The prices of Dogecoin (DOGE) and Pepe (PEPE) have returned to test key support levels
On Thursday, Dogecoin (DOGE) and Pepe (PEPE) prices fell more than 10% on the week and returned to test key support levels. For DOGE, this support is located around $0.35, which coincides with the 50-day exponential moving average and the 61.8% Fibonacci retracement level. If this support holds, DOGE could recover to $0.41. However, the RSI shows strong bearish momentum. PEPE also retested key support around $0.000018, close to the 50% price retracement and daily support level. A recovery could take PEPE to $0.000024, but RSI also shows bearish momentum. Both memecoins need bullish support and sustained RSI above neutral to confirm a recovery.
