- Dogecoin, Pepe and Dogwifhat saw large profits, with a renewed interest in Memecoins.
- Despite price dips, Bullish sentiment remains strong about the most best performing meme tokens this week.
The Memecoin market has come back to life.
In the past week, various tokens in the sector have achieved eye-watery profits, which re-relieve speculative zeal and social buzz about crypto circles.
Dogecoin is at the center of this revival [DOGE]What also sees a sharp rise in the Futures open interest – a sign that traders are again betting on the first memecoin.
Open interest rates increases despite the Cooldown price
Dogecoin may have removed its recent highlights, but derivatives traders do not show any signs of decline.
Futures Open Interest for Doge has risen by more than 63% in just a week, according to $ 989 million to $ 1.62 billion, according to Glassnode -Data.
Source: Glassnode
This peak comes even if the price of Doge is confronted with resistance in the short term-repair on a growing decoupling between price action and trading positioning.
The divergence shows increased speculative appetite and suggests that traders are still betting on a bigger step forward.
Bulls show exhaustion
After a strong rally that pushed Dogecoin to a local high -high near $ 0.25, the price action had started to raise.
The daily RSI floated around 69 at the time of the press, just below the Overbought threshold, which was absent with Bullish Momentum. At the same time, based on somewhat, the reflection of reduced purchasing pressure reflects.
Source: TradingView
While DOGE still applies above the $ 0.22 support zone, the lack of follow-through hints is hesitant for buyers.
A break above $ 0.25 could restore an upward impulse, but failure to do this can lead to a short-term correction-especially if there remains open interest without matching volume strength.
Memecoins this week: a mixed bag
While Dogecoin led with a weekly profit of 37.11%, such as Pepe [PEPE] and Dogwifhat [WIF] Expressed in terms of pure percentage of growth.
Shiba Inu [SHIB] and Bonk [BONK] also placed a solid weekly return of 24.60% and 36.23% respectively.
Source: Coinmarketcap
But not all tokens did it right – Fartcoin [FARTCOIN] saw a modest 18.80% rise, while the official Trump [TRUMP] And Wif struggled with higher daily losses.
There is selective optimism about memecoins, with newer participants who quickly overtake, even as old tokens such as doge face consolidation.
Credit : ambcrypto.com
