#Gate广场四月发帖挑战 BTC back to 71k! DOGE, SHIB, PEPE collectively stir, is the meme coin market coming?

This round of market recovery has sparked renewed activity in meme coins. As BTC reclaims the $71,000 level, the three popular coins—Dogecoin, Shiba Inu, and PEPE—are all experiencing a rebound. Here's the overall situation:
In the past 24 hours, the crypto market has increased by about 4%, with the total market cap returning to $2.44 trillion. Not only BTC, but mainstream coins like ETH and XRP are also strengthening simultaneously. To put it simply: market sentiment is back, and funds are willing to take risks again.
Dogecoin: Is $0.1 still possible?
DOGE's recent rise isn't the sharpest, but it's steady. Currently trading around $0.094, with a 24-hour increase of about 4.7%. The key point now is whether it can hold above $0.094. If it stabilizes, it might continue to test the $0.095–$0.096 range in the short term; a breakthrough could give it a chance to hit $0.1 this week. But if it drops back below $0.09, the momentum may slow down again.
Shiba Inu: Burn rate surges, sentiment ignited
SHIB feels like it's "rising while stirring things up." The current price is $0.00000615, with nearly a 5% increase. More importantly, the burn rate has skyrocketed by over 3,230%, indicating circulating supply is rapidly decreasing, and the market is beginning to anticipate a "deflationary effect." Short-term support and resistance levels are:
Resistance: $0.0000063–$0.0000064
Support: $0.0000061
If it can hold above the resistance, the market is likely to rally on expectations of "zeroing out" (removing zeros).
PEPE: Most aggressive, hottest sentiment
This round's biggest mover is PEPE. It has risen 10% in 24 hours, reaching $0.00000370. Not only spot prices are up, but funds are also pouring in aggressively: open interest has increased by over 20%, with trading volume surging by 80%+ to $217 million. What does this indicate? It's not just retail traders playing; leverage is also increasing. If the price can stay above $0.00000350, the next target could be $0.0000040.
Why is this wave of growth happening?
The core reasons are twofold: BTC's recovery (reclaiming $71,000) and easing market risk sentiment. Simply put:
👉 People are less panicked
👉 Funds are starting to re-enter
And meme coins are highly sensitive to "sentiment," so their reactions are the most intense.
What's the outlook?
The current rhythm is quite clear: BTC stabilizes → Market sentiment improves → Altcoins and meme coins become active → Price gains amplify. The key points to watch are:
Can BTC continue to hold high levels?
Will funds keep flowing in?
If these two conditions remain, DOGE, SHIB, and PEPE are very likely to continue rising or even break through new highs.