Why this California Meme Coin Ruling Could Trigger a DOGE, SHIB And Pepe Coin Rally

The hype around meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) has faded over the last three months. Due to less buzz around these coins, the total meme coin market cap has dropped by 16% in the last three months to $36.28 billion at press time. However, the recent dismissal of a class-action lawsuit could shift the tide for the price of DOGE, SHIB, and PEPE.

Meme Coins Score Regulatory Win in California Court

A California judge has ruled that a meme coin dubbed JENNER is not a security. This meme coin was launched by a former Olympian known as Caitlyn Jenner, who was being accused of offering unregistered securities.

In the ruling, Judge Stanley Blumenfeld said that the meme coin did not meet all the requirements necessary for it to be classified as a security. He said the investors did not agree to share profits and losses, and they did not contribute any resources as a form of capital or investment.

The judge’s ruling mirrored a statement that the SEC released in February last year regarding the regulatory status of meme coins, clarifying that they are not securities.

Regulatory wins such as the recent one in California usually have a bullish effect on DOGE, SHIB, and PEPE prices. For example, in late February last year, after the SEC’s guidance on meme coins, Dogecoin price registered an over 20% surge within a few days.

DOGE Price Targets $0.112 if Resistance Breaks

DOGE price traded at $0.097 at press time with a 1.7% intraday loss. It is targeting a breakout rally to $0.112, but this will only happen if the resistance at $0.10 breaks. Dogecoin has been attempting to break this resistance level for the last two months without much success.

The $0.10 resistance also doubles up as the neckline of a rounding bottom. This means that if the meme coin can surge above this level, it might register a 13% surge to $0.113 before the end of April.

An earlier analysis by CoinGape noted that if DOGE can hold support at $0.090, a breakout above $0.10 will happen, making it more likely that the rounding bottom will play out.

The RSI indicator, however, shows that buyers became hesitant after the price of DOGE reached the $0.10 resistance level again. If they fail to fuel the breakout, the 12% rally from the rounding bottom’s neckline might fail to play out.

SHIB Price Confirms Bullish Breakout

Recently, SHIB established a symmetrical triangle pattern on the daily chart, and now a breakout has been confirmed. After SHIB moved above the resistance at $0.00000622, it is now testing it as support. If it holds, a 19% move to $0.00000743 may happen before the end of April 2026.

The rise of the ADX line is also confirming this bullish forecast. It shows that even if the price rally for this DOGE rival is cooling off to test support, the uptrend remains strong.

PEPE Price Faces $0.0000040 Barrier as OI Soars

Pepe coin price has been facing resistance at the $0.0000040 psychological barrier. This level has failed to break since early February. This situation shows that sellers have been taking profits whenever PEPE gets close to $0.0000040, and a break above could trigger the next bullish leg.

The rising open interest presents a unique case for PEPE to breach this resistance. At press time, PEPE’s OI stood at $225 million, its highest level since late February. If the price rises in tandem with the OI, it will create a bullish long-term PEPE price forecast.

What’s Next for DOGE, SHIB, and PEPE Price Due to Regulatory Win?

In summary, the price outlook for DOGE, SHIB, and PEPE shows that a bullish breakout is looming. Besides regulatory clarity, developments such as the upcoming TRUMP meme coin conference and the rollout of cashtags on X could drive rallies.

However, the main driver of gains across the meme coin space will be the broader market performance. In most cases, meme coins tend to track Bitcoin’s price, and if BTC maintains the upward trajectory, DOGE, SHIB, and PEPE will also likely surge.