Here’s What’s Next For Dogecoin (DOGE), Shiba Inu (SHIB) & Pepe (PEPE) Prices

Memecoins Surge Amidst Market Bullishness

As the cryptocurrency market exhibits bullish sentiments, memecoins are gaining momentum, buoyed by the prospect of Bitcoin reaching $70,000 and Ethereum approaching $3500.

Dogecoin (DOGE) Price Analysis

DOGE has recently surpassed a psychological barrier of $0.13, completing a retracement that signals a potential uptrend. The bulls are expected to maintain an ascending trend, targeting $0.15. However, a minor resistance level may temporarily hamper the rally.

Technical indicators suggest a bullish continuation:

• The price has breached a descending trend line and entered a bullish phase.
• The RSI shows a strong uptrend.
• The Ichimoku cloud is on the verge of flipping to bullish.

DOGE is expected to consolidate upwards and enter a decisive range above $0.145. If the bulls fail to maintain this level, a pullback below $0.12 may occur.

Shiba Inu (SHIB) Price Analysis

SHIB remains relatively unaffected by market fluctuations within a descending parallel channel. The selling pressure has eased, but the price has stalled, attempting to prevent further bearishness.

Technical indicators are mixed:

• The DMI indicates a potential bearish crossover.
• The Bollinger bands are contracting after a period of relaxation.

SHIB is expected to consolidate horizontally until volume increases. Significant price movements are unlikely, except for minor fluctuations below $0.000018.

Pepe (PEPE) Price Analysis

Despite recent bearish activity, PEPE has established a solid base. The bulls may temporarily retreat before initiating an uptrend.

Technical indicators show weakness:

• The price has fallen below an ascending trend line and is struggling to reclaim it.
• The MACD is turning bearish.

If the bulls fail to gain control above the trend line, bears may push PEPE down to $0.00001. However, a successful recovery could propel PEPE to its previous highs and trigger a new uptrend.