Memecoins
Here’s What’s Coming to Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) Prices
Memecoins are gaining strength as markets turn bullish after Bitcoin showed the possibility of hitting $70,000 anytime from now. Furthermore, Ethereum price is strongly heading towards $3,500, increasing the possibility of hitting $4,000 in a short while. As a result, memecoins have also become aware of upcoming price action, which is flying a bullish flag. Popular ones like DOGE and SHIB have shown bullish divergence after remaining stagnant for a long time, while Pepe is about to start a new bullish period.
Dogecoin (DOGE) Price Analysis
Dogecoin has broken through the psychological barrier in the past few days and has also made a retracement, which has opened the door for an upcoming uptrend. The price has secured levels above $0.13, suggesting that the token is preparing to reach $0.15. However, a small barrier could hamper the rally’s progress, but the bulls seem set to maintain a strong uptrend ahead.
THE DOGE Price Dogecoin price has broken above the descending trendline and entered a new bullish period. The RSI maintains a strong uptrend while the Ichimoku cloud is about to flip to the upside. Therefore, Dogecoin price is likely to maintain an upward consolidation and enter the decisive range above $0.145. Here, the bulls are likely to show strength; otherwise, another pullback below $0.12 seems imminent.
Shiba Inu (SHIB) Price Analysis
Regardless of the current market fluctuations, Shiba Inu price appears to have remained largely unchanged as the rally remains within a descending parallel channel. SHIB Price Shiba Inu price is stuck in a certain price range, within the channel, trying to avoid an excessive downtrend. Now that the selling pressure has been reduced, will Shiba Inu price trigger a rebound and reach $0.00002?
The current trading setup suggests that the price could see more losses in the coming days as the DMI is about to trigger a bearish crossover. Furthermore, the Bollinger Bands are contracting again after experiencing some relaxation. Therefore, the SHIB price is likely to maintain a horizontal consolidation until the volume regains some momentum. Until then, no major price action can be expected, instead of minor fluctuations below $0.000018.
Pepe (PEPE) Price Analysis
THE Pepe Prize The token has maintained significant strength since the beginning of the year and despite an increase in bearish activity, it seems to have found a solid base. Therefore, the bulls could remain slightly passive for a while, followed by a strong uptrend.
The recent bearish action has caused the price to fall below the ascending trendline and fail to reclaim the levels within the ascending triangle. Moreover, the MACD is turning bearish as the levels are about to undergo a bearish crossover, which may trigger a new downtrend. Therefore, if the bulls fail to reclaim the levels above the trendline, the bears may push the levels back to $0.00001. Otherwise, a successful surge could put the PEPE price at its peak, which could further trigger a new uptrend.