đ±đšWill Meme Coins DOGE, SHIB, PEPE Drop in May?
For a more decisive analysis, let's look at the price analysis of the best breast coins.
In the order of retreat, the #DOGE price action shows an intense downward trend, cracking under the critical support zone of $ 0.145. With a larger bearish channel in play, the increased supply creates a secondary channel in it and challenges the $0.13 level.
The daily RSI line falls below the oversold zone, reflecting the fluctuation in supply pressure. The MACD and signal lines that support this view are in a negative trend.
If the meme coin falls below $ 0.13, sellers will test the decreasing support trend line closer to the psychological support of $0.11 or $ 0.10. Optimistically, the bullish trend can revive a positive cycle and reach the $0.18 mark.
The Triangular Distribution of #ShibaInu
With the supply tsunami hitting most altcoins, the SHIB price trend is trending downward. The breast coin displays a cast of a symmetrical triangle pattern on the 4-hour chart.
The meme coin has fallen almost 10% in the last 24 hours, resulting in a 25% drop in the last 30 days. As the fault marks a selling point, the chances of a decline increase, and the SHIB price may fall below the psychological mark of $ 0.000020.
On the other hand, retesting the broken trend line can be a comeback moment for buyers to take control of the trend.
#PEPE Channel Retesting Is Getting Longer
Amid the collapsing meme coinage, the PEPE price action shows the upward trend of a falling channel struggling to take off. The breakout rally returns for a retest from the 50% Fibonacci correction level.
reversing from $ 0.000007662, the retest brings the PEPE price closer to the Fibonacci level of $0.0000060 by 23.60%. With intraday declines of 4.94% and 9.37% last night, the frog-themed coin is under extreme pressure. The decline may cause a deterioration of $ 0.0000060.
