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June 18, 2024
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Memecoin Mania Makes A Come-Back; SHIB, DOGE, PEPE Price Surge High-Here are the Next Targets

The post Memecoin Mania Makes A Come-Back; SHIB, DOGE, PEPE Price Surge High-Here are the Next Targets appeared first on Coinpedia Fintech News

Ever since the Pepe coin has made huge noise since its inception within the markets, the other meme coins have remained under significant consolidation. Moreover, popular coins like Shiba INU and Dogecoin maintained a fine descending trend. The recent bullish push has helped these tokens to recapture the levels above the crucial resistance, hinting towards the revival of a fine bullish trend ahead. 

Pepe (PEPE) 

  • The PEPE price has broken out of the descending parallel channel and also surpassed the crucial resistance at the 100-D EMA at $0.00000107
  • The token is presently facing a minor bearish action as the RSI underwent a bearish divergence after marking highs within the overbought zone
  • The MACD is still bullish and manifests the rising buying volume, which may keep the rally elevated
  • Even though the price may trigger a fine upswing, a breakout may not be validated until it secures levels above $0.00000206

Shiba Inu (SHIB) 

  • Shiba Inu’s price has dropped below crucial support at $0.0000077 in the recent past as massive uncertainties hovered over the crypto space
  • However, for the past few days, the bulls have displayed immense bullish momentum and have kept the rally elevated
  • The price has now resumed an upswing after plunging down from the bearish descensing triangle
  • Hence, after the retracement, a bullish upswing appears to be mandatory but securing levels above $0.00000945 may validate a recovery and lift the price above $0.00001

Dogecoin (DOGE) 

  • The Dogecoin price has been trading within a descending trend ever since it faced rejection from the yearly highs of $0.105
  • Moreover, the recent bullish push has lifted the price above the crucial falling wedge and is trying hard to test the 0.236 FIB level at $0.07.
  • Woefully, the bulls appear to have drained and hence the upswing toward the next FIB levels may be delayed for a while
  • Besides, the bulls are required to hold their strength at $0.08, as here the trend gets reversed as it has happened multiple times before. A successful breach of these levels may pave the way to reach $0.1 in no time.

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