🐶🐸💰Will Meme Coins DOGE, SHIB, PEPE Decrease In May? 🐾🐾🐾

For more decisive analysis, let's take a look at the price analysis of the best meme coins.

In order of retreat,#DOGEprice action shows a strong downtrend, cracking below the critical support zone of $0.145.

With the larger bearish channel underway, increased supply will create a secondary channel within it and challenge the $0.13 level.

The daily RSI line is below the oversold zone, reflecting fluctuations in supply pressure. The MACD indicator and signal lines supporting this view are trending negative.

If the meme coin falls below $0.13, sellers will test the descending support trendline closer to the psychological support of $0.11 or $0.10. Optimistically, the uptrend could revive a positive cycle and reach the $0.18 mark.

Triangular distribution of #ShibaInu

With the supply tsunami hitting most altcoins, the SHIB price trend is trending downward. The breast coin displays a symmetrical triangle pattern on the 4-hour chart.

The meme coin has dropped nearly 10% in the past 24 hours, leading to a 25% decline in the past 30 days. Because of the selling point marking error, the possibility of a price drop will increase and SHIB price could fall below the psychological mark of 0.000020 USD.

On the other hand, a retest of the broken trendline could be the moment of a comeback for buyers to take control of the trend.

#PEPE Channel rechecks are getting longer and longer

Amid the collapsing meme coin, PEPE price action shows the upward trend of a falling channel trying to take off. The breakout rally returns to retest the 50% Fibonacci correction.

Reversing from 0.000007662 USD, the retest brought PEPE price closer to the Fibonacci level of 0.0000060 USD by 23.60%. With an intraday drop of 4.94% and 9.37% last night, the frog-themed coin is under extreme pressure. The drop could cause a drop of $0.0000060.