1. Following Bitcoin's climb to $69k, memecoins surged 5% with notable trading volume.
2. DOGE sees a 6% increase, potentially targeting $0.35 after breaking $0.2 resistance.
3. $SHIB rises 3.5% and surpasses its 25-day moving average, aiming to maintain above $0.00002772 for confirmation.
4. WIF takes the lead with an 8% surge, eyeing its all-time high of $3.6 and possibly reaching $10.
Dogecoin Analysis:
Dogecoin has seen significant progress, currently trading around $0.1945 with a 6% increase over the last day and a notable 9% spike in trading volume. The cryptocurrency has displayed resilience despite encountering psychological resistance between $0.195 and $0.2. Investors should note a bullish pin bar candlestick on April 5, indicating active buying around the $0.167 support. While breaking above $0.2 may pose a challenge, it could pave the way for Dogecoin to target its $0.35 objective.
Shiba Inu Update:
Shiba Inu exhibits a 3.5% increase, priced at approximately $0.00002817, rebounding from the $0.00002408 support level. Although its rebound isn't as pronounced as Dogecoin's, Shiba Inu has surpassed its 25-day moving average at $0.00002772, hinting at bullish strength. To confirm stability, however, it needs to achieve a close above $0.00002772. Nonetheless, in the medium to long term, Shiba Inu is likely to remain bullish as long as it maintains above $0.00002404.
DogWifHat Performance:
WIF demonstrates robust performance, surging by around 8% and outpacing both DOGE and SHIB. The cryptocurrency has been on a bullish trajectory for over a month, recently surpassing PEPE to become the third-largest memecoin by market capitalization. Notably, WIF rebounds nearly perfectly off the 25-day moving average and is attempting to break and close above its previous all-time high of approximately $3.6. A successful breach could pave the way for a rally towards $10.