🚀 DOGE, SHIB & PEPE Test Crucial Resistances — Breakout Ral
koinmilyoner
Updated at: 5 hours ago
{"content":"🚀 DOGE, SHIB & PEPE Test Crucial Resistances — Breakout Rally in Sight?
From Wednesday, Dogecoin gained over 6%, eyeing a short-term barrier level breakthrough.
Since mid-June, Shiba Inu has risen about 1%, reaching resistance.
A falling triangle pattern may break out when Pepe rises roughly 2% on Thursday.
As the market strengthens, meme coins are recovering quickly. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), the top three meme currencies by market cap, are approaching daily resistance levels.
Dogecoin expects further gains as momentum swings.
After rising 6.91% on Wednesday, Dogecoin forms a Doji candle at press time on Thursday, signaling indecision. Contrary market forces are fighting at short-term resistance at $0.1694, last touched on Sunday, causing intraday indecision.
Dogecoin might reach its June high at $0.2067 with a closing above this level.
A Doji or bearish candle on Thursday might boost DOGE's turnaround odds. It might retest Tuesday's bottom at $0.1567, undercutting Wednesday's bullish engulfing candle.
Shiba Inu faces a turning point.
Shiba Inu rose over 1% on Thursday, adding to its 5.45% gain from the day before. SHIB must break the $0.00001200 resistance level, tested on Wednesday and Sunday
A decisive closure above this level might continue the rebound to $0.00001335 on June 10.
Reversal from $0.00001200 resistance might test $0.00001121 support, last touched Tuesday.
At press time on Thursday, Pepe trades in the green by roughly 2%, maintaining above the $0.00001000 psychological support level. Meme coins move above a small resistance trendline linking the May 23 peak and June 10 close.
Trendline forms descending triangle with base support at $0.00000900. A closure above this trendline would trigger a descending triangle breakout rally. PEPE must break the $0.00001037 resistance level last hit Wednesday to continue the rally.
Pepe's breakthrough surge might reach $0.00001196, last touched June 8.
A negative close might send PEPE below $0.00000900, the basic support.
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