Shiba Inu & Pepe Fighting the Bearish Heat While WIF Price Leap Long—Will the Prices Emerge Out of the Odds?

Shiba Inu and Pepe Battle Market Volatility While WIF Surges

The cryptocurrency market is regaining bullish momentum after a period of consolidation. Memecoins have been resilient despite bearish pressures, with Shiba Inu (SHIB) and Pepe (PEPE) showing signs of recovery, while Dogwifhat (WIF) maintains a positive trajectory.

Shiba Inu Price Analysis

SHIB struggled to reach $0.0000188 over the weekend but later declined to trade around $0.000016. Bearish momentum may lead to further pullbacks.

Technical indicators suggest a neutral DMI, a descending ADX indicating consolidation, and a bullish RSI. However, the impact of bullish sentiment appears limited. SHIB trades within a descending parallel channel with range-bound levels.

Pepe Price Analysis

PEPE experienced significant bearish pressure after a period of gains. The token is struggling to maintain resistance above its former range. Bulls appear passive, suggesting a potential price decline.

After rebounding from lows, the bulls delayed action before entering the range. The MACD shows a decrease in selling volume, which may temporarily depress prices. Market participants have taken profit from PEPE, but the upcoming ETH ETF is expected to revive an uptrend and drive prices towards new highs.