No matter how much MEME falls now, you must hold on and don’t be tempted! International players are dumping MEME one after another, preparing to have a prosperous year. At this time, we will wait for them to create a "gold pit" and seize the opportunity. The top MEME may be the best entry point!
PEPE coin is a frog-themed coin that has rapidly risen in popularity thanks to its astonishing growth and strong community support. Its market value has exceeded 10 billion U.S. dollars, making it a leader among Meme coins and one of the top cryptocurrencies.
In particular, Musk's attention, he frequently used $PEPE emoticons on social media and published related tweets many times, which greatly promoted the price increase of PEPE coins. As the promoter of Dogecoin, Musk's support has injected new vitality into PEPE and attracted the attention of more investors.
Although the future of PEPE coin is full of uncertainty and market volatility still exists, its rise in the Meme coin field has proved its unique position and potential.
If PEPE can fall back to 1743 and form a daily double bottom or W bottom, it will be expected to challenge the previous high or create a new high. To achieve this goal, PEPE must break through 2472 at the 4-hour level before it can rise further to 2693, 2836 or higher.
Dogecoin DOGE has risen thanks to the star effect of Musk and Trump!
After the rise in December, Dogecoin began to pull back, and it is expected that there will be no major breakthrough in 2024. The main driving force of DOGE comes from the news, especially Trump's inauguration, the dynamics of the D.O.G.E department and Musk's remarks. If the news that Tesla supports Dogecoin trading is confirmed, it may be a breakthrough moment for Dogecoin. Don't sell easily on January 20th!
Technically, $DOGE has fallen below the sideways bottom support of 0.3886. There was a bullish trend last night, but the daily line failed to recover. The short-term rebound target is 0.39-0.396. It needs to break through 0.396 at the four-hour level to stop the decline. Otherwise, it may continue to fall to 0.365 and 0.34 support. The weekly support is to be confirmed.
Let’s take a look at the popular Shiba Inu SHIB!
SHIB price retreated to $0.000026 yesterday and failed to stay above the 21-day EMA and it may test the 50-day SMA of $0.000025.
Despite the current weakness, $SHIB is still in an upward channel, and a short-term rebound is still possible if long funds intervene. The recent increase in whale activity indicates that the participation of large investors may bring about market changes. If it breaks through the recent lows and challenges a new high of $0.000090, SHIB may experience a parabolic rebound.
According to the Fibonacci extension, SHIB is expected to rise 10 times and exceed $150 billion in market value. Although the goal is high, it is not unattainable, especially when Bitcoin breaks through $200,000. A strong recovery is expected at the beginning of the year.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.