Price: $0.39724 -1.2111%
Market Cap: 58.31B 1.9636%
Volume (24h): 17.41B 0.4%
Dominance: 1.9636%
Price: $0.39724 -1.2111%
Market Cap: 58.31B 1.9636%
Volume (24h): 17.41B 0.4%
Dominance: 1.9636% 1.9636%
  • Price: $0.39724 -1.2111%
  • Market Cap: 58.31B 1.9636%
  • Volume (24h): 17.41B 0.4%
  • Dominance: 1.9636% 1.9636%
  • Price: $0.39724 -1.2111%
Home > Information news > DOGE and PEPE Drive the Memecoin Rally: Upside Targets Revealed

DOGE and PEPE Drive the Memecoin Rally: Upside Targets Revealed

Release: 2024/11/14 15:58 Reading: 577

Original author:CoinPedia News

Original source:https://coinmarketcap.com/community/articles/6735a6d58f7962463a575b8e

DOGE and PEPE Drive the Memecoin Rally: Upside Targets Revealed

Meme Coins Surge: Dogecoin and Pepe Lead the Charge

As the meme coin market cap reaches $116 billion, Dogecoin (DOGE) and PEPE have emerged as frontrunners. Dogecoin has soared by nearly 250% in the past 30 days, while PEPE has experienced a remarkable 100% growth in the past 24 hours.

With Dogecoin's market cap approaching $58 billion and PEPE standing at $10.21 billion, speculation arises about their potential to drive the next crypto market surge.

PEPE Eyes $0.00010 Barrier

PEPE's daily chart indicates a breakout from a falling channel pattern. Two consecutive bullish engulfing candles have propelled it above the 38.20% Fibonacci level.

Its bullish rally has led to a price jump of over 200%, challenging the 50% Fibonacci level at $0.000025. PEPE currently trades at $0.000024 with an intraday gain of 17.79%, setting a new all-time high of $0.00002567.

The bull run commenced with a morning star pattern near $0.00000718, resulting in nine consecutive bullish candles. The breakout from the falling channel forms a bullish flag pattern, indicating significant potential.

Moreover, PEPE's recent listing on Coinbase and Robinhood has fueled bullish sentiment. The weekly MACD and signal lines also support a positive crossover. According to Fibonacci levels, PEPE's upside target is set at $0.0000104, potentially replicating its bullish run of early 2024.

Dogecoin (DOGE) Aims for $1

Similar to PEPE, Dogecoin has exhibited a bullish rally. In the weekly chart, five consecutive bullish candles have led to a 253% price increase.

The bull run emerged near the $0.111 mark, with a morning star reversal from the $0.10 psychological level. DOGE has surpassed the 78.60% Fibonacci level at $0.3468 and currently trades at $0.39368 with a week-to-date gain of 41.65%.

This movement marks a rounding bottom breakout rally, supported by a 61.80% Fibonacci level neckline. Dogecoin's 52-week high and the positive MACD and signal line crossover indicate strong buying pressure.

Heading towards its all-time high of $0.7390, DOGE's momentum suggests a new high. Fibonacci retracement tools indicate upside targets at $1 and $2.38.

For more Dogecoin price predictions, refer to our comprehensive analysis.

FAQs

What are the upside targets for Dogecoin?

Based on Fibonacci retracement levels, Dogecoin's upside targets are $1 and potentially $2.38.

What support levels and patterns contribute to PEPE's bullish rally?

The rally began with a morning star pattern and a falling channel breakout. PEPE currently challenges the 50% Fibonacci level, demonstrating solid bullish support.

What drives PEPE's current price surge?

A falling channel breakout rally, two consecutive bullish engulfing candles, and a positive MACD signal line crossover contribute to PEPE's price surge.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.