.
At press time, SHIB’s price has broken above the mid-level of the Keltner Channel at $0.00001328, with the upper boundary at $0.00001506 acting as the next resistance. If bullish momentum persists, SHIB could extend gains toward $0.000016.
Shiba Inu Price Forecast
The MACD indicator signals a bullish crossover, with the MACD line trending above the signal line, reinforcing upside potential.
More so, the Parabolic SAR is positioned below the price, indicating continued bullish momentum.
Yet, failure to break above $0.00001506 could lead to a correction, with immediate support near $0.00001328. A drop below this level could invalidate the bullish scenario, opening the door for a retest of $0.00001233.
As long as SHIB holds above key supports, the bullish case remains strong, with buyers targeting $0.000016 as the next upside milestone.
Pepe Price Forecast: PEPE Eyes $0.000010 as Bullish Surge Extends 32% Rally
Pepe price forecast signals remains bullish despite double-digit gains on Wednesday. With PEPE trading at $0.00000859, reflecting a 7.24% daily gain and an impressive 32.10% surge over the past three days.
Zooming in on the chart below, PEPE price has decisively broken above the midline of the Donchian Channel at $0.00000725, now approaching key resistance at $0.00000926. If bullish momentum continues, PEPE could rally toward the psychological $0.000010 mark.
Pepe Price Forecast
The Directional Movement Index (DMI) confirms strength in the uptrend, with the +DI (blue) surging above the -DI (orange), signaling growing buyer control.
Beyond that, Parabolic SAR dots are positioned below the price, reinforcing the bullish outlook.
However, if PEPE faces rejection at $0.000009, a pullback to $0.000007is possible. A break below this support could shift momentum bearish, potentially bringing the $0.00000697 support into focus.
In Summary
In summary, while BTC and other top-ranked assets like ETH, XRP, and SOL are witnesses intense profit taking on Wednesday, while memecoins rallied 9.2% as the sector valuation grew by $6 billion to $62 billion within the last 24 hours.
This sharp rally in memecoins indicates a shift in investor sentiment. The recent Fed rate pause appears to have renewed confidence in riskier assets, fueling demand for high-risk and speculative plays. However, whether this bullish momentum can be sustained remains uncertain. If Bitcoin continues to stagnate, it could dampen broader market sentiment and potentially trigger a correction in the days ahead.
The post Top 3 Memecoins Price Prediction: Why DOGE, SHIB, and PEPE Are Outperforming BTC This Week appeared first on CoinGape.
