bullish

Dogecoin

PEPE

Shiba Inu

<p>The crypto markets are in the middle of a fresh bullish spell as the top tokens have been manifesting acute strength, majorly Bitcoin. With this, Ethereum's price also rose above $3000 but failed to reach $4000, even though the BTC price managed to mark new highs close to $93,500. Here are the altcoins which are required to be closely monitored until the end of the week.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-dogecoin-doge-nbsp">Dogecoin (DOGE)&nbsp;</h2>   
<p>The <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">Dogecoin price</a> has revamped a strong ascending trend after rising above the consolidation around $0.36. Meanwhile, the bears seem to have some room to expand, as the bulls do not appear to have gained the required strength. A rise beyond the pivotal resistance may invalidate the bearish trajectory; otherwise, it may offer a good buying range.&nbsp;</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcj0B9bRi_44kkYt3Q89zySrenL4Pni2MeLg2xzqrqNeRNVEJJVhLgJOchoBQj7R27iq5PIybmXA5gI-Q3L0JWnpoKTRVcJamsneNO1c8_akoM_UUpChngke6mQKaRoE9IHx1_2FQ?key=6W1JrHgojDppt-c_JrKlf9_M" alt="">
</figure>   
<p>The daily chart of DOGE suggests the price has just broken out from the bullish pennant. The RIS suggests a rise in bullish momentum but the MACD suggests a drop in the buying volume, which may further compel the price to face a small pullback. However, this could be a good buying opportunity at around $0.35, as a breakout is expected to kick-off a strong rise to the ranges above $0.6, probably before the end of 2024.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-pepe-pepe">Pepe (PEPE)</h3>   
<p><a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noreferrer noopener">PEPE price</a> broke from the decisive symmetrical triangle and surged by more than 125% to mark the interim highs at around $0.000024. Since then, the price has undergone a descending consolidation but the bulls have managed to hold back the rally, preventing excessive price drain. Therefore, once the bulls regain their dominance, the token is believed to revamp a strong ascending trend.&nbsp;</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfYgcr0YDPSeE1NijwoDVOsCODP9-fBmPazsgGvOPig0jZGFsjg3hhtaRTE7L5jo9jWtWFsP8O8KPVYwlSq1AflIW_L6T6zFtdW0oQyIFI1O5Y9AsgLJql2tyKEjTevL1rSSUjMjQ?key=6W1JrHgojDppt-c_JrKlf9_M" alt="">
</figure>   
<p>As seen in the above chart, the PEPE price rally broke out of the multi-month consolidation and surged above the ascending trend line. This has raised the possibility of a bullish continuation as the price is trading within a bullish pennant. The price is believed to remain consolidated for another couple of days, which includes a slight pullback below $0.00002, which may further trigger a strong rebound beyond $0.00003.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-shiba-inu-shib-nbsp">Shiba Inu (SHIB)&nbsp;</h3>   
<p>The traders had shifted their focus away from this popular memecoin as the volume has remained a major constraint. A close observation suggests the selling volume in the past week has been more than that of the buying volume that triggered a 50% rise. This suggests the bears are vigilant over the growth of the token, which could not be a good sign for a healthy rally.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfcu-kukiH8dSg49blRm7vupueN2UxOFx7pamUjllQp8vkBgyqwBpvrF9uyQouJx63fpPf3gAJqnDj8qq3GLbTRwsNiHAXgXUDiScYjusdNElk9yG1WIt_4kzQ8rVLLzDMa5FU-9A?key=6W1JrHgojDppt-c_JrKlf9_M" alt="">
</figure>   
<p>As suggested in the above chart, the <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noreferrer noopener">SHIB price</a> remains consolidated within a decisive symmetrical triangle. The token possesses both bullish and bearish opportunity as the RSI is displaying a higher high but the OBV undergoes a pullback. Hence, if the SHIB price faces a pullback, the support at $0.00002 may offer a base to trigger a rebound; otherwise,&nbsp; a bullish breakout would elevate the levels close to $0.00004.&nbsp;</p>

Memecoins Consolidating: DOGE, PEPE, & SHIB Prices to Enter Buying Zone Shortly

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