Here’s What’s Next For Dogecoin (DOGE), Shiba Inu (SHIB) & Pepe (PEPE) Prices
Release: 2024/07/29 22:52 Reading: 926
Memecoin Price Predictions: DOGE, SHIB, and PEPE
Amidst a bullish market, memecoins are gaining momentum.
Dogecoin (DOGE)
DOGE has surpassed psychological barriers and retraced, signaling a potential uptrend. The price has stabilized above $0.13, with a bullish target of $0.15. Bulls appear determined to maintain the upward trend, although a minor hurdle may delay the rally.
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Technical indicators point to a sustained bull run, with the RSI trending upwards and the Ichimoku cloud turning bullish. DOGE is expected to consolidate at higher levels and break through $0.145. Failure to do so could result in a pullback below $0.12.
Shiba Inu (SHIB)
Despite market volatility, SHIB has shown resilience within a descending channel. The price is stabilizing within a limited range, resisting a decline. If selling pressure eases, SHIB could rebound towards $0.00002.
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However, technical indicators suggest potential losses. The DMI is indicating a bearish crossover, and the Bollinger bands are contracting. SHIB may continue a horizontal consolidation until volume recovers. Significant price movements are unlikely, with minor fluctuations around $0.000018.
Pepe (PEPE)
PEPE has maintained strength despite bearish activity, establishing a solid base. Bulls may remain conservative initially before initiating a sharp uptrend.
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Recent weakness has pushed PEPE below the ascending trend line. The MACD is turning bearish, suggesting a potential decline. Failure to recover the trend line could result in a drop to $0.00001. Conversely, a surge could propel PEPE towards its peak, triggering further upward momentum.
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