Crypto

Meme coins back in focus after September surge; what will drive the next rally?

Meme coins have quickly given back gains after a sharp September surge, shifting attention from price jumps to whether rallies can last. The rise is seen as driven less by coin-specific catalysts and more by bitcoin strength, short-position liquidations and a return of risk appetite. Analysts cited volume, open interest and bitcoin’s direction as key variables, warning that thin liquidity can amplify moves and reversals.

Crypto

Dogecoin hits highest level in months; trend reversal uncertain

Dogecoin climbed to its highest level since June after news that X expanded trading features, rising as high as $0.1059 before sliding. Selling pressure pushed it down to $0.0992, and it closed down 0.62 percent on the day. The move came as risk appetite returned with bitcoin strength and money rotated into meme coins. Derivatives open interest rose about 10 percent in an hour to around $350 million, suggesting leverage played a large role. Technical indicators showed near-overheated conditions, while a long-term dead cross remained in place.