Shiba

Shiba Inu

The post <a href="https://coinpedia.org/price-analysis/meme-coins-price-analysis-upcycles-for-doge-pepe-shib/" rel="noopener noreferrer nofollow">Meme Coins Price Analysis: Upcycles For DOGE, PEPE, SHIB?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With a broader market slowdown, the meme coins are struggling to pull off any major recovery moves. As any signs of recovery in the market face a quick rise in supply due to profit booking, a healthy correction might now be carcinogenically bearish.&nbsp;
Let’s look at the price analysis of top meme coins for a more decisive analysis. And, find out if the meme coins will register a jump this week.&nbsp;
<h2 class="wp-block-heading" id="h-breakdown-looms-over-the-1-meme-coin">Breakdown Looms Over The #1 Meme Coin&nbsp;</h2>
Under a market-wide slowdown, the biggest meme coin, DOGE price, is experiencing a regular supply rise. This leads to a resistance trendline and a strong secondary bearish wave within a falling channel.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/AAjfgVKwUVSqg-t8e3Q90CQy7UiZyK5kcHypolWODOp7ilKys1w1khvY_hfX5c-LZNsVGT15VlTkH0_M6TfHLOBJnYrq5544B9BsldSigJ4vHI_P3sk1gZ38xky-d6mVJvXxloMQSN7PsK3XD2tvh0M" alt="">
</figure>
<a href="https://www.tradingview.com/x/kyeT4gJq/" rel="noopener noreferrer nofollow">Tradingview</a>
As the sellers examine the bullish dominance at the critical support zone at $0.1430, the breakdown chances are growing stronger. However, an optimistic eye hopes for a bullish reversal with a double bottom as the 4H RSI line shows a bullish divergence.&nbsp;
If the bullish momentum spikes at the support zone, the DOGE price could challenge the $0.185 mark or the 50% trend-based Fibonacci level. On the flip side, a downfall under $0.1430 will test the $0.1288 level.&nbsp;
<h2 class="wp-block-heading" id="h-shiba-inu-trapped-in-a-triangle">Shiba Inu Trapped In A Triangle</h2>
Following Dogecoin, Shiba Inu holds the second most dominant position in the meme coins sector. With a market cap of $14.80 billion, the SHIB price has decreased by 22% in the last seven days.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/fR4EXQwMOV1RpCy0dZlxK0thgYnUJE-boECbRURrXCibydVXE5_eJqRXzuZhIGjJ8nUeidE3rbBW7c7Kamug6_2V4BwXuyRT7Cn4zGWk6MqTxQSp0taXZXcTzC-X4epDBcBZ2iQ4epuprwdGUaajXXY" alt="">
</figure>
<a href="https://www.tradingview.com/x/gKjJebit/" rel="noopener noreferrer nofollow">TradingView</a>
Currently, the meme coin tests the support trendline of a triangle pattern in the 1D chart with a streak of 4 bearish candles. However, the low-range candles approaching the support trendline with declining volumes increase the chances of a bullish reversal.&nbsp;
If the reversal rally leads to a bullish breakout, the SHIB price could hit the $0.00004382 mark. On the downside, a breakdown might retest the $0.00001833.&nbsp;
<h2 class="wp-block-heading" id="h-post-retest-struggles-for-pepe">Post-Retest Struggles For PEPE </h2>
With a quick 21% recovery last week, PEPE comes as a dark horse in the meme coins sector. As it breaks above the resistance trendline, the frog-themed coin struggles for a post-retest surge.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/V6bnMaFMmnSy0qcD52hfj-kA7e93FTh7Krlno1AJSmjukPzgFEBADcpEiRuc_bAWIllnjTHmjH-VYzlrEHcX-ALVnFySNf-5V5-X9ggPNUJejpgkzox9YHhGY3Jnw7cjvp3oa_WWUZAaSoormCcUSNk" alt="">
</figure>
<a href="https://www.tradingview.com/x/4lNRU1QN/" rel="noopener noreferrer nofollow">TradingView</a>
Failing to surpass the 50% Fibonacci level at $0.000007662 and the $0.0000080 resistance zone, PEPE shows an intraday drop of 4.19%. Considering a bullish reversal in the top meme coins provides additional momentum to PEPE, a jump beyond $0.0000080 is possible.&nbsp;
In such a case, the uptrend could hit the $0.000010 mark.&nbsp;

Meme Coins Price Analysis: Upcycles For DOGE, PEPE, SHIB?

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