Dogwifhat (WIF), Pepe (PEPE), and Dogecoin (DOGE) top the meme coins to watch this week. Each broke out of a multi-month bullish chart pattern on Monday, with volume well above its 20-day average.
The breakouts arrived as Bitcoin (BTC) climbed to an eight-month high. The rally reversed last week’s slide, which came after a Federal Reserve rate hike and a failed Senate procedural vote 49-50.
The tide turned on Monday. BTC posted its first weekly close above the 50-week moving average in 45 weeks. It climbed above $87,000 for the first time since January.
Meme coins have outpaced the majors during the rebound. CoinGecko data shows PEPE and WIF each gained more than 40% over seven days, while DOGE added about 18%. BTC rose roughly 12% over the same period. Now the sector’s largest names are breaking out of patterns that took months to build.
1. Dogwifhat (WIF)
WIF broke out of a nine-month inverse head and shoulders pattern on Monday. The formation is a bullish reversal setup with three troughs, and the middle one sits deepest. Volume on the breakout candle reached 32.2 million WIF, more than double the 20-day average of 14.1 million.
The neckline sits at $0.2322. That level also marks the 0.236 Fibonacci retracement of the longer decline. The retracement runs from the May 2025 high near $1.40 to the August 2026 low near $0.133.
When a neckline and a Fibonacci level overlap, the breakout signal tends to carry more weight.
WIF trades near $0.256 as of writing, up about 15% in 24 hours. Its market cap of roughly $256 million places it among the 15 largest meme coins, per CoinGecko.
Based on the pattern’s depth, WIF could climb about 69% to $0.4319, which coincides with the 0.5 Fibonacci level. Along the way, the 0.382 level at $0.3273 may act as resistance. If the breakout fails, the price may find support at $0.1732.
2. Pepe (PEPE)
PEPE has traced out a near-identical structure since February 2026. The left shoulder formed in March, the head in late June, and the right shoulder earlier this month.
The Ethereum-based frog token cleared its neckline at $0.00000456 on Monday. Breakout volume reached 17.65 trillion PEPE, almost double the 20-day average of 9.54 trillion.
PEPE trades near $0.00000496 as of writing, up about 15% over 24 hours. Its market cap stands close to $2.05 billion, which makes it the fifth-largest meme coin, per CoinGecko.
The pattern’s depth points to a target of $0.00000935, roughly 88% above the current price. Before that, sellers may step in around $0.00000728, a level that capped the price in January.
A daily close below the neckline would invalidate the setup. In that case, immediate support stands at $0.00000413, with the next major floor at $0.00000320.
3. Dogecoin (DOGE)
DOGE remains the sector’s anchor. It is the largest meme coin by a wide margin, with a market cap near $15.3 billion. That also makes it the 12th-largest crypto asset overall. The token trades around $0.098 as of writing, up about 5% over 24 hours.
On the daily chart, DOGE has carved out a double bottom. The pattern forms when price tests the same support twice and then turns higher. Both lows landed near $0.080, first at the end of August and again in mid-September.
The neckline sits at $0.095. Monday’s candle closed above it on volume of 1.39 billion DOGE, about 47% above the 20-day average.
Measured from the pattern’s depth, the breakout targets $0.1156, roughly 18% above the current price. For the setup to hold, DOGE should find buyers at the neckline on any pullback and bounce from it.
A daily close below $0.095 would invalidate the pattern. The next support then stands at $0.0839, followed by $0.0782.
All three breakouts share the same weakness. Each arrived in a single session, and each depends on the neckline holding as support on the first retest. Whether meme coins can extend these gains may hinge on Bitcoin sustaining its move above the 50-weekly simple moving average.
Source: BeInCrypto