Memecoin Market Analysis: What’s Next for Dogecoin, Shiba Inu, Pepe, GameStop Prices?

Pro Crypto Analyst Predicts Significant Decline For Memecoin PEPE And Other Altcoins

The post Memecoin Market Analysis: What’s Next for Dogecoin, Shiba Inu, Pepe, GameStop Prices? appeared first on Coinpedia Fintech News

The meme coin market has experienced a bullish rally over the past few weeks, coinciding with a slowdown in the altcoin and Bitcoin markets. Notably, the return of Roaring Kitty ignited a bull run for GME, a SOL meme coin. Consequently, investors are now curious about the upcoming price trend of other leading meme coins, including Dogecoin, Shiba Inu, and Pepe.

Dogecoin Price Analysis

Dogecoin turned downward and fell below the moving averages, indicating that its price might stay within the $0.12 to $0.15 range for a while. As of writing, DOGE price trades at $0.146, declining over 1% in the last 24 hours. 

The downsloping 20-day EMA ($0.15) and the RSI in negative territory suggest that bears have the upper hand in the near term. The DOGE/USDT pair could decline to $0.138 and then to $0.12.

A strong rebound from $0.12 would indicate that bulls are buying at lower levels. The next trending move is likely to start with a break above $0.15 or below $0.12. Until then, random and volatile range-bound action may continue.

Shiba Inu Price Analysis

SHIB price declined from $0.000026, consolidating around the crucial level of $0.0000225. This level is crucial as it will likely see significant action from both bulls and bears. As of writing, SHIB price trades at $0.0000231, declining over 2.2% in the last 24 hours. 

If the SHIB price breaks above the resistance channel, we might see a surge toward $0.00002898. However, bears will strongly defend that level.

However, if SHIB falls below the current price level, it might head toward $0.00002 for a retest. A decline below that level might send the price toward $0.000012.

Pepe Price Analysis

Pepe rebounded off the support line and surged above the 20-day EMA ($0.0000129), showing positive sentiment as traders buy on dips. However, bears remain active around 23.6% Fib channel.

Bulls will attempt to push the price to the overhead resistance of $0.000015, where strong selling by bears is expected. If bulls succeed, the PEPE/USDT pair could begin the next uptrend toward $0.000017.

However, if the price turns down and breaks below the support line, it will invalidate the bullish pattern. The pair may then drop below $0.00001.

GameStop Price Analysis

In the last few hours, the price of GME has been dropping due to a selling pressure above the $0.02 mark. Currently, GME is trading at $0.0184, having declined over 5% in the past 24 hours.

The 20-day exponential moving average (EMA) at $0.0182 is slightly declining, and the relative strength index (RSI) is aiming for a decline below the midline, signaling that sellers have the upper hand. The GME/USDT pair might decline to its breakout point of $0.013, testing buyers’ patience.

However, this bearish outlook could change if the price rebounds and holds above the EMA20 trend line. In such a scenario, the pair might reach $0.032 and aim for a new all-time high (ATH).

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

Chainlink’s CCIP Enables Seamless Onchain Payments for XPay by XSwap
XSwap has adopted Chianlink’s CCIP for its new XPay tool, ensuring secure and efficient onchain pa...
default post thumbnail
Legendary Trader Warns: Bitcoin Could Plunge Below $50,000 If These Key Levels Break
Renowned trader Peter Brandt recently provided insights on the Bitcoin price potential market moveme...
default post thumbnail
Dogecoin Sees Monumental Surge In Transactions As Whales Spend $129 Million
Dogecoin is currently at a critical price junction that might determine its price trajectory in the ...
default post thumbnail
MATIC Price Tests 8-Month Support As Polygon Unveils New Governance Hub
Polygon’s native token, MATIC, has experienced a notable disparity compared to the broader cryptoc...
default post thumbnail
Ethereum HODLers Scoop 298,000 ETH In 24 Ahead Of Spot ETF Trading
Ethereum is under pressure at press time, tumbling roughly 15% from March 2024. As sellers press on,...
default post thumbnail
Ethereum Withdrawals From Coinbase Top $1.2 Billion, What’s Going On?
Ethereum has seen a number of notable withdrawals that suggests that crypto whales are expecting a r...
default post thumbnail
Dogecoin Plunges 11%, But This On-Chain Cushion Could End Decline
Dogecoin has observed a plummet of 11% over the past week, but this decline may not continue further...
default post thumbnail
Polkadot (DOT) Token Utility
Polkadot is a protocol designed to connect different blockchains, enabling the transfer of value and...
default post thumbnail
Bitcoin-Focused Book Inspired Bill To Abolish Federal Reserve
US Congressman Thomas Massie has said that he was inspired by a Bitcoin-focused book, The Bitcoin St...
default post thumbnail
UwU Lend Offers $5M Bounty For Information On Attacker
The team behind the UwU Lend protocol has offered a $5 million bounty to whoever can identify its at...
Read more posts