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The post <a href="https://coinpedia.org/price-analysis/meme-coins-price-analysis-breakout-runs-for-doge-pepe-shib/" rel="noopener noreferrer nofollow">Meme Coins Price Analysis: Breakout Runs For DOGE, PEPE, SHIB?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As the Bitcoin price struggles to find bullish momentum in almost a week post-Halving, the meme coins offer a better opportunity. With a breakout rally in motion and others offering trend reversals, smart investors are hoping for a bullish 2024.&nbsp;
Will the meme coins make a jump this week for a new bull run? Let’s find out now in our meme coins price analysis below.
<h2 class="wp-block-heading" id="h-the-1-meme-coin-aims-for-triangle-breakout">The #1 Meme Coin Aims For Triangle Breakout</h2>
With a substantial market capitalization of $21.61 billion, Dogecoin remains the leading meme coin and the 8th largest altcoin by market size. Currently trading at $0.1501, DOGE has experienced a significant drop of 31.83% from its monthly high of $0.22.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/P6kSgcpZ-z-pNB5NB08ybRX4oyfrTCqLdGJNDS8BBhIwktGrJnV7FhjTiFIyugegynKijEAL6PoIcQfdAAY1EcZJ9-25e4nWhaI8dKFyAiy0ZPFbZ4fKgm9PAByVGEjoTLy-LVvLzizuqSmQTkrbphw" alt="">
</figure>
<a href="https://www.tradingview.com/x/IdXG90gR/" rel="noopener noreferrer nofollow">Tradingview</a>
Amidst a market-wide correction phase with scant bullish momentum, Dogecoin’s price action on the 4-hour chart is forming a triangular pattern. The trend appears weak as it approaches the support trendline and hovers near the $0.1470 demand zone.&nbsp;
Nonetheless, increasing interest from institutional investors in meme coins could potentially spearhead a robust recovery for Dogecoin. If the positive cycle gains momentum, an optimistic breakout rally could catapult DOGE back to the pivotal $0.20 mark, signaling a strong upward movement.
<h2 class="wp-block-heading" id="shiba-inu-shib">Shiba Inu (SHIB)</h2>
Ranking as the second biggest meme coin after DOGE, the SHIB price trend showcases a triangle pattern in the 4H chart. With a positive cycle struggling for a breakout, Shiba Inu prepares a doubles bottom reversal at the 61.80% Fibonacci level.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/6XzQFptH-7XfhD8VNRH5avCjK9LI69xR4odzFeN-2Zi_BzC7XSJIe-ZqPAyRzWDF1cRwXaFLgDsdOVdnSGtaJLDEnehTHI5pXTDhcdf16ImL4bc5YaGbd63sduueSkBrbnTa6ejpCn8jac0ZhRUnGog" alt="">
</figure>
<a href="https://www.tradingview.com/x/MTA2LBLT/" rel="noopener noreferrer nofollow">TradingView</a>
Further, the MACD indicator is on the verge of a bullish crossover, bolstering the breakout possibility. Even the improving market sentiment projects a potential turnaround in SHIB prices.&nbsp;
In case of a bullish breakout, the SHIB price could hit the $0.00004382 mark.&nbsp;
<h2 class="wp-block-heading" id="pepe-pepe">PEPE (PEPE)</h2>
Despite a broader market weakness, this frog-themed meme coin offers a high likelihood of a bull run with this breakout rally. With a $3.18 Billion market cap, PEPE stands in the top 50 altcoins. Trading at $0.000007550 and an overnight jump of 7.31%, the recovery rally in PEPE leads to a channel breakout rally.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/HFxlfKsLnsyqPtp-R1IlI8N-oYMe5qPZNt6uNjlu2uOELhBfV2v09JGAB3v5erw4K-oV5cMuyKBYdgspVegtjAvLeC0ftLPeXV_XvLYDlRSM_UGds0ZLWA07Y1xYoA2-3Ag66nDfzOHQU_l0HI99LMU" alt="">
</figure>
<a href="https://www.tradingview.com/x/kiWGkkih/" rel="noopener noreferrer nofollow">TradingView</a>
As the meme coin forms a double top at the 50% Fibonacci level, the sideliners anticipate post-retest reversal. Optimistically, the breakout rally could reclaim the psychological mark of $0.000010.&nbsp;

Meme Coins Price Analysis: Breakout Runs For DOGE, PEPE, SHIB?

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