The cryptocurrency market is gaining momentum, with Bitcoin (BTC) climbing 3% to reclaim $105,000 after the Federal Reserve held interest rates steady at 4.25%-4.50%. Riding on BTC’s strength, memecoins Pepe (PEPE) and Dogecoin (DOGE) have also turned green, though both remain in recovery mode — PEPE has shed 22% in the last 60 days, while DOGE is down 37%.

PEPE: Following a Familiar Bullish Script?

According to analyst @ChandlerCharts, PEPE is mirroring its 2023/24 price cycle, where a steep 50% correction preceded a massive rally. The 2024/25 cycle has already seen a 60% dip, aligning with last year’s movements.

Notably, PEPE bottomed out following the January 31 FOMC meeting in 2024, and a similar post-FOMC bounce is now unfolding after the January 29, 2025, rate decision. With the RSI echoing its past breakout pattern, PEPE could be on the verge of another major surge.

DOGE: Accumulation Before Liftoff?

Crypto analyst @TATrader_Alan highlights DOGE’s recurring market cycles, likening its current price action to past accumulation phases in 2017 and 2021. Each cycle saw an extended consolidation period followed by an explosive rally.

With higher lows forming and a trendline breakout mirroring previous setups, DOGE could be setting the stage for a major move, with targets ranging from $3,00 to $5,00.

The Road Ahead

Both PEPE and DOGE are showing strong historical correlations with past bullish cycles. With Bitcoin leading the market’s rebound, these memecoins may be primed for their next breakout. However, traders should keep an eye on key resistance levels and macroeconomic conditions before making any moves.