Dogecoin News Today: Retail Frenzy Fuels Meme Coin Resurgence Amid Bitcoin's Surge

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are surging as retail demand rebounds amid a broader cryptocurrency market rebound. Bitcoin's recent climb above $115,000 has reignited bullish sentiment, with derivatives data showing a 10%, 9%, and 14% rise in open interest for DOGE, SHIB, and PEPE, respectively, over the past 24 hours, according to an FXStreet analysis. The resurgence has traders eyeing key technical levels and new altcoins like Mutuum Finance (MUTM) as potential breakout candidates.

Dogecoin, the most prominent meme coin, dipped 5% below $0.20 earlier this week as profit-taking pressured its short-term momentum, according to a Cryptopolitan report. However, the token has since rebounded, forming a descending triangle pattern on the 4-hour chart. Analysts suggest a break above $0.21490—aligned with the 200-period EMA and the R1 Pivot Point—could signal a sustained recovery, per the FXStreet piece. The recent rally coincided with Elon Musk's tongue-in-cheek tweet likening a Shiba Inu dog breed to the "CEO of X," a move that briefly reinvigorated memecoin enthusiasm, the Cryptopolitan story adds.

Meanwhile, investors are shifting capital to Mutuum Finance (MUTM), a DeFi-focused altcoin in its presale's final stages. At $0.035, MUTM has raised $17.8 million from over 17,380 holders, with 70% of its Phase 6 allocation already sold, the Cryptopolitan report notes. The project's dual-lending model—combining Peer-to-Contract (P2C) liquidity pools and customizable Peer-to-Peer (P2P) agreements—has drawn attention for its flexibility and risk management features, according to a GlobeNewswire release. P2C allows users to deposit assets like ETH or USDT into pools earning dynamic interest rates, while P2P facilitates tailored lending for niche tokens such as SHIB or PEPE, the Cryptopolitan piece adds. The platform's mtTokens, which accrue interest and can be staked for additional MUTM rewards, further enhance its appeal, per that same Cryptopolitan coverage.

Shiba Inu and Pepe are also gaining traction. SHIB reclaimed the $0.00001000 psychological level, with a falling channel breakout targeting $0.00001104 on the 200-period EMA, according to the FXStreet analysis. Similarly, PEPE's steady rise has pushed it past $0.00000700, with technical indicators like the RSI nearing overbought territory and the MACD in a bullish uptrend, the FXStreet piece reports. Both tokens face critical support levels: SHIB at $0.00000987 and PEPE at $0.00000714, the 50-period EMA noted in that same FXStreet coverage.

Mutuum Finance's structured presale approach, with a 20% price jump to $0.04 in Phase 7, reflects growing investor confidence, the GlobeNewswire release indicates. The project's security framework, including a CertiK audit and a $100,000 giveaway contest, underscores its community-driven appeal, the Cryptopolitan report adds. With its lending protocol set for a Q4 2025 testnet launch, MUTM aims to position itself as a next-cycle DeFi contender, per the GlobeNewswire coverage.

Retail demand remains a key driver. The return of "Uptober" optimism has spurred fresh long positions and leveraged bets, as evidenced by rising open interest. While meme coins face overhead resistance, the current momentum suggests traders are prioritizing high-upside opportunities like MUTM over fading leaders like DOGE, the FXStreet analysis concludes.