DOGE & PEPE Prices Fight the Bears: Will the Trend Flip After the Fresh CPI Rates Conceal?
Release: 2024/08/14 15:05 Reading: 366
DOGE and PEPE Surge Despite Market Headwinds
In response to recent PPI rates, Bitcoin initially surged above $61,000. However, the rally was short-lived, with bears regaining control. Amidst the market turbulence, DOGE and PEPE have performed exceptionally well, while SHIB, WIF, and FLOKI struggle to sustain gains.
Pepe (PEPE)
PEPE has maintained an upward trend along an ascending trend line. Despite bearish pressure, it strives to stay above current levels and reach the maximum of its bullish consolidation.
The PEPE price chart shows a battle between bulls and bears. The StochRSI indicates upward momentum, but the price is still hovering near the trend line. If support at the trend line fails, PEPE could drop to $0.00000750. Alternatively, it could consolidate and rise to $0.0000925.
Dogecoin (DOGE)
DOGE trades within a falling wedge, reaching crucial levels that could trigger a drop below $0.1. However, it has held this support level, suggesting a possible bullish trend if support is maintained.
The DOGE price chart indicates an upward trend, but concerns remain about potential support loss as it approaches its peak. The stochastic RSI suggests a bearish crossover, hinting at an imminent pullback. Nonetheless, DOGE could maintain support at $0.10040 and rebound.
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