Dogecoin

Pepe

<p>As the markets collapsed with over $1.5 billion in liquidations, the Bitcoin price trembled down below $95,000. In no time the memecoins faced a huge sell-off and plunged, driving the market cap from $137 billion to $116 billion. Meanwhile, the trading volume of the memecoins doubled, suggesting market participants fell into the trap of ‘panic selling’. However, despite massive losses, popular ones Dogecoin &amp; Pepe have triggered a recovery and if they remain bullish until the day’s close, the other memecoins are also expected to gain some strength.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-dogecoin-doge-price-analysis">Dogecoin (DOGE) Price Analysis</h2>  
<p>Dogecoin faced huge liquidations of around $90 million in the past 24 hours that slashed the price from $0.466 to $0.412. However, the token has been displaying strength since the start of its rally in October and as a result, the bulls managed to defend the crucial support. Currently,&nbsp; the price is trading within a rising channel, suggesting the <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">DOGE price</a> may reclaim the lost levels to form new yearly highs soon.&nbsp;</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfc_bRH4Mzc9lWaN9Ym2zLjbSW5gDsJZyXwySukym50bt6_22aRVPusAXYmKGho_Dt-fswGR3uDtShXq3mi1qiikEtPT7MAxg62Podp9L_J-hax_DcnwbxPyhSxXhvcADHmTkE-BQ?key=YpJc1gFmuBi2Say7Vi9k5K_R" alt="">
</figure>  
<p>As seen in the above chart, the DOGE price has reclaimed it’s levels within the bullish pattern, suggesting the bulls to have remained vigilant. Meanwhile, the RSI displayed a bullish divergence while the MACD suggests a drop in the buying pressure. Moreover, a bullish crossover in the short term may have a huge positive impact in the long term, which could push the prices above the pivotal resistance around $0.478. Beyond this move, a rise above $0.5 could be imminent, forming highs at $0.53.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-pepe-pepe-price-analysis">Pepe (PEPE) Price Analysis</h3>  
<p>Being different from the other memecoins, the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">PEPE price</a> is displaying significant strength as the levels maintain a healthy upswing close to its ATH. Regardless of the current market turmoil, the popular memecoin is just 8% away from its highs and hence there is a high possibility of forming new highs later this week.&nbsp;</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdgDngfuoIaadYEeLk0iGxg3FLnTIugLDsR-8Ze6uLkqyC8o6mfgN-UEjLt0kfvO4f1-r-2CJWoc2HOkL8E7bVBaQIWldyh2H3LB5Tdf5eAuYjDh_YBBcAFWZUsaYBV3KjRj6Vo3A?key=YpJc1gFmuBi2Say7Vi9k5K_R" alt="">
</figure>  
<p>The PEPE price is trading within a rising wedge and the current daily candle has hit the upper resistance and also tested the support. Therefore, with this, the price is expected to rise above $0.000027 in a short while, which may push the prices above $0.00003 shortly. However, the RSI and OBV are displaying a bullish divergence, which could be a matter of concern at the moment. Therefore, the PEPE price is believed to mark new highs above the said target and eventually face a notable rejection after breaking out from the rising wedge.</p>

Memecoin Crash Hard While Pepe & Dogecoin (DOGE) Display Strength—Can the Other Tokens Trigger a Recovery?

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