The meme coin sector is experiencing a powerful resurgence in early 2026, with major tokens like Bonk (BONK), Shiba Inu (SHIB), and FLOKI (FLOKI) leading a significant market-wide rally. This revival follows a prolonged downtrend that saw the memecoin market cap hit historical lows in December 2025.
Bonk (BONK) has emerged as a standout performer, with its price surging approximately 60% over just a few days. The token has decisively broken out of a descending wedge pattern, a technical formation typically signaling the start of a bullish trend. This marks the first bullish flip for BONK in months. At the time of reporting, BONK trades around $0.00001215 with a market capitalization of $1.06 billion. Its rally, ongoing for over five days, has pushed the Relative Strength Index (RSI) above 75, indicating overbought conditions that could precede a correction, with potential support at the $0.0000100 psychological level.
Shiba Inu (SHIB) has also begun 2026 on a strong bullish note, rallying over 30% within a week to trade at approximately $0.000008980. On-chain data reveals significant accumulation, with over 35.6 million SHIB quietly withdrawn from the Binance exchange over the final five months of 2025, signaling renewed demand from large investors. SHIB has broken out of its own descending wedge pattern and is attempting to breach a key supply zone at $0.00001080, which could pave the way toward a target of $0.00001180.
FLOKI (FLOKI) has joined the rally, gaining over 40% in a week and breaking out of a multi-month downtrend. Currently trading at $0.00005623, it is aiming to clear the next crucial resistance level at $0.00005700. Analysts note it is building bullish momentum and may be forming a pattern of higher highs and higher lows.
The broader memecoin market capitalization has jumped from $40 billion to $48 billion in just a few days, according to CryptoQuant, signaling a dramatic recovery from the lows of late 2025. This period marked the end of the previous memecoin season, which peaked in November 2024, followed by over a year of declining dominance within the altcoin market. The current lows are reminiscent of the levels from which the last major memecoin season launched, leading to speculation that another sustained rally may be beginning.
