Recently, the cryptocurrency market has experienced a surge of meme coins, with digital assets represented by DOGE, SHIB, and PEPE showing significant price increases, with a single-day increase exceeding 10% at one point. The driving factors behind this wave of increase include the rise in open contracts in the derivation market, improvements in technical indicators, and increased liquidity due to market expectations of a possible interest rate cut by the Federal Reserve.

As a pioneer of meme coins, DOGE is currently trading between $0.26 and $0.27. Market analysts point out that if DOGE can break through the resistance level of $0.30, its price is expected to rise further to $0.35, and it may even reach $0.42. The long-term development of DOGE still relies on its strong community support and potential mainstream application scenarios.

SHIB has surpassed its initial positioning as a "DOGE competitor" by continuously expanding its ecosystem, such as the launch of the Shibarium Layer2 network, creating more real use cases for the token. The current trading price of SHIB is approximately $0.0000129, and if it can break through the resistance level of $0.00001450, the next target price may be $0.000016. Notably, SHIB has entered Coinbase's "ETF watchlist," which may indicate that it will be included in more financial products in the future.

As a recent rising star in the meme coin space, PEPE has attracted a lot of attention with its strong community enthusiasm and astonishing daily trading volume (up to the billion-dollar level). The current trading price of PEPE is approximately $0.00001062, and market observers believe that if it can break through the resistance level of $0.000012, its price may further rise to $0.000014.

Historical data shows that October is usually a good month for meme coins. SHIB has shown an upward trend every October since its listing; meanwhile, DOGE has also achieved positive returns every October over the past six years. However, investors should remain cautious and closely monitor changes in key support levels. For example, if DOGE falls below the support level of 0.22 USD or SHIB falls below the support level of 0.000012 USD, it may trigger a short-term correction.

Although the meme coin market is full of opportunities, it also comes with high risks. Short-term investors need to closely monitor the overall trend of Bitcoin and various technical indicators, while long-term investors should pay more attention to the development of the ecosystem of these tokens and changes in community consensus. In any case, thorough research and risk assessment should be conducted before making any investment decisions.