Dogecoin (DOGE) Price Shows Fake Bullish Divergence, While PEPE Price Gears Up for the Next Leg Up!

Dogecoin (DOGE) Price Exhibits Deception: Bullish Divergence vs. Potential Downtrend

Amidst the ebb and flow of the market, Dogecoin's price has faced a setback. It recently breached a crucial symmetrical triangle, leading to a loss of approximately 10% of its value. Currently, DOGE consolidates within a narrow range, attempting to alleviate bearish pressures.

Technical indicators suggest a potential for further decline. Bollinger bands indicate dominant bearish force, with the price likely to drop to $0.12. This could trigger a subsequent bullish movement.

Pepe (PEPE) Price Gears Up for Ascending Surge

In contrast to Dogecoin, Pepe's price has gained momentum, displaying bullish technicals. It has formed an ascending trend after reaching new highs, followed by a correction represented by a falling wedge.

The Relative Strength Index (RSI) has initiated a bullish recovery, indicating a potential breakout above the $0.000013 resistance. If this level is breached, PEPE's price may gain further bullish momentum.