The meme coin sector has extended gains over the past week, and major meme coins are signaling surge scenarios this week accompanied by strong volatility.
In this connection, blockchain media outlet BeInCrypto on April 20 named Dogecoin (DOGE), Official Trump (TRUMP) and Pepe (PEPE) as meme coins to watch this week, citing the possibility of rotation into large-cap names and coin-specific events.
Dogecoin (DOGE) Over the past 7 days, the meme coin market as a whole has risen about 8 percent. Over the same period, Dogecoin gained 3.5 percent, lagging the sector average. It is currently trading around $0.094. Some in the market say the gap could instead be an opportunity. If the sector’s rise continues, funds could rotate into relatively less-risen large-cap names.
Technical signals also point to a rebound. Dogecoin is forming a cup-and-handle pattern on the daily chart, while the relative strength index (RSI) shows bullish divergence with higher lows. If it posts a daily close above $0.095, that could lay the groundwork for further gains, and a break above $0.103 could complete the pattern. If it falls below $0.092, downside pressure could grow again.
Official Trump (TRUMP) Event-driven factors are also in focus. TRUMP could be affected by an offline event scheduled for April 25. A gala luncheon for the top 297 holders is scheduled at Mar-a-Lago in Florida, and the event previously coincided with a sharp price rise when it was disclosed. It is currently in the lower part of its range, in the upper $2 area.
Still, there are plenty of variables. The event overlaps with other official schedules on the same day, leaving attendance by key figures uncertain. Some in the market also see actual participation, rather than the event itself, as potentially setting the short-term price direction. Technically, whether it reclaims $2.94 is presented as the first turning point, with the low-$3 area cited as additional resistance after that. If it fails to retake $2.94, support at $2.77 is back in focus.
Pepe (PEPE) Pepe is showing the clearest upward trend among the three. It has posted gains over both the past 30 days and the past 7 days, with steady inflows of buying. On the chart, a cup-and-handle pattern is forming within a descending channel, and the short-term consolidation is interpreted as a pre-rally pullback phase.
Key resistance is at $0.00000416, and a break above that level could open a path for further gains while invalidating the downtrend. Short-term resistance levels are cited at $0.00000378 and $0.00000394, and a move above the upper band is also discussed as leaving room for gains of around 30 percent. If it falls again, the area around $0.00000312 is expected to act as support.
The key for the meme coin market this week is how the three divide their roles. For Dogecoin, the focus is whether a large-cap name that lagged the sector can recover. For TRUMP, it is the April 25 event factor. For Pepe, which has already shown a relatively strong run, the key is whether it breaks out technically. Each is expected to serve as a gauge of market direction.