In early 2026, the crypto market was completely ignited by meme coins. Dogecoin (DOGE) surged past $0.15, Pepe (PEPE) skyrocketed over 60%, and Floki (FLOKI) jumped 40%—the three hot coins collectively exploded, pushing the total market cap of the sector to $33.8 billion, with daily trading volume soaring to $5.9 billion. Market sentiment was boiling over, and funds flooded in. But the more intense the moment, the more important it is to calmly recognize the underlying risks.

From a technical perspective, DOGE's bullish setup is indeed powerful. The price remains firmly above the 100-hour moving average, with a clear upward trendline formed on the hourly chart. The 24-hour trading volume is 40% higher than the 30-day average, and the golden cross signal has ignited the upward momentum. Based on the current trend, if the key support at $0.145 holds, a breakout toward $0.154–$0.162 is highly probable. Some institutions even predict it could reach the $0.2 mark within the year. However, the problem is that if it falls below the $0.15 defense line, the correction could extend to the $0.132–$0.135 range, and then a different scene will unfold.

PEPE's situation is much more complex. The price once surged to a high of $0.00000725, seemingly unstoppable, but then pulled back due to waning hype and profit-taking. More alarmingly, a head and shoulders pattern is subtly emerging on the technical charts—generally a bearish signal. Analyst Ali Martinez warns that PEPE is approaching the neckline of the head and shoulders; if the retest fails, a sharp decline back to around $0.0000015 is not impossible. On-chain data also hints at trouble: the proportion of short-term speculative holdings has risen to 18% in the past 7 days, indicating that a stampede-like sell-off risk is building.

As for Floki, which has been a rising dark horse, the situation is equally concerning. Its Tom DeMark (TD) sequence indicator has triggered a sell signal, and the occurrence of nine consecutive bullish candles historically predicts a short-term reversal with over 60% accuracy. This is no joke. Meanwhile, although SHIB has also increased by 15%, on-chain data shows 192 billion tokens deposited into exchanges—clearly indicating that selling pressure across the meme coin sector is quietly accumulating.

Can this frenzy continue? No one can give an absolute answer. Will DOGE successfully break through $0.2? Will PEPE's head and shoulders pattern trigger a crash? What does the TD signal on Floki really mean? These are the real questions facing us right now. The market has always been like this—opportunities and risks coexist, gains and costs go hand in hand. The key is whether you can stay sober amid the frenzy and keep your rationality intact. Feel free to share your judgments and thoughts in the comments.