PEPE’s breakout from a falling wedge signals potential for a 31.91% bullish upside move.
DOGE forms a bullish pennant, indicating momentum to reach its psychological target level.
SHIB’s Fibonacci analysis suggests it may follow DOGE’s path toward higher targets.
The crypto market is witnessing an increase in bullish sentiment, particularly for top meme coins like PEPE, Dogecoin (DOGE), and Shiba Inu (SHIB). Technical chart patterns signal potential upward price movements for these assets, highlighting opportunities for traders and investors. Recent analyses by Clifton Fx, ZAYK Charts, and Ali Martinez shed light on these developments, offering insights into the price action and key targets for each token.
PEPE Breaks Falling Wedge Pattern
Clifton Fx’s analysis on the PEPE/USDT chart, using a 2-hour timeframe, reveals the emergence of a falling wedge pattern. This formation, characterized by downward-sloping resistance and support lines, often signals a bullish continuation. The breakout occurred as PEPE’s price moved above the resistance line, indicating growing bullish momentum.
The chart projects a potential upside to $0.00002600, representing a 31.91% gain from the breakout point. At this writing, PEPE is trading at $0.0000211, marking an 8.74% increase over the last 24 hours and a 6.53% gain in the past week. With a 24-hour trading volume of $6,747,004,567, PEPE’s price action reflects increased activity and investor interest following the breakout.
DOGE Forms Bullish Pennant
In a separate analysis, ZAYK Charts identifies a bullish pennant formation on DOGE/USDT’s 4-hour chart. This pattern emerges after a strong upward surge, followed by consolidation within converging trendlines. Such formations often precede the continuation of the prevailing bullish trend.
DOGE’s chart suggests a price target of $0.50, a significant psychological level. The measured move aligns with the flagpole’s height, supporting the projection. During this press, DOGE is trading at $0.3933, rising 1.96% in the last 24 hours and 6.28% over the past seven days. With a 24-hour trading volume of $10,002,627,877, DOGE continues to maintain strong trading momentum.
SHIB Mirrors DOGE’s Historical Trend
Ali Martinez’s analysis compares the price action of SHIB and DOGE using Fibonacci retracement levels on the weekly timeframe. The analysis highlights structural similarities between SHIB’s current movements and DOGE’s historical trends, suggesting a potential for SHIB to follow DOGE’s path toward higher Fibonacci extensions.
If SHIB follows this trajectory, the next significant target aligns with the 0.786 Fibonacci level at $0.00049. As of press time, SHIB is priced at $0.00002486, with a 24-hour trading volume of $1,642,124,806. The price represents a 3.03% increase in the last 24 hours and a 4.00% rise over the past week, reflecting growing optimism among market participants.
The post PEPE, DOGE & SHIB Signal Meme Coin Frenzy: Wild Rally Ahead appeared first on CryptoTale.
