Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are showing signs of a potential rebound, bouncing off support levels established after the broad market liquidation on October 10. Technical analysis suggests that supply pressure is easing, and a consistent bullish Relative Strength Index (RSI) divergence across all three major meme coins points to a recovery that could finally ignite the long-anticipated "Uptober" rally.
Key Recovery Signals and Diverging Retail Interest
The entire meme coin segment has recovered its market capitalization to $55.54 billion from $51.02 billion on Friday, suggesting a broader segment recovery is underway.
However, retail interest remains split:
- Dogecoin is leading the charge, with its Open Interest (OI) surging by over 8% in the last 24 hours to $1.81 billion. This increase in outstanding contracts suggests traders are increasingly willing to take on risk with DOGE.
- Shiba Inu and Pepe are struggling to keep pace, with their OI down nearly 1% and 2%, respectively, indicating that traders' confidence in these two assets is lagging.
Technical Outlook for Top Meme Coins
Dogecoin (DOGE) Stages a Strong Rebound
DOGE has posted two consecutive days of gains, holding steady above $0.19000 and approaching the $0.20000 psychological level.
- Bullish Potential: If DOGE can reclaim the 200-day Exponential Moving Average (EMA) at $0.22021, it could extend the rally to the Pivot Point level at $0.24818 and avoid a bearish "Death Cross" pattern. The Moving Average Convergence Divergence (MACD) is approaching its signal line, and an upside crossover would confirm a new bullish trend. The RSI is rising (currently at 40), confirming the bullish divergence.
- Downside Risk: A drop below the October 11 support of $0.18527 could send DOGE toward the S2 Pivot Point at $0.14610.
Shiba Inu (SHIB) at a Key Crossroads
SHIB is also in its third day of recovery, trading above the crucial $0.00001000 psychological level after bouncing from the $0.00000974 support.
- Bullish Potential: SHIB could target the S1 Pivot Point at $0.00001059, followed by the center Pivot Point at $0.00001271. The MACD is recovering and approaching a bullish crossover, and the RSI is rising (currently at 38) from the oversold zone, confirming the bullish divergence.
- Downside Risk: Failure to hold $0.00000974 could see the price drop to the S2 Pivot Point at $0.00000935.
Pepe (PEPE) Gains Traction
PEPE is mimicking the recovery of DOGE and SHIB, up 2% and reversing from near the $0.00000645 level.
- Bullish Potential: PEPE is aiming for the S1 Pivot Point at $0.00000788. A breakout above this level could push the price toward $0.00000887. The RSI (currently at 37) is confirming a bullish divergence, and the MACD is also inching toward a bullish crossover.
- Downside Risk: A drop below the $0.00000645 level could extend the decline toward the psychological mark of $0.00000500.
In summary, technical indicators for DOGE, SHIB, and PEPE suggest a decline in selling pressure and an increase in strength, setting the stage for a potential segment-wide recovery, with Dogecoin showing the strongest immediate retail interest.
October 2025, Cryptoniteuae