Malfunction Appears On the Breast Coin

Under a market-wide slowdown, the DOGE price, the largest meme coin, is experiencing a steady increase in supply. This leads to a resistance trend line and a strong secondary downward wave within a falling channel.

While sellers are examining the bullish dominance in the critical support zone at $0.1430, the chances of breaking through are getting stronger. However, an optimistic eye is hoping for a double-dip bullish reversal, as the 4H RSI line shows a bullish trend.

If the bullish momentum rises in the support zone, the DOGE price can challenge the $0.185 mark or the 50% trend-based Fibonacci level. On the other hand, a drop below $0.1430 will test the $0.1288 level.

Shiba Inu Is Trapped In A Triangle

After Dogecoin, Shiba Inu holds the second most dominant position in the meme coin industry. with a market capitalization of $ 14.80 billion, the price of #SHIB has decreased by 22% in the last seven days.

Currently, meme coin is testing the support trend line of a triangle pattern on the 1D chart with a line consisting of 4 bearish candles. However, low-range candles approaching the support trendline with decreasing volumes increase the chances of a reversal of the bullish trend.

If the reverse rally leads to an upward trend, the SHIB price may reach the $ 0.00004382 mark. On the downside, a breakdown could retest $0.00001833.

Struggles After Re-Test for #PEPE

With a rapid recovery of 21% last week, PEPE comes across as a dark horse in the meme coin sector. When resistance rises above the trend line, the frog-themed coin is struggling for a post-retest boost.

PEPE, which failed to exceed the 50% Fibonacci level in the resistance zone of $ 0.000007662 and $ 0.0000080, is showing an intraday decline of 4.19%. Considering that the upward trend in the upper breast coins has given additional impetus to Pepe, a jump above $0.0000080 October is possible.

In such a case, the uptrend may reach the $ 0.000010 mark.#Fed #Megadrop #BinanceLaunchpool