If DOGE closes above $0.083, the coin could start moving towards $1.

If the bulls sustain the buying momentum, SHIB could jump to $0.000008.

PEPE is overbought, but the price may continue to hover around $0.000001.

This year, the global meme coin market value has suffered a loss of about $3 billion. Although they have experienced declines in certain periods, some cryptocurrencies, including Dogecoin (DOGE), Shiba Inucoin (SHIB), and Pepecoin (PEPE), are currently showing signs of a new round of rebound. In the past 24 hours, the price of SHIB has increased by 2.39%. Meanwhile, DOGE has risen slightly to $0.06, while the price of PEPE has increased by 2.41%.

Dogecoin (DOGE)

There are several factors supporting DOGE’s rise. Historical data shows that October is usually a good month for the coin. In addition, technical analyst Ali Martinez pointed out on October 13 that DOGE is approaching the apex of a descending triangle. According to his analysis, if DOGE closes above $0.083, it could move towards the important price target of $1.

Furthermore, the 4-hour chart of DOGE/USD shows a bullish market structure, especially since October 12, with more buying than selling. If this momentum can continue, then DOGE will likely sustain levels well above $0.048. Furthermore, there is solid support at $0.057.

Furthermore, the Relative Strength Index (RSI) is currently at 58.92, which shows that DOGE has good buying momentum. If the RSI moves above 60.00, then DOGE is likely to reach $0.08.

Shiba Inu

SHIB's market structure, similar to DOGE, is currently showing a bullish trend. The price has risen to around $0.0000070, but then there was some profit-taking, pulling the price back to $0.0000069. However, the bullish market sentiment was not affected too much, and they regained control of the market again, pushing the price up to $0.0000070.

This upward trend is also reflected in the AO. As of now, the AO value is 0.00000012. In short, when the AO is negative, it means that the 34-period moving average (MA) is above the 5-period moving average.

However, since the AO is positive, it means that the 5-period MA is above the 34-period MA. Therefore, the momentum for SHIB remains bullish. If the current momentum remains intact, there is a possibility that the price will rise to $0.000008.

PEPE

Over the past 4 hours, sellers have completed profit-taking and previously caused the token price to drop sharply. Now, PEPE long traders are back in the market again. As of now, the price of PEPE is very volatile as shown by the Bollinger Bands (BB), which suggests that the price may experience significant volatility in the short term.

However, traders may need to be careful when opening long positions in PEPE because according to the upper Bollinger Band (BB) line, the price of PEPE has reached $0.000001, which means that this memecoin is already overbought.

Nonetheless, the price of PEPE may continue to fluctuate around $0.000001 until a massive buying or selling momentum emerges.