๐คฏ๐We examine the top 3 Meme coins, is the rise coming soon?๐ธ๐ถ๐
Dogecoin price is stuck around crucial support after rebounding from the levels below. Regardless of the bearish action, the price remains stuck above $0.1, which suggests the top memecoin is ready for the next price action.
The $DOGE price maintained its trade within a descending triangle and the recent bearish trend dragged the levels below the support. However, the RSI has rebounded from the lower support and is heading towards the average, which may lift the levels within the triangle and push it to the apex. As the price reaches the apex, it may trigger a bullish rebound and rise above $0.12.
The Shiba Inu price has been trading within a bearish descending parallel channel and has remained stuck along the average bands of the channel. However, the second-largest memecoin is close to triggering a bullish rebound and may head towards the upper resistance very soon.
The price is trying very hard to breach above the average bands of the channel but is constantly failing to do so. The MACD is about to turn bullish as the selling volume has faded to a large extent. A bullish crossover may compel the price to maintain a healthy upswing towards the local resistance at $0.0000188, which coincides with the upper resistance of the channel. If the bulls display strength, a breakout could be imminent.
$PEPE price has dropped below the pivotal support but is displaying a huge possibility of a bullish continuation. The technicals have turned bullish and hence the price is expected to maintain a healthy ascending consolidation to reach the apex and trigger a breakout.
The PEPE price has risen back above the crucial 200-day MA levels in a short while, which suggests the token is ready for a quick upswing. The price is expected to maintain a healthy upswing and reach the apex of the ascending triangle and hence is believed to trigger a breakout.
