Memecoins Consolidating: DOGE, PEPE, & SHIB Prices to Enter Buying Zone Shortly

The Crypto Market: A Bullish Spell

Cryptocurrency markets are experiencing a surge in bullish sentiment, particularly led by Bitcoin's recent strength. Ethereum's price surpassed $3,000 but fell short of $4,000, while Bitcoin reached new highs near $93,500. Here are altcoins to watch closely in the coming days:

Dogecoin (DOGE)

Dogecoin's price has resumed an upward trend after breaking above consolidation near $0.36. Bears may push for a short-term correction, but bulls need to gather momentum to sustain the rally. A breakout past resistance could negate the bearish trend, offering a potential buying opportunity.

Pepe (PEPE)

PEPE price surged over 125% after breaking out of a symmetrical triangle. After a brief consolidation period, bulls defended the rally, preventing a significant price drop. The token is expected to resume an upward trend once bullish momentum strengthens.

Shiba Inu (SHIB)

SHIB trading activity has been subdued, with selling volume exceeding buying volume in recent weeks. Bears are actively suppressing SHIB's growth, which could hinder a substantial rally.

Technical Analysis

Dogecoin (DOGE)

• Daily chart suggests a bullish pennant breakout.
• RSI indicates increasing bullish momentum, but MACD shows a decline in buying volume.
• Potential pullback to $0.35 before a surge towards $0.6.

Pepe (PEPE)

• Price broke out of a multi-month consolidation, signaling potential bullish continuation.
• Bullish pennant formation suggests consolidation before a further rise to $0.00003.

Shiba Inu (SHIB)

• Consolidated within a symmetrical triangle.
• RSI indicates bullish momentum, while OBV shows a pullback.
• Support at $0.00002 could trigger a rebound, while a bullish breakout could push prices to $0.00004.