PEPE coin chart is currently in an uptrend following a bullish breakout from a channel up pattern. The price reached resistance at $0.000017 (also an ATH) but was rejected, presenting potential entry opportunities for traders.
Pepe Price Targets
According to altFINS analysis, traders should now look for the right entry opportunity to capitalize on the ongoing uptrend. Two possible scenarios could unfold:
Price breaks above the $0.000017 resistance, signaling a continuation of the uptrend.
Price pulls back near the $0.000013 support level, offering another swing trade entry with a potential 30% upside back to $0.000017.
Source: altFINS – Start using it today
If PEPE coin manages to break above its all-time high (ATH) of $0.0000173, the next possible resistance levels based on Fibonacci Extensions are:
$0.0000184 (61.80%)
$0.0000198 (78.60%)
$0.0000215 (100%)
$0.0000266 (161.80%)
Trend and Momentum Analysis
PEPE coin’s short-term trend is up, while both the medium-term and long-term trends are strongly up. The price is currently neither overbought nor oversold, as indicated by the RSI-14 levels (RSI > 30 and RSI < 70).
The nearest support zone for PEPE coin is $0.000012, followed by $0.0000092. On the other hand, the nearest resistance zone is $0.000015, followed by $0.0000164.
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Show more +Show less – Shiba Inu: Uptrend Continuation and Potential Swing Trade
Shiba Inu remains in an uptrend following a bullish breakout from a falling wedge pattern. The price has successfully retested the breakout and could potentially swing up to $0.000035 next.
Shiba Inu’s price is currently approaching a support level, which could cause a pause or reversal in its recent decline, at least temporarily. Support levels are often areas where the price has bounced up in the past or where prior resistance was broken (polarity concept).
Trend and Momentum Analysis
Shiba Inu’s short-term trend is down, while both the medium-term and long-term trends are up. Similar to PEPE coin, Shiba Inu’s price is neither overbought nor oversold, as indicated by the RSI-14 levels.
The nearest support zone for Shiba Inu is $0.0000225, followed by $0.000015. The nearest resistance zone is $0.000035, followed by $0.00004.
Both PEPE coin and Shiba Inu are displaying promising uptrend potential based on their recent price action and technical analysis. Traders should closely monitor these meme coins for entry opportunities, keeping in mind the identified support and resistance levels, as well as the overall trend and momentum.
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The post Meme Coin Price Predictions: PEPE and Shiba Inu (SHIB) Show Promising Uptrend Potential appeared first on CaptainAltcoin.