Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE show signs of potential rally after Bitcoin's recovery.Market capitalization of memecoins increased by 7% to $133 billion with rising trading volume.Factors contributing to DOGE's recovery include liquidation of over-leveraged trades and a bullish long-to-short ratio.Positive spikes in Bitcoin's profit/loss metric suggest possible capital rotation to memecoins, further boosting demand.