Meme Coin Rally: Dogecoin Breaks 20-Month Downtrend as Bitcoin Hits $80,700

Bitcoin (BTC) has reached new heights near $80,700, and with it, three of the largest meme coins have rallied. Dogecoin (DOGE), Pepe (PEPE), and Pump.fun (PUMP) each posted double-digit gains last week.

However, only DOGE was able to break through a significant resistance level. After gaining 34.22% last week, DOGE has broken out of a 20-month downtrendline. The move also saw the heaviest weekly volume on the breakout since May 2026, indicating real participation rather than a thin bounce.

DOGE is now testing its broken trendline and needs to hold above it for the downtrend to be confirmed over. A weekly close above this line would mark the end of the downtrend flagged in July. The next resistance stands at $0.1476, roughly 59% higher than current prices.

Pump.fun (PUMP) delivered the strongest move among the three, gaining 95.84% last week. However, its rally has run deeper and it's now trading near overbought levels. PUMP needs to defend $0.002999 to continue its upward momentum.