Meme Coin Price Analysis: Is it time for DOGE, PEPE, SHIB to rise?
Malfunction Appears On the Breast Coin
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Under a market-wide slowdown, the DOGE price, the largest meme coin, is experiencing a steady increase in supply. This leads to a resistance trend line and a strong secondary downward wave within a falling channel.
While sellers are examining the bullish dominance in the critical support zone at $0.1430, the chances of breaking through are getting stronger. However, an optimistic eye is hoping for a double-dip bullish reversal, as the 4H RSI line shows a bullish trend.
If the bullish momentum rises in the support zone, the DOGE price can challenge the $0.185 mark or the 50% trend-based Fibonacci level. On the other hand, a drop below $0.1430 will test the $0.1288 level.
Shiba Inu Is Trapped In A Triangle
After Dogecoin, Shiba Inu holds the second most dominant position in the meme coin industry. with a market capitalization of $ 14.80 billion, the price of #SHIB has decreased by 22% in the last seven days.
