Shiba Inu Can Reflect Price Volatility of DOGE
Data shows that the outflow of funds from the Shiba Inu exchange is increasing. This data indicates that the total number of SHIB tokens transferred to other wallets is just over 1.67 trillion SHIB or about $41 million. This situation is traditionally followed by a price increase of Shiba Inu, supported by prior outflow trends.
Shiba Inu also closely reflects the price volatility of Dogecoin (DOGE). DOGE is predicted to rise further, partly due to Elon Musk's involvement with the Trump administration, and Shiba Inu may follow suit. With DOGE expected to rise further, partly due to Elon Musk's involvement in the Trump administration, Shiba Inu may follow. Dogecoin has tripled in value after significant price increases, raising hopes that Shiba Inu could experience similar growth. Several factors, including these trends, are likely to impact the future price trajectory of SHIB.
Pepe Witnesses Price Increase of Over 100% in 7 Days
Pepe shows strong bullish signals that could push the price higher in the coming months. The daily chart of Pepe displays a cup and handle pattern, with resistance at $0.00001721 — this pattern is historically a bullish sign for Pepe.
Memecoin has also surpassed the 50-day and 200-day exponential moving averages. This indicates that buyers are still dominant in the market. A bullish engulfing candle pattern has also formed on the yearly price chart of Pepe. This pattern shows a large green candle covering the previous red candle, often indicating a price breakout.
Pepe Coin may increase and retest this month's high of $0.000025, a target higher by about 23% compared to the current price. Pepe will confirm the double top pattern if it surpasses this level, potentially leading to additional gains.