DOGE and PEPE Target Key Levels 🐕🐸

Dogecoin (DOGE) and Pepe (PEPE) are testing critical support levels after a 10% drop this week, presenting potential opportunities for sideline investors. Both memecoins show signs of weakness, so traders should proceed cautiously.

Dogecoin Outlook 🐕

DOGE hit an annual high of $0.48 on December 8 but dropped 23% in the following days. It retested its 50-day EMA at $0.35 on Tuesday, aligning with the 61.8% Fibonacci retracement level, a key reversal zone. By Thursday, DOGE had rebounded slightly to $0.36.

If the $0.35 support holds, DOGE could gain 13.5% to revisit $0.41. However, if it drops below $0.34, DOGE may decline another 7% to $0.31, its next support.

Pepe Outlook 🐸

PEPE reached an ATH of $0.000028 on December 9 but fell 26.6% over nine days. On Thursday, it retested the 50% retracement at $0.000018, which aligns with daily support at $0.000017.

A rebound off $0.000018 could see PEPE rally 28% to $0.000024. However, a close below $0.000017 might lead to a 6.8% drop, retesting weekly support at $0.000016.

Trade cautiously and watch these levels closely! 🚨

#MarketPullback #GrayscaleSUITrust #MarketCorrectionBuyOrHODL? #USUALTradingOpen