Pepe and Bonk lead Memecoin recovery with double-digit pumps

Demand in the meme coin space returned suddenly after the total memecoin capitalization increased by around 5.7% to $51.6 billion in the last 24 hours.

Pepe leads the way with an 11% jump in the last 24 hours, Bonk follows with 10% and Shiba Inu with 4.3%.

The meme coin space is outperforming the broader crypto market, as it jumped 1% to a market cap of $3.23 trillion, now signaling a shift of retail and institutional capital into speculative assets.

Memecoin season always starts quietly, then the numbers give it away.$PEPE is up 64% in 7 days, $BONK 59%, $PENGU 34%. Meme coin market cap just passed $45 billion, up 20% in a week, while BTC reclaimed 91,000 and memecoins followed.

We have seen this cycle before. In 2021 $DOGE was… pic.twitter.com/zbgofHZZr4

– 𝖀𝖈𝖆𝖓 (@Ucan_Coin) January 4, 2026

This rise comes as Bitcoin continues to surge earlier this year, now up more than 1% to trade well above the $92,500 zone.

Recovery is not limited to the parts themselves; other major altcoins, including Hyperliquid, Hedera, Aster and XRP, also jumped around 5% over 24 hours, according to Coingecko data.

Furthermore, historical models, according to Coingeckoshow that memecoin rises often precede altcoin recoveries, reigniting retail enthusiasm before spilling over into established protocols.

Is memecoin mania back, or is it just a short-lived surge?

Pepe Price shows signs of continued rise

THE Pépé Prize rose 11.5% in the past 24 hours to trade at $0.000007027 as of 12:03 a.m. EST as trading volume climbed 30% to $1.5 billion.

In the 3-day chart, PEPE price is showing signs of recovery over the last two candles, now up 74% over the past two weeks. This rise has now pushed Pepe price towards a breakout, as it approaches the upper boundary of the descending channel pattern and the 50-day simple moving average (SMA) at $0.000007335.

The Relative Strength Index (RSI), currently at 61.85 and still rising, shows that buyers are controlling the price without being overbought. This level indicates that buyers still have room to buy before the asset becomes overbought.

Meanwhile, the Moving Average Convergence Divergence (MACD) for Pepe price shows a bullish crossover, after the blue MACD line crossed the orange signal line.

Green bars on the histogram also form above the neutral line, a signal of positive upward momentum.

Based on PEPE/USD chart analysis, PEPE is poised for further upside beyond the 50-day SMA, targeting the 200-day SMA at $0.0000106, a 50.40% upside from the current level.

If the RSI continues to rise, the asset could become overbought in the coming days, risking a fall into the long-term and previous support zone around $0.0000056.

Bonk price on the verge of a breakout as bulls aim for a 75% rise

THE bonk price is now up 45% over the past week to trade at $0.00001194 as of 12:28 a.m. EST, on a 128% jump in daily trading volume to $731 million.

This notable rise comes as BONK price prepares for a breakout above a falling wedge pattern, triggering a bullish recovery higher.

The RSI has risen above the mid-level of 50 from the overbought zone of 30, currently at 53.29 and rising, suggesting that the asset is accelerating buying pressure without being overbought. This suggests that there is room for the bulls to continue pushing BONK higher.

Additionally, the MACD has also turned positive with the blue MACD line well above the orange signal line.

A continued rise and break above the wedge could push BONK price past the 50-day SMA ($0.00001539) to climb another 75% from the current level, targeting the 200-day SMA at $0.00002127 in the long term.

However, investors should be careful as those who bought at the $0.00000778 support could start making profits. In this scenario, the bears could push BON towards a retracement towards this support zone.

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