I just reviewed the charts, and something strange is happening with the memes in this rally. Dogecoin and Shiba Inu had everything to explode with Bitcoin and Ethereum in the green, but nothing. DOGE is still stuck around $0.10, SHIB is in its usual bearish channel, and PEPE is the one that hurts the most—it dropped significantly this week while everything else rebounded.

Historically, meme coins are the first to take off when risk returns, but this time it’s clear there’s a lack of serious volume. In particular, PEPE broke key support levels, which is worrying considering it should be leading. SHIB’s RSI is showing bullish divergence, but the price keeps falling, and DOGE simply isn’t taking off.

The feeling is that without fresh liquidity coming in, these memes will keep trading in a tight range. PEPE y compañía might stay here for a while while the action concentrates on the majors. If you don’t see movement in the next few weeks, it’s probably a sign to rotate back toward Bitcoin y Ethereum.