$DOGE , $PEPE , $SHIB Price Action: DOGE's Surge, PEPE's Channel, SHIB's Rally
The meme coin market is in a cooling phase as traders secure profits following a strong rally. Here’s a quick breakdown of the key players:
🔸 #Dogecoin Uptrend Remains Intact
Despite a recent pullback, DOGE's bullish momentum stays strong. Analysts are still eyeing a 160% surge, with a target of $0.73 as the next major resistance. After bouncing off its support zone, the OG meme coin’s upward trajectory remains solid. 🚀
While some traders are trimming positions to manage risk, the overall trend shows the bullish sentiment is far from over. 📈
🔸 #PEPE 's Channel Holds Key
PEPE is clinging to its trend channel, and this is where the action gets interesting. Experts warn that a breakdown could see prices crash toward the 0.000016 zone, leading to more selling pressure. 🧐 Maintaining the channel is crucial for any upward momentum.
The 4-hour chart shows a clear upward trend with resistance at the upper boundary—PEPE must break through this to continue its bullish journey. 📊
🔸 #SHİB Approaches Resistance, Eyes Breakout Potential
SHIB is testing a critical resistance level. If it breaks through, expect a potential rally, pulling in fresh capital and market interest. 💥 If it fails, we could see consolidation as traders wait for a clearer direction.
With profit-taking taking center stage, the next few days are pivotal for these meme coins: Will DOGE hit its target? Will PEPE hold its channel? Or will SHIB break through resistance to ignite a fresh rally? ⏳
