Shiba Inu and Pepe tokens have caught market attention due to significant price spikes and trading volume increases. What are the reasons behind this rally?
SHIB Price Breakout
Shiba Inu is priced at $0.00001528, reflecting a 14% increase over the past 24 hours. Trading volume has surged by 132.52%. This marks the largest breakout for SHIB in 2025, reclaiming the 14th spot by market cap. Trading activity on the ShibaSwap DEX increased by 244%, exceeding $10 million. Key resistance levels are $0.00001661 and $0.00001798.
PEPE Surge and Technical Indicators
Pepe's price climbed 14.24%, now trading at $0.000008994. Trading volume rose by 36.47%, the result of a multi-week uptrend. PEPE approaches a $4 billion market cap and is nearing the top 30 cryptocurrencies. Key technical levels are the 100-day EMA at 1094 and the 200-day EMA at 1180.
Broad Gains in Meme Tokens
Increased activity in meme-based tokens was noted, with Dogecoin up 19%, and Bonk and Brett showing double-digit gains. This surge coincides with Bitcoin's recent rise to $88,000.
Analysts remain focused on the key technical levels of 100- and 200-day moving averages. Continued strength could indicate a broader rally across the meme token market.
