Dogecoin and Pepe recovered strongly

The cryptocurrency market has seen extreme volatility this week, with Dogecoin (DOGE) and Pepe (PEPE) prices falling more than 10%. However, both meme coins have quickly recovered and are retesting key support levels. Bitcoin has also recovered impressively, increasing 3.9% and reaching a price of $98,147.96 in 24 hours. For Dogecoin, key support lies at $0.35, which coincides with the 50-day exponential moving average (EMA) and the 61.8% Fibonacci retracement. If this support holds, DOGE could grow 13.5% to reclaim Tuesday's high of $0.41. For Pepe, key support lies at $0.000018, which coincides with the 50% retracement from the November 4 low to all-time high (ATH). If PEPE bounces from this level, it could rally 28% to retest Monday's high of $0.000024.

If PEPE bounces from this level, it could rally 28% to retest Monday's high of $0.000024. However, caution is warranted as both coins' relative strength index (RSI) is below the neutral level of 50, suggesting that selling pressure remains significant.