We already said last week there’s a real chance Bitcoin will range for a few weeks.
And usually, when BTC ranges… something interesting happens.
Liquidity rotates.
While the king moves sideways, meme runners wake up.
Last week we placed a bet on ZRO. So far, we’re underwater. However, our stop loss hasn’t been hit. I’ll give a full update at the end for anyone who tailed.
Meanwhile, while it was Valentine’s Day… some memes decided to print green candles.
Today we’re looking at:
Let’s break down these meme runners and see what’s actually happening.
We break down the prohibilities: Is it possible to start with $10 and run it up to $1 million in a day on Polymarket with Clawdbot?
Doge – The Godfather of Meme Runners
Dogecoin is still the godfather of memes.
On February 6th, DOGE dipped to $0.08.
By Sunday, it bounced to nearly $0.12.
That’s almost a 50% move in a week.
Most of the power came in the last few days. From Wednesday to Sunday, price ran from $0.087 to almost $0.12. Now we’re seeing a slight pullback, with DOGE testing the critical $0.10 support.
The $0.10 Line in the Sand
DOGE trades around $0.1027 as of writing.
It’s down roughly 10% in 24 hours, but still up on the week.
Key structure:
- $0.1175 rejection triggered the correction
- Breakdown below $0.1120 and $0.1080 accelerated downside
- $0.10 now acts as major horizontal support
- 100-hour moving average still holding
There’s double confluence around $0.10.
We have horizontal support and a forming bullish trendline.
Buyers are stepping in there.
If $0.10 holds, we could see another short-term push higher.
If it breaks decisively, downside opens fast. Meme coins don’t drift slowly.
Higher Timeframe Structure
On the daily, DOGE broke a descending trendline and is now retesting it as support. That’s textbook breakout behavior.
On the weekly timeframe, analysts are watching a large wedge formation. Previous wedge breaks led to sharp upside expansions.
Will history repeat?
No guarantees.
But $0.10 is the level separating renewed optimism from extended weakness.
PEPE – Volume Explodes 283%
Pepe didn’t just bounce.
It exploded.
Price surged 29.3% to around $0.00000433.
Volume jumped 283% in 24 hours to $1.07 billion.
That’s serious speculative rotation.
There was no fundamental catalyst.
Momentum and social chatter drove the move.
Creator activity increased 17% week-over-week. Whales accumulated trillions of tokens early in the move.
Open Interest climbed from under $200M to nearly $1B before cooling off. Now positioning is rebuilding above $400M.
That tells you leveraged traders are stepping back in cautiously.
The broader memecoin sector rebounded sharply as well.
When high-beta tokens move first, it usually signals rising risk appetite.
Right now, PEPE is acting as the leadership proxy for meme runners.
Sustainability depends on volume staying elevated. If turnover fades, rotation likely slows.
Related: $ETH on its important $2k level.
USELESS – Small Cap, Big Energy (And Strong Coinbase Volume)
Useless Coin is much smaller than DOGE or PEPE.
But that’s exactly why it’s interesting.
We first mentioned it during its previous multi-week run, when it multiplied several times in a short period.
Since then, it never left our watchlist.
Now it’s moving again.
USELESS rallied over 30% in 24 hours.
Trading volume spiked 243%.
And here’s the big part:
It has done $35 million in volume in the last 24 hours, on just a $41 million market cap.
That’s extremely high turnover.
The Coinbase Angle
Out of that $35M volume, $5.4 million came from Coinbase.
That is not a small detail.
For a $41M market cap meme coin, strong Coinbase volume matters a lot.
When retail opens the Coinbase app on a big green Bitcoin candle, they scroll through trending tokens. A small-cap coin doing millions in volume suddenly becomes visible.
Even more interesting:
USELESS has been 2nd in meme volume on Coinbase for weeks in a row, despite being much smaller than many other listed meme tokens.
That consistency shows recurring retail attention.
Not just one random spike.
For a meme runner, that kind of exposure is fuel.
Exchange and On-Chain Dynamics
- Long/Short ratio moved from 0.91 to 1.01
- Bybit showed 2.26 (bullish dominance)
- Binance and OKX above 1.50
- Gate.io at 0.625 (profit-taking pressure)
Large buys averaged over $20K.
One Solana KOL bought around $100K worth.
The largest sell was $43K and barely impacted price.
Bulls are currently absorbing supply.
The $0.05 Test
USELESS is now testing the $0.05 resistance.
A clean break opens the path toward $0.07.
Long-term trend reversal still requires reclaiming $0.13.
That’s still far away.
So let’s stay realistic.
Right now, this is momentum inside a broader bearish structure.
But strong volume relative to market cap plus sustained Coinbase attention?
That’s how meme runners are born.
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My USELESS Trade
With meme runners heating up, I wanted some exposure.
Especially seeing the turnover and Coinbase strength.
But memes turn fast.
So stop loss is mandatory.
Entry: 0.04102
Stop: 0.02966
Target: 0.13
Risk-Reward: 8.48R
Wide stop means smaller position.
I never risk more than 1% of my portfolio per trade.
On higher timeframes, this move still looks small compared to previous expansions.
If momentum continues and $0.05 breaks, upside can accelerate quickly.
As for DOGE and PEPE, I’m mostly scalping lower timeframes right now. No clear swing setup for me yet.
Also, today is a U.S. holiday. Traditional markets are closed. That often increases crypto volatility due to thinner liquidity.
ZRO Trade Update
Full transparency.
We are heavily underwater on ZRO.
But our stop has not been hit.
I used a wide stop because the token had already pumped hard when we entered. I preferred being positioned rather than sidelined.
Wide stop equals smaller size.
Always.
On low timeframes, the chart looks bad.
On higher timeframes, it’s still technically a higher low from February 7th.
If price holds around the 1.65 region, this could still form an ABC structure.
There’s a real chance we get stopped.
But if we bounce here, the thesis remains intact.
Risk is predefined.
Emotion stays out of it.
Final Words
BTC ranging creates opportunity.
Meme runners are often the first to react when liquidity rotates.
DOGE defends $0.10.
PEPE leads with explosive volume.
USELESS shows strong turnover and real Coinbase traction.
Is this the start of a bigger meme cycle?
Too early to call.
But when memes start running while BTC chops… I pay attention.
Manage risk.
Use stops.
And remember — memes reward speed, not conviction.
If you enjoyed this blog, check out our blog on the Bitboy’s rise and fall.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
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