Meme Coins Price Analysis: Upcycles For DOGE, PEPE, SHIB?

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　　Meme Coins Price Analysis: Upcycles For DOGE, PEPE, SHIB？

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　　The post Meme Coins Price Analysis: Upcycles For DOGE, PEPE, SHIB？ appeared first on Coinpedia Fintech News

　　With a broader market slowdown, the meme coins are struggling to pull off any major recovery moves. As any signs of recovery in the market face a quick rise in supply due to profit booking, a healthy correction might now be carcinogenically bearish.

　　Breakdown Looms Over The #1 Meme Coin

　　Under a market-wide slowdown, the biggest meme coin, DOGE price, is experiencing a regular supply rise. This leads to a resistance trendline and a strong secondary bearish wave within a falling channel.

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　　As the sellers examine the bullish dominance at the critical support zone at $0.1430, the breakdown chances are growing stronger. However, an optimistic eye hopes for a bullish reversal with a double bottom as the 4H RSI line shows a bullish divergence.

　　If the bullish momentum spikes at the support zone, the DOGE price could challenge the $0.185 mark or the 50% trend-based Fibonacci level. On the flip side, a downfall under $0.1430 will test the $0.1288 level.

　　Shiba Inu Trapped In A Triangle

　　Following Dogecoin, Shiba Inu holds the second most dominant position in the meme coins sector. With a market cap of $14.80 billion, the SHIB price has decreased by 22% in the last seven days.

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　　Currently, the meme coin tests the support trendline of a triangle pattern in the 1D chart with a streak of 4 bearish candles. However, the low-range candles approaching the support trendline with declining volumes increase the chances of a bullish reversal.

　　If the reversal rally leads to a bullish breakout, the SHIB price could hit the $0.00004382 mark. On the downside, a breakdown might retest the $0.00001833.

　　Post-Retest Struggles For PEPE

　　With a quick 21% recovery last week, PEPE comes as a dark horse in the meme coins sector. As it breaks above the resistance trendline, the frog-themed coin struggles for a post-retest surge.

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　　Failing to surpass the 50% Fibonacci level at $0.000007662 and the $0.0000080 resistance zone, PEPE shows an intraday drop of 4.19%. Considering a bullish reversal in the top meme coins provides additional momentum to PEPE, a jump beyond $0.0000080 is possible.

　　In such a case, the uptrend could hit the $0.000010 mark.