After the last post about Elon Musk's tweet affecting the market of the memecoins like $DOGE or $PEPE , which a lot of you saw and gave a mixed reaction, I decided to prepare this analysis of these memecoins (beyond his tweets) because I understand a lot of you are invested or want to invest in these coins.
DOGE&PEPE... A *well deserved* analysis for those in... *especially after last post about Elon
A few days ago I posted about how Elon Musk tweet affects the market of these memecoins. A lot of you saw that and got mixed reactions (CLICK_HERE to see that post)
I understand some of you are investing or want to invest in these coins. So I decided to prepare a very analytical analysis to you. I hope this helps...
DOGE 🐶 $DOGE
• Price: $0.3874 as I am preparing this article or look below👇
• 24-hour trading volume: $2,689,406,901.14
• Market Cap: Approximately $58.27 billion.
• RSI (14-day): 50.9, indicating *NEUTRAL conditions, neither overbought nor oversold.
• MACD: The MACD line is below the signal line, suggesting bearish momentum.
Moving averages
• 50-day MA is above the 200-day MA, suggesting a bullish trend on longer timeframes.
• However, on a 4-hour chart, it is trading slightly below its 50-period EMA, indicating possible short-term bearish pressure.
Technical outlook
• DOGE is within an ascending channel pattern, showing that buyers currently have control.
• A potential breakout above $0.48 could lead to a significant upward move, possibly to $0.60.
Support/Resistance
• Support levels are seen around $0.31 and the 50-week EMA at $0.18.
• Resistance is currently at $0.48, where strong sell orders might be placed.
*There's some uncertainty with Bitcoin's consolidation, but DOGE has shown resilience. With expectations of further growth if market conditions improve.
PEPE 🐸 $PEPE
• Price: Around $0.000020 or look👇
• Market cap: Briefly surpassed $8.3 billion, indicating strong interest.
• RSI (14-day) sits at 53.08, neutral but with room for upward movement without entering overbought territory.
• The MACD has shown a bullish crossover. But the histogram's peaks are shallow, suggesting a limited momentum for further *immediate gains.
Moving averages
• Trading above the 20-day EMA ($0.000021) indicating short-term bullish movement.
• The 50-day SMA could act as significant support if prices retreat.
Technical outlook
• PEPE has been testing resistance at $0.000027, showing a battle between bulls and bears.
• Bullish signals are strong with the RSI in positive territory and moving averages trending upwards.
Support/Resistance
• Immediate support around $0.000024, with further support at the 20-day EMA.
• Resistance is at $0.000027, with potential for a move to $0.000035 if broken.
* PEPE has decoupled from broader market trends, showing strong community support and whale activity, suggesting confidence in its short-term trajectory.
Predictions *short term 🔮
DOGE
• Bullish case… If it breaks above the resistance at $0.48, there could be a push towards $0.60 or more in the short term
• Bearish case… If it fails to hold above $0.30, a drop back to $0.27 or even $0.22 could occur, especially if there's a broader market correction or negative news impacting the crypto space.
PEPE
• Bullish case… If PEPE manages to stay relevant within the meme culture, expand its utility, or form strategic partnerships, it could see its value skyrocket. A potential 50x (even more) increase isn't out of the realm of possibility if meme coin trends continue.
• Bearish case… The meme coin market is volatile. Without sustained interest or if newer, more hyped projects show up, PEPE could see its gains diminish over time.
❗️*Regardless, FORGET almost half of what I have said based on what Elon Musk tweets. Like for real… It’s that sensitive
#PEPE
#doge⚡
#Market_Update
I understand some of you are investing or want to invest in these coins. So I decided to prepare a very analytical analysis to you. I hope this helps...
DOGE 🐶 $DOGE
• Price: $0.3874 as I am preparing this article or look below👇
• 24-hour trading volume: $2,689,406,901.14
• Market Cap: Approximately $58.27 billion.
• RSI (14-day): 50.9, indicating *NEUTRAL conditions, neither overbought nor oversold.
• MACD: The MACD line is below the signal line, suggesting bearish momentum.
Moving averages
• 50-day MA is above the 200-day MA, suggesting a bullish trend on longer timeframes.
• However, on a 4-hour chart, it is trading slightly below its 50-period EMA, indicating possible short-term bearish pressure.
Technical outlook
• DOGE is within an ascending channel pattern, showing that buyers currently have control.
• A potential breakout above $0.48 could lead to a significant upward move, possibly to $0.60.
Support/Resistance
• Support levels are seen around $0.31 and the 50-week EMA at $0.18.
• Resistance is currently at $0.48, where strong sell orders might be placed.
*There's some uncertainty with Bitcoin's consolidation, but DOGE has shown resilience. With expectations of further growth if market conditions improve.
PEPE 🐸 $PEPE
• Price: Around $0.000020 or look👇
• Market cap: Briefly surpassed $8.3 billion, indicating strong interest.
• RSI (14-day) sits at 53.08, neutral but with room for upward movement without entering overbought territory.
• The MACD has shown a bullish crossover. But the histogram's peaks are shallow, suggesting a limited momentum for further *immediate gains.
Moving averages
• Trading above the 20-day EMA ($0.000021) indicating short-term bullish movement.
• The 50-day SMA could act as significant support if prices retreat.
Technical outlook
• PEPE has been testing resistance at $0.000027, showing a battle between bulls and bears.
• Bullish signals are strong with the RSI in positive territory and moving averages trending upwards.
Support/Resistance
• Immediate support around $0.000024, with further support at the 20-day EMA.
• Resistance is at $0.000027, with potential for a move to $0.000035 if broken.
* PEPE has decoupled from broader market trends, showing strong community support and whale activity, suggesting confidence in its short-term trajectory.
Predictions *short term 🔮
DOGE
• Bullish case… If it breaks above the resistance at $0.48, there could be a push towards $0.60 or more in the short term
• Bearish case… If it fails to hold above $0.30, a drop back to $0.27 or even $0.22 could occur, especially if there's a broader market correction or negative news impacting the crypto space.
PEPE
• Bullish case… If PEPE manages to stay relevant within the meme culture, expand its utility, or form strategic partnerships, it could see its value skyrocket. A potential 50x (even more) increase isn't out of the realm of possibility if meme coin trends continue.
• Bearish case… The meme coin market is volatile. Without sustained interest or if newer, more hyped projects show up, PEPE could see its gains diminish over time.
❗️*Regardless, FORGET almost half of what I have said based on what Elon Musk tweets. Like for real… It’s that sensitive
#PEPE
#doge⚡
#Market_Update
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
DOGE
0.35259
-9.41%
PEPE
0.0000186
-11.51%
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