DOGE, SHIB, PEPE blasts post BTC $44k rally, What’s happening?

Amid the ongoing crypto bull run, apart from Bitcoin’s massive surge on Wednesday, December 6, 2023, meme tokens showed a significant increase. According to recent data from CoinMarketCap, popular meme crypto tokens, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), individually surged over 15%.

Notably, Dogecoin’s 10th anniversary marked a significant milestone for the meme token, with its community experiencing a surge of over 16% in the last 24 hours. It may be attributed to the current bull run and the potential approval of a spot Bitcoin ETF. However, it has also been observed that to celebrate this 10th anniversary, the community has organized a party in a virtual space.

Additionally, Dogecoin’s 10th-anniversary support also influenced PEPE and SHIB, leading to significant price surges. As of the current writing, the

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Looking at Dogecoin over a longer period, according to CoinMarketCap, in the last 28 days, DOGE has demonstrated an impressive 44% upside price movement. On its 10th anniversary on December 6, 2023, at the time of writing, it experienced over 16% upside price movement.

According to expert technical analysis, the current DOGE token price is encountering strong resistance near $0.1052. Earlier in March 2023, Dogecoin reversed from this resistance level. Since May 2022, the DOGE token price has consolidated in a range of $0.055 and $0.105.

If this upside movement receives support for one more day and breaches $0.1052, DOGE token holders may experience a staggering surge, possibly touching the $0.15 level. At present, DOGE is observed to be moving above its 200 Exponential Moving Average (EMA), indicating strong bullishness.

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