• Dogecoin extends gains on Monday, nearing a key resistance level at $0.102.
• Shiba Inu price surges by over 6% on Monday, following a nearly 13% gain the previous week.
• Pepe’s soars more than 15% and momentum indicators show early signs of a bullish trend.

Meme coins are rallying on Monday as the broader crypto market continues to recover amid a mild improvement in risk sentiment. Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) all post sharp gains on Monday after rallying nearly 10%, 13% and 9%, respectively, in the previous week. DOGE is approaching a key resistance level, SHIB is building on last week’s strong rally, and PEPE’s momentum indicators are beginning to turn bullish.

Dogecoin could extend gains if it closes above the 50-day EMA

Dogecoin price is trading above $0.101 as of writing on Monday, up more than 5% and nearing the 50-day Exponential Moving Average (EMA) at $0.102. 

If DOGE breaks above this key resistance zone at $0.102 on a daily basis, it could extend the rally toward the next key resistance at $0.110. A close above this level could extend gains toward the weekly resistance at $0.119, which coincides with the 100-day EMA.

The Relative Strength Index (RSI) on the daily chart reads 57, above the neutral level of 50 and points upwards, indicating bullish momentum gaining traction. The Moving Average Convergence Divergence (MACD) on the same period showed a bullish crossover with rising green histogram bars, further supporting the bullish thesis.

On the other hand, if DOGE corrects, it could extend the decline toward the February 6 low of $0.080.

Shiba Inu bulls are in control of the momentum

Shiba Inu’s price bottomed around the horizontal support at $0.0000054 last week and rose by over 12%. As of Monday, it increases by more than 6%, nearing the 50-day EMA at $0.0000062.

If SHIB closes above the $0.0000062 on a daily basis, it could extend the rally toward the weekly resistance at $0.0000068.

Like Dogecoin, SHIB’s momentum indicators support a bullish thesis.

However, if SHBA faces a correction, it could extend the decline toward the horizontal support at $0.0000054.

Pepe shows bullish signs in momentum indicators

Pepe price found support around the February 6 low of $0.0000031 on March 8 and surged over 8% last week. As of writing on Monday, it is trading at $0.0000039, up more than 15% on the day.

If PEPE continues its upward trend, it could extend the rally toward the daily resistance at $0.0000052.

Like Dogecoin and Shiba Inu meme coins, PEPE’s RSI and MACD show clear bullish momentum, gaining traction and supporting a positive outlook.

If PEPE faces a correction, it could extend the decline toward the February 6 low at $0.0000031.