Shiba Inu & Pepe Fighting the Bearish Heat While WIF Price Leap Long—Will the Prices Emerge Out of the Odds?
Release: 2024/07/22 20:29 Reading: 670
Shiba Inu & Pepe Counter Bearish Heat While WIF Price Surges
In a bullish resurgence after a period of consolidation, the cryptocurrency market's sentiment has improved. While memecoins have been resilient, Shiba Inu and Pepe have demonstrated particular resilience against bearish pressure.
Shiba Inu (SHIB) Price Analysis
Despite a bullish weekend for most tokens, Shiba Inu struggled to reach $0.0000188. However, bearish action pushed prices down to $0.000016. Bullish momentum appears dampened, suggesting a possible pullback.
SHIB trades within a descending channel and a range-bound pattern. Neutral DMI and descending ADX indicate potential consolidation. Despite bullish RSI, the bulls lack sufficient strength.
Pepe (PEPE) Price Analysis
After a prolonged period of elevation, PEPE experienced a significant decline. Currently, it struggles to hold above the ascending support after rising above the range. Bulls remain passive, suggesting potential price drops.
The bulls consumed excessive time before initiating a rebound. However, reduced selling volume (as indicated by MACD) could lead to a slight downward pressure. The upcoming ETH ETF is anticipated to trigger an upward trend.
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