Will Meme Coins DOGE, SHIB, PEPE Drop in May?
For a more decisive analysis, let's look at the price analysis of the best breast coins.
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In the order of retreat, the #DOGE price action shows an intense downward trend, cracking under the critical support zone of $ 0.145. With a larger bearish channel in play, the increased supply creates a secondary channel in it and challenges the $0.13 level.
The daily RSI line falls below the oversold zone, reflecting the fluctuation in supply pressure. The MACD and signal lines that support this view are in a negative trend.
If the meme coin falls below $ 0.13, sellers will test the decreasing support trend line closer to the psychological support of $0.11 or $ 0.10. Optimistically, the bullish trend can revive a positive cycle and reach the $0.18 mark.
The Triangular Distribution of #ShibaInu
With the supply tsunami hitting most altcoins, the SHIB price trend is trending downward. The breast coin displays a cast of a symmetrical triangle pattern on the 4-hour chart.
The meme coin has fallen almost 10% in the last 24 hours, resulting in a 25% drop in the last 30 days. As the fault marks a selling point, the chances of a decline increase, and the SHIB price may fall below the psychological mark of $ 0.000020.
On the other hand, retesting the broken trend line can be a comeback moment for buyers to take control of the trend.
