Top Performing Meme Coins: DOGE, SHIB and PEPE Price Analysis

The post Top Performing Meme Coins: DOGE, SHIB and PEPE Price Analysis appeared first on Coinpedia Fintech News

With Bitcoin inching closer to the $38,000 breakout, the high hopes of a Bitcoin spot ETF approval drive the market. In resonance with the market recovery, the top meme coins perform extremely well and highlight breakout entry opportunities. As the altcoins are rising higher, the growing demand fuels a bull run in the meme coins like DOGE, SHIB and PEPE. 

So, let’s have a closer look at the Top Performing Meme Coins.

1. Dogecoin (DOGE)

Source – TradingView

As the #1 meme coin per market cap, the DOGE price trend sustains a positive trajectory following the falling wedge breakout. The breakout rally approaches the overhead resistance at $0.0819 with an intraday growth of 5.12%. The DOGE coin price trades at $0.080 and forms a bullish engulfing candle teasing a breakout rally above $0.0819.

Being one of the top meme coins, the DOGE price rally accounts for a 38% jump in the last 30 days, and the uptrend surpasses the 50D and 200D EMA. Moreover, the growing bullish influence teases a golden crossover event shortly. 

Following the $0.0819 breakout, the Dogecoin price may accomplish the $0.10 psychological mark. On the flip side, a reversal can dump the DOGE price to $0.070.

2. Shiba Inu (SHIB)

Source – Tradingview

SHIB price trend displays a quick bullish reversal in the daily chart to challenge the overhead resistance trendline. With a 32% recovery, the bullish rally retests the 200D EMA and approaches the $0.0000090 mark. 

Moreover, the recent pullback to the 200D EMA lacks volume support. This increases the possibility of a bullish continuation leading to a trendline breakout. Further, the bullish crossover between the 50D and 200D EMA increases with the ongoing uptrend. 

The uptrend challenges the long-coming resistance trendline and increases the possibility of a breakout rally in one of the top meme coins. 

3. PEPE

Source- TradingView

The PEPE coin price action shows a bullish turnaround following the bearish channel breakout. The trending meme coin shows a positive comeback recovery of 90% in the last 28 days. Moreover, the meme coin forms a bullish flag pattern that hints at an uptrend continuation. 

The meme coin price shows a bullish trend in the 50D EMA and teases a double-bottom reversal. Further, the daily RSI line sustains above the halfway line despite the short-term decline due sideways trend in the PEPE price trend. 

In conclusion, the Top Meme Coins are displaying a strong bullish comeback and teasing a breakout entry point shortly. Moreover, the golden crossover possibilities support the uptrend possibilities.