Altcoins like Ethereum, Solana, and XRP aslo reacted positively, but the interesting part is memecoins here. The memecoins category, for a long time, has not performed well, but it’s time to say they are back in the game.

Monday opened green for most of the memecoins. Dogecoin
DOGEUSD
, Shiba Inu
SHIBUSD
, Pepecoin
PEPEUSD
, Bonk
BONKUSD
, DogWifhat
WIFUSD
, Osaka Protocol
OSAKUSD
, Fartcoin (FART) and more.

TRUMP Turns Bullish After Recovery

The President Trump Solana memecoins, TRUMP Coin, reached an annual low of $2.9 due to declining perceptions of him. At press time, TRUMP is at $3.9, down 3% from a surge to $4.2.

The TRUMP/USDT 1D chart shows the asset remains within a descending channel, with an impulse towards its upper line clearly visible.

With MACD and RSI 56 showing bullish signals, the coins present a good buy-the-dip opportunity. TRUMP is expected to rebound above its first resistance at $4.3, which it tested today and if the trend persists, $5.69 is the target.

This is a possible scenario, as Trump has yet to announce another Gala lunch/dinner for holders of the Trump coin. Participants are sorted into time-weighted holders between March 12 and April 10.

Dogecoin needs a booster above 50D EMA

At press time, Dogecoin price is $0.1002 with 4.8% 24hour surge, and $0.103 is its 50 Day EMA. If DOGE breaks above $0.102 daily resistance, the big memecoins can briefly hit the next resistance at $0.110.

Further close above this level will trigger a rally near the 100-day EMA of $0.119. Supported by neutral to bullish MACD and RSI (57).

Following this scenario, we can see DOGE travelling to the Feb low at $0.08.

Shiba Inu Ready To Surge.

Shia INU, SHIB price recovered aroundd 13% from its last week’s horizontal support at $0.0000054. At the time of writing, SHIB is at $0.000006191, near the 50-day EMA ( $0.0000062).

The momentum indicators for SHIB/USDT are bullish, and a close above $0.0000062 will trigger its momentum towards the weekly resistance at $0.0000068.

If Shib does not keep up the buying momentum and trend, we can see its travel towards the horizontal support zone of $0.0000054

PEPE Coin Surges Strong

Pepecoin has shown strength in recent trading sessions. 8th March, the memecoin found support on $0.0000031, the Feb low. At press time, PEPE coin price is at $0.000003924, up 16% in 24 hours

PEPE/USDT chart shows MACD making a bullish crossover, the RSI at 59 facing upside. The Momentum indicators show Pepecoin price nears its 50-day and 100 EMA and shows potential growth.

If things go wrong for PEPE, we could see a drop towards the Feb 6 low at $0.0000031.
source: https://www.tradingview.com/news/coinpedia:5815d8361094b:0-memecoins-have-finally-woken-up-pepe-bonk-trump-shib-wif-osak-fart-and-many-turned-green-on-monday/