These 3 Coins Are Leading the Meme Coin Rally: DOGE, SHIB, PEPE
Release: 2024/09/28 23:44 Reading: 370
- Original author：Crypto News Land
- Original source：https://cryptonewsland.com/?p=183128
Meme Coin Rally Surge: Dogecoin, Shiba Inu, and Pepe Lead the Charge
September 28, 2024
Technical indicators suggest a potential bullish trend for meme coins, but caution is advised. Resistance levels should be monitored for informed trading decisions amid market fluctuations.
Dogecoin (DOGE)
Dogecoin has broken out of a falling wedge pattern and is trading around $0.123. A breakout confirmation could lead to a 15% rally, targeting the $0.141 resistance level.
The MACD indicator supports this bullish outlook, but the RSI is near the overbought zone, indicating a potential pullback. Support levels can be found around $0.115 and $0.078.
Shiba Inu (SHIB)
Shiba Inu has surged 29% after breaking out of a symmetrical triangle. It currently holds steady at around $0.000019.
If prices remain above $0.000016, SHIB could retest $0.000020 and potentially reach $0.000023. The MACD also supports this trend, but the RSI is overbought, signaling a possible price correction.
Support lies at $0.000014 and $0.000012.
Pepe (PEPE)
Pepe has gained 12% to trade at $0.0000106 after breaking through Fibonacci levels. Holding above $0.0000104 could trigger a 23% rally to its July high of $0.0000131.
Bullish momentum is indicated by the MACD and RSI, but with the RSI over 70, a price correction may be on the horizon. Support can be found at $0.0000078 and $0.0000069.
Caution for Investors
While Dogecoin, Shiba Inu, and Pepe are leading the meme coin rally, market volatility could lead to significant price swings. Investors should exercise caution and monitor key resistance levels for informed trading decisions.
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