😱 Memecoins Expected to Rise in August: Time to Shine Amid Market Uncertainty 🔥
Dogwifhat (#WIF)
Dogwifhat ($WIF) is currently trading between $1.83 and $1.86, with uncertainty over whether bears or bulls are in control. The price has fallen nearly 11% over the past week, indicating bearish pressure, but it has shown promise with a 77% growth over the past six months. If the price can break past the $3.12 resistance level, it might climb further to around $3.69, representing over 30% growth from the current range. The nearest support level is $1.97, offering a safety net, while the Relative Strength Index (RSI) at 43.16 indicates WIF is heading towards being oversold. This suggests a potential bounce if buying pressure increases.
Dogecoin (#DOGE)
Dogecoin's price movement is currently in a tight range of $0.11 to $0.14, experiencing a balanced tug of war between bulls and bears. It has stalled around the $0.13 mark, matching both its 10-day and 100-day moving averages. The RSI sits at 47.31, suggesting a neutral stance. The recent one-week price has dipped by over three percent, but there has been a six-month surge of roughly 58%. Key levels to watch are the nearest resistance at $0.15 and support at $0.11. If bulls gain momentum, $DOGE could potentially rise by about 50%, reaching approximately $0.21.
Shiba Inu (#SHIB)
Shiba Inu ($SHIB) is currently trading between $0.00001517 and $0.00001814, hinting at potential growth despite recent sluggishness. The nearest resistance levels are at $0.00001949 and $0.00002199, with support at $0.00001447 and $0.00001196. Both the 10-day and 100-day moving averages suggest stability, while an RSI of 43.28 indicates room for upward momentum. Although SHIB has dropped by around 4-5% over the past week and month, it has surged by over 80% in the past six months. If bulls regain strength, SHIB could reach its first resistance, marking a 40-60% increase.
