"Memecoin Market Turns Again"...Dogecoin, TRUMP, Pepe Simultaneously Awaiting 'Surge Trigger'

▲ Dogecoin (DOGE), Official Trump (TRUMP), Pepe (PEPE)/AI-generated image

As the memecoin sector shows a rotational trading pattern in the virtual asset market, major assets with technical signals and upcoming events are poised for strong volatility this week.

According to crypto-focused media outlet BeInCrypto on April 20 (local time), the memecoin market rose by about 8% over the past week, but Dogecoin (DOGE) only saw a 3% increase, showing relatively sluggish performance. This is interpreted as a sign of a rotational flow where funds within the sector move from small and mid-cap assets to large-cap assets and then back.

Dogecoin has currently completed its preparation for a rebound, forming a cup-and-handle pattern on its daily chart. A bullish divergence has appeared in the Relative Strength Index, indicating signs of buying power recovery. Consequently, analysis suggests that there could be room for further upside if key resistance levels are broken in the short term.

Official Trump (TRUMP), a political-themed memecoin, is experiencing increased volatility due to reflected event expectations. With key political schedules stimulating investor sentiment, whether it breaks through crucial resistance levels is considered a turning point for its short-term direction. Given the nature of memecoins combined with events, the possibility of a rapid surge in a short period is also being discussed.

Pepe (PEPE) is at the edge of a price convergence zone, poised to choose its direction. As volatility compression lengthens, the movement after a breakout can be significant, so the market is paying attention to the possibility of a strong trend reversal. Accumulation signals from whale investors and community activity are also factors fueling anticipation.

Currently, the memecoin market exhibits a cyclical structure where funds move from central assets to small and mid-cap assets, and then back to large-cap assets. Within this flow, technical patterns and changes in trading volume serve as key indicators for gauging future market direction.

Experts emphasize the importance of first examining the overall capital flow of the sector rather than individual asset issues. Analysis suggests that market energy has accumulated, with Dogecoin's potential for a technical rebound, Trump coin's event momentum, and Pepe's compressed volatility acting simultaneously.

However, as memecoins are heavily influenced by psychological factors, volatility can expand extremely. It is crucial to carefully monitor whether key support levels are breached and changes in trading volume to formulate a response strategy. This week's trend is expected to be a critical watershed in determining the overall direction of the virtual asset market by the end of April.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*